Overview
- XRP is consolidating around $2.70–$2.86 with $2.72–$2.80 flagged as critical support and resistance forming near $2.81–$2.85.
- Blockchain trackers recorded a 17.56 million XRP purchase via Kraken worth about $48.9 million, interpreted as accumulation by a large holder.
- URPD analysis highlights a low‑volume band between $2.73 and $2.51, raising the risk of a fast drop toward $2.51 if $2.73 gives way.
- The SEC approved generic listing standards for crypto ETFs on Sept. 26, and decisions on six spot XRP ETF applications are expected Oct. 18–25 after the REX‑Osprey ETF debut saw heavy volume and profit‑taking.
- Technical views diverge, with scenarios ranging from a breakout toward $3–$3.60 on a hold and push above nearby resistance to downside targets near $2.00 if key support fails.