Overview

• XRP is trading around $2.75–$2.83 with $2.70–$2.80 flagged as crucial support, as technicians note a double‑bottom base, a symmetrical triangle, and fresh buy signals.
• On‑chain trackers report roughly 340 million XRP accumulated in the past two weeks with about $268 million pulled from exchanges, tightening tradable supply as derivatives positioning rises.
• Amplify Investments filed for an XRP‑based option‑income ETF that would hold primarily XRP‑linked instruments and list on Cboe BZX, signaling expanding product designs.
• A wave of amended S‑1s from major issuers in late August set mid‑to‑late October as the next key window, and prediction markets put 2025 U.S. spot ETF approval odds near the high‑80s percent.
• Broader markets firmed with Bitcoin near $110,000–$111,000 as traders price in a potential September Fed rate cut, though seasonally weak September and upcoming U.S. jobs data keep risks elevated.