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2w ago

XRP Tests Key $2.70 Support as SEC Delays Spot ETF Decision to Oct. 24

Forecasts diverge between a breakout toward $3.7–$4 or a pullback to $2.2–$2.5, with elevated derivatives positioning sharpening event risk.

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(X)
(CoinGlass)

Overview

  • XRP is trading below the $3 mark after recent declines, with traders watching firm support near $2.70 and overhead resistance clustered around $3.00–$3.30.
  • Analyst Ali Martinez maps a bullish path that requires defending $2.70, reclaiming $2.90, and then aiming for $3.70 if momentum builds.
  • Liquidity mapping from Steph Is Crypto highlights heavy resting liquidity up to $4, suggesting a potential squeeze target if price breaks higher.
  • Chartist AlienOvichO outlines a possible Elliott Wave ‘double three’ correction that could test $2.2–$2.5 before a rebound if that zone holds.
  • Derivatives and flows signal two-way risk, with futures open interest near $2.87 billion, reported whale purchases of about 340 million XRP, a weekend re-entry of roughly 1.9 billion tokens, and Coinglass tracking $22.6 million in Sept. 1 net outflows.