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XRP has staged a strong comeback, rebounding nearly +65% from last week’s low after Ripple and Immunefi revealed plans for a $200,000 “Attackathon” to test the security of the XRP Ledger’s upcoming lending protocol.
According to Coingecko data, XRP, tied to the XRP Ledger (XRPL), jumped from around $1.64 on October 10 to the mid-$2 range by October 14.
The sharp rebound came as the broader market recovered from a tariff-driven sell-off that hit risk assets across sectors.
Ripple and Immunefi said the “Attackathon” will be a time-boxed security testing event, designed to identify and fix potential vulnerabilities before the protocol is launched.
The initiative begins with an educational phase that is already live, followed by a bug-hunting period starting October 27.
A dedicated “XRPL Attackathon Academy” will support participants through the process.
According to Immunefi, the goal is to strengthen the protocol’s resilience and ensure it meets community security standards before it is submitted for governance approval.
The XRP rebound also aligns with a wider market recovery seen across major cryptocurrencies on Monday, as traders stepped back into positions after last week’s volatility.
This move highlights renewed confidence in XRP’s technical setup, with the token now holding around the $2.60–$2.70 range, significantly above Friday’s low of $1.60.
Provided that the momentum persists, the XRP might be laying the groundwork for a more consistent uptrend before the XRPL lending protocol is finally released later this year.
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According to analyst Steph Is Crypto, XRP might be setting up for a rebound after weeks of turbulence.
The weekly XRP/USD graph on Bitstamp indicates that the token is moving into an oversold area, suggesting that pressure to purchase may be observed in the near future.
The phenomenon described in the chart is not new: every time the Stochastic RSI fell below 20, XRP responded with a powerful surge in the next several weeks.
This has been observed three times since 2024, and recent reading with Stoch RSI values of 8.98 and 15.23 has identical oversold conditions.
XRP has declined after reaching its high of close to $4.00 to approximately $2.61.
In the past, there have been strong recoveries following each sharp dip, indicating that the market is generally likely to react positively once momentum has been restored.
The token is currently consolidating within a range of $2.5 to $2.6, which has served as a major support area in previous cycles.
For repeat buyers, opposition may develop around the areas of $3.20 and $3.80.
However, a drop below $2.40 might open the door to another correction before any bounce.
This structure resembles earlier accumulation phases that preceded major rallies.
Traders are now watching the weekly close and RSI crossover for signs that momentum may finally shift back in favor of the bulls.
