XRP Dips 9% in a Week: Is It Time to Buy at the 200-Day Average?

Ripple just secured four institutional deals in a single week, yet XRP still shed nearly 10% and slid back to a technical level that traders treat as a line in the sand between bull and bear territory.

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XRP (CRYPTO: XRP) fell 9% over the week leading up to October 9, 2026, returning to its 200-day average—a key indicator traders use to assess long-term trends. As of October 10, XRP is priced at $1.41, which slightly mitigates its weekly loss to 5.2%. However, it remains approximately 61% below its all-time high of $3.65.

This decline occurred during a week when Ripple, the company behind XRP, announced four institutional partnerships. Additionally, the CFTC provided preliminary regulations identifying XRP as a digital commodity. So, does XRP’s return to its 200-day average signal a buying opportunity, or the start of a downtrend?

What XRP’s 200-Day Average Tells Traders

A moving average, like the 200-day average, represents the average closing price over the past 200 days and updates daily. This approach smooths daily price fluctuations into a clearer trend line. Currently, XRP is testing its exponential 200-day moving average, which weighs recent prices more heavily and responds faster to changes.