XRP drew more than $184 million in speculative buying on Binance after its price slipped below $1.30, according to analyst Darkfost, who documented the surge in an X post. The inflows followed a correction of as much as 22.5% from the token's September 23 high of $1.65. XRP subsequently rebounded 5%, although its four-hour chart continued to reflect bearish momentum.

The token now trades near $1.29, where immediate support sits between $1.29 and $1.30. A breakdown below that zone could open the way toward $1.25 if selling pressure intensifies. Momentum indicators remain subdued: the Relative Strength Index reads 37.98, signaling weak momentum, while a marginally positive MACD histogram points to a tentative recovery attempt.

Binance Records $184 Million in XRP Buying Activity

Darkfost reported a sharp increase in Taker Buy Volume, a metric that measures market buy orders on derivatives markets — trades executed immediately at the asking price, a sign of buyers unwilling to wait for limit fills. Within a single hour, Binance registered more than $73 million in XRP buy volume, compared with $1 million on Bybit and $451,000 on OKX — a gap of more than 70-to-1 over Bybit and roughly 160-to-1 over OKX that underscores how concentrated the dip-buying was on the largest cryptocurrency exchange by trading volume. Several other hours that day also saw Binance buy volumes exceed $35 million. Taken together, the purchases pushed the total inflow above $184 million as traders positioned against the prevailing decline.

The correction followed disappointing U.S. consumer price index figures, producer price index data, and a lower opening in U.S. equity markets, with XRP sliding in tandem with risk assets as the data landed. XRP had fallen as much as 22.5% from its September 23 peak before recovering 5%. Darkfost characterized the inflows as speculative, short-term capital that could amplify price volatility — money that, on that read, can exit as quickly as it entered.

XRP Holds Near $1.29 as Selling Pressure Persists

On Binance's four-hour chart, XRP last traded at $1.2929, down 0.83% on the latest candle. The candle opened at $1.3037, reached a high of $1.3042, and fell to a low of $1.2919, while trading volume stood at 5.47 million XRP (chart data via TradingView).

After peaking near $1.62 around September 22–23, XRP formed successive lower highs and lower lows. Selling accelerated around October 7, pushing the price below $1.45, then $1.40 and $1.35. The token has since consolidated near $1.29.

RSI and MACD Show Limited Signs of Recovery

XRP's immediate support lies between $1.29 and $1.30. A breakdown could expose $1.25, while a recovery above $1.32–$1.35 would bring resistance at $1.38–$1.40 into focus. Reclaiming $1.40 would provide a stronger recovery signal.

The Relative Strength Index stands at 37.98, below its 39.68 average and approaching the conventional oversold threshold of 30. Meanwhile, the MACD line sits at -0.0170, slightly above the -0.0172 signal line, and its histogram is marginally positive at 0.0002, although both lines remain below zero. For now, the $73 million hour on Binance stands as the clearest footprint of that dip-buying appetite — and, on Darkfost's read, a speculative one — making the defense of XRP's immediate support the near-term test of whether the aggressive buying has staying power.