Overview

• XRP failed to sustain a move above $2.88–$2.89, slid about 4%, then stabilized in the $2.81–$2.83 area to extend a 47‑day consolidation below $3.00.
• Traders are watching $2.77–$2.81 as key support and eyeing $3.00 and a $3.30 breakout threshold that could reset the near‑term trend.
• Multiple spot‑XRP ETF applications face SEC decisions in October, with reports differing on the count (six versus 15), and potential approvals seen as a conduit for institutional inflows.
• On‑chain dynamics show whale buying of roughly 340 million XRP in recent weeks against exchange balances still above 3.5 billion tokens, highlighting latent supply risk.
• Macro backdrop tilts cautiously supportive after softer U.S. jobs data boosted expectations for Fed rate cuts, while some analysts also flag bullish chart setups contingent on supports holding.