Kraken Data Reveals XRP’s Critical Support Test Amid Market-Wide Pressure
On October 11, 2025, XRP continues to face significant downward pressure as the cryptocurrency struggles to maintain its market position, falling below the crucial $2.90 support level. According to data from leading cryptocurrency exchange Kraken, XRP has now breached its 100-hour moving average, signaling strengthening bearish technical indicators in the short term. This decline mirrors broader weakness across the cryptocurrency market, with both Bitcoin and Ethereum experiencing similar selling pressure. The $2.82 level has emerged as the next critical support threshold for XRP, and market analysts warn that a breach of this level could trigger accelerated declines. Kraken's trading data shows that XRP's inability to hold above $2.90 represents a significant technical breakdown, with the token now trading in territory that could test investor confidence and trigger further liquidations. The exchange's metrics indicate that trading volume has increased during this downward move, suggesting heightened market activity and potential volatility ahead. Market participants are closely watching Kraken's order book data for signs of either consolidation or further deterioration. The current technical setup, as reflected in Kraken's analysis, points to a crucial juncture for XRP, where the next few trading sessions could determine whether the token can stabilize or face additional downward pressure. This development comes amid ongoing regulatory discussions and market uncertainty that have characterized the digital asset space throughout 2025, with exchanges like Kraken playing a pivotal role in providing transparent market data and liquidity during these volatile periods.
XRP Faces Pressure as Price Slips Below $2.90 — Key Levels Ahead
XRP's downward trajectory continues as the token struggles to maintain momentum, slipping below the critical $2.90 support level. Market sentiment mirrors broader crypto weakness, with Bitcoin and ethereum also facing selling pressure.
Kraken data reveals XRP now trades below its 100-hour moving average, reinforcing short-term bearish technicals. The $2.82 level emerges as crucial support—a breach could accelerate declines, while resistance clusters NEAR $2.88 and $2.92 cap any rebound attempts.
Kraken: The Veteran Exchange Dominating Global Crypto Markets in 2025
Kraken has solidified its position as the leading global cryptocurrency exchange in 2025, topping Kaiko's rankings for Q3 after climbing from #3 in Q1 and #2 in Q2. The platform's institutional-grade infrastructure and relentless focus on security have redefined industry standards, attracting over 9 million clients across 190 countries.
Revenue surged to $412 million in Q2 2025, marking an 18% year-over-year increase. The exchange's staking infrastructure now supports passive income generation across more than 45 networks, while strategic government and institutional partnerships bolster its regulatory credibility.
Founded in 2011 as a Bitcoin trading platform, Kraken's evolution into a comprehensive financial ecosystem mirrors the cryptocurrency industry's maturation from speculative trading to mainstream institutional adoption.
