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XRP Holds Near $2.87 as Breakout Bets Rise and Chainalysis Extends XRPL Coverage

The $2.80–$3.00 band now tests buying strength following compliance upgrades that improve ETF optics.

Overview

  • XRP trades in a tight range near $2.87, with resistance at $2.90–$2.95 and support at $2.80–$2.85 as RSI and MACD lean bullish for a potential push toward $3.00.
  • Chainalysis expanded analytics for the XRP Ledger, adding automatic recognition for 260,000+ tokens and enabling KYT alerts, entity screening, and Reactor investigations.
  • XRPL’s on‑chain credentials amendment activated on September 4, introducing native KYC/AML tooling that lowers onboarding friction for institutions.
  • Speculation around U.S. spot‑XRP ETFs intensifies ahead of October review windows, with ETF commentators forecasting strong demand if approvals materialize.
  • Analysts flag a one‑year high in XRP exchange reserves as a near‑term risk for selling pressure, while sponsored promotions for a rival payments token draw investor attention.