Overview

• XRP traded near $2.95 on Wednesday after dipping to about $2.70 earlier in the week, with $3.00 continuing to cap rebounds.
• Chart watchers highlight a triangle and descending trendline, with support clustered at $2.70–$2.80 and recovery signals seen only on sustained moves through $3.10–$3.35.
• Market data show heavy liquidations during the pullback and elevated volatility, as broader crypto sentiment tracks Bitcoin’s choppy action around $113,000.
• The next key event is the SEC’s spot‑XRP ETF decision window in mid to late October, with final deadlines reported between October 18 and 25 and a final wave of amendment filings expected this week, according to Nate Geraci.
• Institutional signals remain in focus, including the U.S.-listed XRPR ETF’s $37.7 million first‑day volume and new XRPL products such as mXRP, even as short‑term technicals lean cautious.