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2d ago

XRP Holds $3 as ETF Approval Odds Near 95% and Institutional Positioning Rises

Traders are watching a decisive break over roughly $3.30 to $3.50 to set up a run toward the mid‑$4s.

XRP ETF approval odds surges
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Ripple
What next as xrp slumps after failed breakout above $3

Overview

  • XRP reclaimed the $3 mark and tested $3.04 before pulling back, with technicians flagging resistance near $3.05, $3.30 and up to about $3.40.
  • Institutional activity is climbing, with XRP futures demand at roughly 2.69 billion XRP and CME open interest up 74% in a month to about 386 million XRP.
  • Analysts place U.S. spot XRP ETF approval odds around 90–95% for October SEC deadlines, with estimates of $4–$8 billion in first‑year inflows if a product is approved.
  • Market structure shows cross‑currents as exchange custody balances hit 12‑month highs and options positioning skews call‑heavy into near‑term expiries.
  • Ripple’s expanded partnership with BBVA under EU MiCA is bolstering institutional adoption narratives, even as traders brace for volatility around CPI, the Fed’s Sept. 17 decision and SEC rulings.