XRP Holds $2.90 As ETF Decisions Approach

Market background for XRP

XRP has drawn significant market attention as the SEC approaches deadlines for seven spot ETF filings. The first decision, involving Grayscale, is expected on October 18, with subsequent rulings extending into mid-November. This decision window could become a catalyst for institutional inflows, similar to what was seen with Bitcoin ETFs.

XRP price holds above $2.90

In the past 24 hours, XRP fluctuated between $2.84 and $2.93, reflecting about 3.5% volatility. By session close, the token held firmly above $2.90, signaling resilient demand despite strong selling pressure near resistance levels.

Institutional buying and whale activity

On-chain metrics reveal that large wallets holding 10–100 million XRP have accumulated over 120 million tokens in just three days. This accumulation highlights growing institutional interest. Intraday breakouts were accompanied by trading volumes exceeding 97 million XRP, far above the daily average of roughly 57 million. A late-session uptick from $2.88 to $2.90, backed by nearly 5 million XRP in volume, confirmed persistent buying support.

Key resistance and support levels

The $2.92–$2.93 zone has acted as a firm resistance, with repeated rejections at this level. A confirmed daily close above $2.93 would validate the bullish continuation pattern. On the downside, the $2.85–$2.86 range has consistently served as strong support, with buyers stepping in to absorb selling pressure. Holding above $2.90 is also psychologically important, suggesting consolidation before a potential breakout.

Short-term price scenarios

If XRP maintains support above $2.90 and successfully clears $2.93 with strong volume, it is likely to advance toward $3.00 and potentially $3.05. This breakout would reinforce confidence and attract more liquidity. Conversely, if XRP loses support at $2.85–$2.86, downward pressure could intensify, pushing the price back to the 200DMA or the $2.80 region.

Conclusion for traders

XRP is at a critical juncture as traders balance anticipation of ETF decisions with technical signals around $2.90. The key factors to monitor are whether XRP can secure a daily close above $2.93 and whether it can defend support at $2.85. These levels will determine the trajectory of XRP in the coming weeks.

Disclaimer: This article is intended solely to provide information and market insights at the time of publication. We make no promises or guarantees regarding performance, returns, or the absolute accuracy of the data. All investment decisions are the sole responsibility of the reader.