Overview
- XRP is consolidating between $2.60 and $2.70 after a failed push near $2.68, with $2.60 support repeatedly tested and $2.65 identified as the level that would tilt the bias higher.
- Spot and derivatives activity has jumped, with trading volumes up sharply and CME-listed XRP futures hitting record open interest, signaling renewed institutional participation.
- On-chain data show late-October accumulation of roughly $500–$560 million by large holders and a rise in the number of sizeable XRP addresses.
- Short‑term indicators are flashing caution, including a TD Sequential sell signal and weakening MACD and RSI readings that point to potential consolidation or a pullback.
- Potential catalysts under watch include unverified talk of a BlackRock spot XRP ETF and Ripple’s ongoing OCC trust‑bank review alongside its $1 billion GTreasury acquisition.