Overview

• XRP trades between roughly $2.78 and $2.86, with $2.70–$2.78 repeatedly defending as support and a decisive close above $3.00 viewed as the near-term trigger.
• Multiple issuers, including Grayscale, Bitwise and Franklin, await SEC rulings on spot XRP ETFs, with industry odds near 87%–90% and final deadlines approaching in mid-October.
• On-chain data show large holders added about 340 million XRP in the past week, lifting whale balances to roughly 7.84 billion tokens.
• Leveraged and structured products continue to grow, with Teucrium’s 2x XXRP around $355 million in assets and ProShares’ UXRP near $100 million, even as BTC and ETH spot ETFs logged recent outflows.
• XRPL fundamentals remain mixed, with total value locked near $96 million despite recent upgrades, while broader crypto conditions feature Bitcoin consolidating near $111,000 and heightened rate-cut expectations shaping flows.