Overview

• XRP is trading near $2.78 after losing the $2.80 level, with recent reports showing roughly a 58% drop in daily volume.
• Analysts warn that a break below $2.73 could accelerate a move toward $2.51 due to a URPD price gap, with the 200-day SMA around $2.54 offering secondary support.
• The SEC is scheduled to rule on six U.S. spot-XRP ETF applications between October 18 and 25, including proposals from Grayscale, 21Shares, Bitwise, CoinShares, Canary Capital and WisdomTree.
• Views are split as some chartists cite rare multi-timeframe bullish setups and a historical 21-week EMA signal pointing to targets from $5 to $17–$33, while others note a weekly RSI bearish divergence that has already aligned with a roughly 27% pullback.
• On-chain trackers report accumulation by wallets holding 1 million to 10 million XRP to about 6.77 billion tokens, tightening available supply but leaving downside risks intact.