Overview

• XRP is confined to a $3.00–$3.07 band after a Sept. 11 push that lifted volume to roughly four times average and capped gains near $3.07.
• Futures open interest rose to about $8.36 billion and call options outnumber puts 3-to-1 around $3.00–$3.50 strikes, pointing to a bullish tilt into expiries.
• Exchange reserves sit at 12‑month highs following roughly 670 million XRP sent to trading venues in early September, raising distribution risk.
• Ripple’s expanded partnership with BBVA delivers regulated digital asset custody under MiCA, adding institutional support as XRP Ledger DeFi activity softens.
• Traders are watching resistance at $3.05–$3.07 and support near $2.98 (with $2.89–$2.92 below) into October ETF dates, with any move toward $3.20 seen as dependent on a confirmed breakout.