Overview

• XRP traded in a tight $2.54–$2.66 band, with $2.55 repeatedly defended and $2.65–$2.66 rejected, as volume spikes on dips suggested institutional buying interest.
• A 23.9 million XRP (~$63 million) transfer to Binance coincided with renewed selling near resistance, with open interest around $1.36 billion and price hovering below the 200‑day moving average near $2.63.
• On‑chain SOPR fell to 0.95, a six‑month low that analysts say often marks capitulation, with one projection targeting $3.10–$3.35 if a typical rebound plays out.
• Technicians flag $2.60–$2.65 as the immediate battleground, with subsequent hurdles near $2.85 and $3.13–$3.44, and several chartists point to a decisive breakout case only on a sustained move above $3.20.
• Institutional signals include CME’s launch of XRP options on Oct. 13, the Ripple USD stablecoin nearing an $840 million market cap, and a launched XRPR ETF at about $90 million in assets, which observers say could support demand if momentum builds.