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37m ago

XRP Holds Near $2.85 as ETF Rulings Near and $2.75 Support Comes Into Focus

On-chain metrics point to demand at $2.75, steeply lower volume, a $2.73–$2.51 support void.

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Overview

  • XRP is consolidating around $2.83–$2.87 after a September pullback, with a recovery attempt facing resistance at $2.88–$2.92 and breakout targets cited around $3.00–$3.62.
  • The SEC’s review window for multiple spot XRP ETF applications runs October 18–25, covering issuers such as Grayscale, 21Shares, Bitwise, CoinShares, and WisdomTree.
  • Daily trading volume has slumped roughly 58% to about $2.8–$3.0 billion as price action compresses in a $2.70–$2.90 range.
  • Glassnode data shows a large demand cluster near $2.75 where about 1.58 billion XRP were acquired, while on-chain trackers flagged a 17,555,420 XRP purchase on Kraken that was moved to an external wallet.
  • Analysts warn that losing $2.73 could see a swift move toward $2.51 due to a low-activity price gap, making $2.80–$2.75 a critical support area ahead of the ETF decisions.