XRP rejected at $2.93, tests $2.85 support after failed breakout as MUTM emerges as the crypto to buy

4 hours ago 20

XRP has just faced rejection at $2.93, now testing $2.85 support following a failed breakout attempt.

Traders watched the token spike above $2.90 on double the average volume, only for profit-taking to reverse those gains sharply.

As a result, a new supply area consolidated at $2.92 to $2.93, while macro headwinds such as Fed policy expectations and trade tensions weigh down on risk flows.

Moreover, XRP closed at $2.85, down 2.5% from intraday highs amidst the volatility of crypto prices in general.

This action highlights why these days investors pay attention to crypto predictions closely. Thus, the event highlights ongoing questions around why crypto is down today.

XRP faces supply pressure

Profit-taking reversed XRP’s intraday rally after it breached $2.90 resistance.

The token peaked at $2.926 before sellers dominated, confirming a breakdown on low closing volume of 2.97 million.

Consequently, support at $2.86 cracked, turning it into resistance. Now, $2.85 holds as the key floor, with a break risking a drop to $2.80.

Moreover, high-volume rejection at $2.92 to $2.93 marks that zone firmly.

Traders eye macro catalysts for clues on future moves. In fact, institutional accumulation lingers beneath the surface, yet short-term bearish momentum prevails.

Therefore, crypto prices today reflect this caution, prompting shifts in crypto investment strategies.

XRP tests critical floor

XRP rallied 2% on October 8, jumping from $2.88 to $2.93 amid 86.6 million in turnover.

That surge nearly doubled the 24-hour average, tied to central bank shifts and global tensions. However, U.S. close brought heavy selling, settling the token at $2.851.

As a result, the 3% range between $2.85 and $2.93 exposed vulnerabilities. Furthermore, why are crypto-crashing patterns emerging here, with regulatory whispers adding weight?

Thus, XRP’s path hinges on whether $2.85 endures or yields. In turn, this setup fuels debates on investing in crypto amid uncertainty.

Mutuum Finance presale accelerates

Mutuum Finance (MUTM) has drawn steady inflows as phase 6 of its 11-phase presale hits 60% full. Investors have raised $17,100,000 since the presale began, onboarding 16,840 total MUTM holders.

Currently, phase 6 unfolds at $0.035 per token, a 250% rise from the phase one price of $0.01.

Moreover, this phase sells out rapidly, narrowing the window for entry at these levels.

Soon, phase 7 opens with a 14.3% hike to $0.04. At launch, MUTM reached $0.06, promising current buyers a 420% return. Consequently, crypto investing heats up around such structured gains.

Mutuum builds lending protocol

Mutuum Finance (MUTM) recently announced the development of its lending and borrowing protocol.

Version 1 deploys to Sepolia Testnet in Q4 2025, featuring a liquidity pool, mtToken, debt token, and liquidator bot among core elements. Initial assets are ETH and USDT, which will be used for lending, borrowing, or as a form of collateral.

Furthermore, the team successfully completed its Certik audit, which granted it a score of 90/100 tokens, indicating strong security.

In addition, the Mutuum Finance (MUTM) project launched the bug bounty program using CertiK, offering $50,000 USDT for critical, major, minor, and low-severity bugs.

Thus, these steps enhance the integrity of the platform. Meanwhile, the MUTM team released a dashboard to keep track of the top 50 holders who receive bonus tokens for holding up their ranks.

Mutuum increases engagement for users

Mutuum Finance (MUTM) launched the biggest giveaway in its history to celebrate the presale milestone.

A total of $100,000 in MUTM will be given to 10 winners – $10,000 each. Participants provide a legitimate wallet address for the transfer of prizes.

They do all quests meticulously to increase odds. Minimum presale investment of $50 required

Moreover, this initiative spotlights MUTM’s utility in decentralized lending, where users earn yields on idle assets or borrow against holdings without custody loss.

Borrow interest rates adjust via utilization, keeping liquidity balanced—low when abundant, higher when scarce.

Stable rates lock predictability for borrowers, starting above variable levels. Overcollateralization safeguards positions, with liquidations incentivized by bonuses.

Deposit and borrow caps limit risks for volatile tokens. Loan-to-value ratios cap borrowings at safe thresholds, like 75% for stable assets.

Consequently, Mutuum Finance (MUTM) positions itself as a practical crypto investment amid XRP’s wobbles.