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1h ago

XRP Holds Near $2.80 as Whale Purchase and ETF Decision Window Draw Focus

A thin liquidity pocket below $2.73 leaves the market exposed to a faster drop.

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Xrp flashpoint: price rejected at $2.83—is a drop to $2.65 next?

Overview

  • XRP is trading around $2.79 after slipping below $2.80 earlier this week, with reported 24-hour trading volume down about 58%.
  • A single buyer acquired roughly 17.56 million XRP (about $48.9 million) on Kraken and moved the tokens off-exchange, a transfer flagged by on-chain trackers as large-whale accumulation.
  • On-chain URPD data highlights a low-support gap between $2.73 and $2.51, and analysts warn that a break of $2.73 could hasten a move toward $2.51.
  • The SEC’s approval of Generic Listing Standards on Sept. 26 sets the backdrop for six spot-XRP ETF decisions expected between Oct. 18 and Oct. 25, including filings from Grayscale, 21Shares, Bitwise, CoinShares, Canary Capital and WisdomTree.
  • Prediction market data from Kalshi shows a modest uptick in contracts pricing an XRP move to $5 before year-end as traders weigh the $2.70–$2.80 consolidation against upcoming regulatory catalysts.