Kraken XRP Analysis: Resistance at $2.65 Signals Short-Term Weakness

On Kraken and other major exchanges, XRP is currently facing significant resistance at the $2.65 level as its recent recovery momentum shows signs of fading. The digital asset briefly surpassed $2.60 earlier this week, reaching a high of $2.697 before encountering strong selling pressure that pushed prices back down. This price action indicates that sellers are dominating near local highs, creating a challenging environment for bulls attempting to sustain upward movement. The breakdown below the crucial bullish trend line at $2.635 on hourly charts further confirms the short-term weakness developing in XRP's price structure. Despite showing resilience by rebounding from the $2.50 support level earlier in the week and mirroring gains seen in Bitcoin and Ethereum, XRP has struggled to maintain its upward trajectory. Market participants on Kraken are closely watching these key technical levels as they provide important insights into the token's near-term direction. The failure to hold above $2.60 suggests that while there's underlying strength in the cryptocurrency market, XRP specifically faces unique challenges at current price levels. Traders and investors are now monitoring whether XRP can regroup and mount another attempt to break through the $2.65 resistance or if further consolidation or correction is needed before the next significant move. The current technical setup on Kraken's charts indicates that the battle between bulls and bears around these critical levels will likely determine XRP's short-term price trajectory as we move deeper into October 2025.

XRP Faces Resistance at $2.65 as Momentum Wanes

XRP's recovery rally has stalled NEAR the $2.65 resistance level, with the token failing to maintain upward momentum despite briefly surpassing $2.60. The price action suggests short-term weakness as sellers dominate near local highs.

After rebounding from $2.50 earlier this week, XRP mirrored gains in Bitcoin and Ethereum, climbing to $2.697 before reversing. The breakdown below a bullish trend line at $2.635 on hourly charts confirms weakening technical structure. The token now trades below both $2.60 and the 100-hour moving average—a bearish signal for near-term traders.

Market participants eye $2.62 as immediate resistance, with $2.65 representing a key psychological barrier. Sustained trading above $2.688 WOULD signal renewed bullish potential, potentially targeting $2.72-$2.80. However, analysts caution that profit-taking may intensify at higher levels until XRP establishes firm support above $2.65.

Ethereum Retreats Below $4K as Bullish Momentum Falters

Ether's rally above $4,200 proved short-lived as the cryptocurrency slid below the psychologically crucial $4,000 threshold. The second-largest digital asset now faces technical headwinds after failing to maintain support near $4,100.

Market participants watched ETH/USD break key trendlines on Kraken's exchange, with the pair losing both the $4,080 level and its 100-hour moving average. The retreat has erased more than half of Ethereum's gains from its recent $3,708 low, signaling weakening buying pressure.

Technical charts suggest $4,040 now serves as immediate resistance, followed by the critical $4,080 zone. A decisive MOVE above these levels could reignite bullish momentum toward $4,250. However, failure to reclaim $4,080 may invite further downside.

Bitcoin Faces Resistance at $114K Amid Short-Term Pullback

Bitcoin's rally stalled near the $114,000-$115,000 resistance zone, with sellers capping gains after a brief spike above $116,000. The retreat below the 100-hourly Simple Moving Average signals weakening momentum, suggesting potential consolidation or correction ahead.

Profit-taking erased earlier gains that saw BTC surge 9% weekly, with a local top at $116,309 now acting as a technical ceiling. The breach below $114,050—a key trendline support—and the 23.6% Fibonacci retracement level from the $106,718 low underscores growing bearish pressure.

Kraken data shows the market at an inflection point: failure to reclaim $114,000 could deepen the correction, while sustained holding above $113,500 may preserve bullish structure. Traders await the next catalyst as October's volatility persists.