XRP Bulls Aim for $3.10: Market Signals Point to Upward Move

XRP held strong support at $2.99 after multiple tests, trading in a tight $2.99–$3.05 range as investors monitor upcoming SEC ETF deadlines and Fed policy developments.

The token briefly spiked to $3.05 on doubled trading volume before easing into consolidation. Whale wallets offloaded more than $300 million, while institutional desks adjusted positions ahead of key macro events.

Market Context
Over the past 24 hours, XRP rose roughly 3%, trading between $2.97 and $3.05. Institutional flows exceeded 1.5 billion tokens, reflecting heightened positioning ahead of pivotal catalysts. Markets currently price a 96% chance of a Fed rate cut on Oct. 29, while over 70 ETF applications—including seven for XRP—face SEC review starting Oct. 19.

Technical Analysis

• Support: $2.99, repeatedly defended by buyers and whale activity.
• Resistance: $3.04–$3.05, where heavy selling has capped gains.
• Upside Potential: A sustained move above $3.05 could target $3.10–$3.12.

Accumulation at the $2.99 base suggests bullish momentum may be building, though macro catalysts remain the key driver for the next leg higher.