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XRP Holds Key Support as ETF Odds Near 90%, Bitcoin Hovers Around $112,000

Traders are weighing macro tailwinds against cooling demand in ether ETFs.

Overview

  • Analysts place the probability of U.S. approval for a spot XRP ETF near 87–90% as the SEC reviews a record slate of applications ahead of mid-October deadlines.
  • XRP is consolidating around $2.78–$2.86 with support near $2.74–$2.80 and resistance around $3.00–$3.10, while whale holdings rose by about 340 million XRP to 7.84 billion over the past week.
  • Weak August U.S. jobs data sparked a brief risk-on move that lifted Bitcoin above $113,000 and added over $60 billion to crypto market value before prices steadied in the $111,000–$113,000 range.
  • Spot ether ETFs logged four consecutive days of net outflows totaling about $505 million, highlighting a short-term cooling in ETF demand even as ETH holds near $4,300–$4,400.
  • Cardano’s forensic audit reported no evidence of fraud in its early voucher distribution and dismissed claims of ‘genesis key’ misuse, with ADA trading near $0.80–$0.82 as traders watch the $1 level.