Overview

• The token fell roughly 26% from earlier monthly highs to test the $2.65–$2.70 support zone, with some desks noting elevated volumes as investors reposition.
• Coinglass data shows $18.27 million in XRP liquidations over 24 hours, including about $16 million in longs closed during the slide.
• CrediBULL Crypto, DonAlt and Ali Martinez maintain a bullish longer‑term structure, citing invalidation near $2.20, tolerance for a dip toward $2–$2.40, and a key rebound setup from $2.70 toward a $3.20 neckline.
• Chart signals referenced by multiple analysts—Elliott Wave, double‑bottom, bullish flag, cup‑and‑handle and a coiling‑spring pattern—point to potential targets around $3.65 to $4.03, with some calling $5 a psychological level rather than a forecast.
• Institutional access is expanding through the newly launched U.S. XRP ETF (XRPR) that grew to nearly $100 million in its first week and via XRP’s inclusion in the Hashdex Nasdaq Crypto Index ETF, while October deadlines for additional spot‑ETF filings and XRPL’s reported growth in tokenized RWAs (>$350 million) and RLUSD (~$741 million) are cited as supportive catalysts.