The moves come ahead of a pivotal Federal Open Market Committee (FOMC) meeting on Oct. 28–29, where officials are widely expected to cut benchmark rates by 25 basis points to the 4.00%–4.25% range.

Traders should watch for XRP to maintain support around $2.60-$2.63, as a sustained rise above $2.65 could shift the bias bullish.

Open interest climbing from $25 billion to nearly $30 billion reflects fresh leverage entering the market — a double-edged sword that could amplify upside momentum above $112,000 but heighten liquidation risks below $110,000, an analyst noted.

Institutional positioning and derivatives data indicate growing speculative interest, with futures activity climbing 9% over the past 24 hours.

Onchain data show a roughly 3.36% drop in exchange reserves since early October — a historically bullish signal tied to accumulation.

The Madras High Court granted interim protection to a WazirX user, blocking the exchange from redistributing her XRP as part of its Singapore-led restructuring.

DOGE outperforms broader crypto markets as volume climbs nearly 10% above weekly averages, signaling early accumulation within breakout structure.

XRP surged 3% to $2.68 during Sunday’s session, breaking above the critical resistance level at $2.63 on a dramatic volume spike — one of the largest of the month.

The move comes as the BTC/gold ratio — a measure of Bitcoin’s relative value against the yellow metal — flashed its most oversold reading in nearly three years last week.

That risk sentiment across global markets. US and Asian equity futures advanced, and gold pulled back slightly from recent highs as traders rotated back into risk assets.

October has been defined by forced selling and false starts and on track to become the worst since 2015, dampening an otherwise bullish month that averages over 25% returns for bitcoin.

Failure to hold $2.50 on a closing basis would neutralize the bullish structure, potentially inviting rotation back toward $2.40–$2.42 support.

Analysts are watching if DOGE can maintain support above $0.19, with a potential breakout above $0.2003 attracting further buying interest.