Overview

• XRP is consolidating around $3.01–$3.03 after a run to $3.50, with recent trading showing muted follow-through despite broader crypto gains.
• Derivatives positioning skews bearish, with roughly $1.16 billion in shorts versus $519 million in longs, raising the risk of near-term volatility.
• Franklin Templeton, WisdomTree, 21Shares, and Grayscale have submitted amended spot XRP ETF applications, and analysts put approval odds near 95–98% with decisions expected by late October; JPMorgan sees up to $8 billion of first-year inflows if approved.
• The settlement sets a $125 million penalty and affirms XRP is not a security in secondary-market transactions, removing a long-standing regulatory overhang.
• Key levels to watch include support near $2.96–$3.00 and resistance at $3.10, $3.50, and $3.66, with some analysts projecting $7–$8 targets if a decisive breakout follows any approval.