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3h ago

XRP Edges Back to $2.80 as Whale Buying Meets Looming SEC ETF Decisions

A fragile setup below $2.73 could accelerate losses to $2.51 even as traders position for October ETF rulings and debate the next big move.

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Xrp flashpoint: price rejected at $2.83—is a drop to $2.65 next?
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Overview

  • XRP is oscillating around $2.78–$2.80 after losing the $2.80 floor, with reported 24‑hour trading volume down roughly 58% to about $2.8–$3.0 billion.
  • On‑chain realized‑price data highlights a low‑activity gap from $2.73 to $2.51, and analysts warn a clean break below $2.73 could see a swift drop toward $2.51.
  • A weekend whale purchase of 17,555,420 XRP on Kraken—moved to an external wallet—has been flagged by trackers as fresh accumulation by a large holder.
  • Kalshi prediction markets showed a 3% uptick in contracts targeting $5 by year‑end as XRP briefly reclaimed $2.80, reflecting some traders’ willingness to lean bullish.
  • Six spot‑XRP ETF filings face SEC decision windows between October 18 and 25, while analysts remain split between bullish multi‑timeframe setups and bearish RSI‑driven caution.