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2h ago

XRP Reclaims $3 as Breakout Traders Focus on $3.70 Neckline

An October ETF decision window plus Ripple’s OCC license bid are viewed as potential catalysts.

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Overview

  • XRP hovered near $3.00 on Oct. 5 after retaking the level during Asian trading, with buying interest returning after a leverage flush.
  • Analysts highlight resistance at $3.10–$3.30 and a head-and-shoulders neckline around $3.70 as the key trigger for a potential advance toward $4.00–$4.80.
  • CoinGlass reported a 4% rise in open interest to $8.9 billion as on-chain data showed whale accumulation and recent exchange inflows exceeding 160 million XRP.
  • Attention is on a U.S. spot XRP ETF review window in October, with multiple applications under SEC consideration and outcomes framed as a binary market driver.
  • Separate coverage notes speculation around Ripple’s OCC banking license application, which, if approved, could provide direct U.S. banking access and support liquidity use cases.