Overview

• XRP traded around $2.95–$2.98 after a roughly 5% 24‑hour rise, with spot volume up about 30–37% and open interest higher, according to Coinglass.
• Large wallets accumulated about 250 million XRP (roughly $740 million) in 48 hours, derivatives positioning skewed long on major venues, and VivoPower disclosed a $19 million raise to expand its XRP treasury.
• Japan’s SBI launched an institutional lending program for XRP focused on large‑scale payments, which reports linked to higher regional liquidity and fresh buying.
• Seven spot XRP ETF applications enter an SEC decision window beginning October 18, a potential catalyst that traders are monitoring without assuming outcomes.
• Analysts highlight $2.58–$2.79 as key supports and $3.00 as near‑term resistance, with warnings that a breakdown could target ~$2.33 even as others outline bullish scenarios.