XRP Remains Above $2.90 While Markets Eye ETF Outcomes -

XRP Steadies Above $2.90 as SEC ETF Decisions Loom

XRP remained resilient above $2.90, bolstered by growing institutional buying and anticipation surrounding U.S. spot ETF approvals. Seven XRP spot ETF applications are currently pending with the SEC, with Grayscale’s filing scheduled for October 18 and other applications queued through November 14, creating a concentrated period of potential market-moving regulatory catalysts.

During the 24-hour session from September 28, 21:00 GMT, to September 29, 20:00 GMT, XRP gained 2.1%, climbing from $2.84 to $2.90 while trading within a $0.10 range, equivalent to 3.47% volatility.

Institutional Activity

Large wallets holding 10–100 million XRP accumulated over 120 million tokens in the past 72 hours. Analysts note that successful ETF approvals could act as a structural catalyst, driving broader adoption among institutional portfolios.

Price Action Highlights

XRP fluctuated between $2.84 and $2.93, with selling pressure increasing near $2.93 during the September 29, 14:00 GMT session.
The largest upward moves occurred at 02:00 and 07:00 GMT, with volumes spiking above 97 million XRP, well above the daily average of 57.4 million, confirming institutional involvement.
In the final hour, XRP advanced from $2.88 to $2.90, a 0.7% gain, with a 4.8 million token volume spike, solidifying the psychological $2.90 level as a pivot point.

Technical Levels

Resistance: $2.92–$2.93, where multiple attempts have stalled. A close above $2.93 on higher volume would indicate a potential breakout.
Support: $2.85–$2.86, consistently defended during retracements, forming a strong accumulation zone.
Psychological Pivot: $2.90 now acts as near-term support; maintaining this level could set the stage for a move toward $3.00.
Volatility: 3.47% over the 24-hour session, highlighting active institutional positioning ahead of regulatory catalysts.

What Traders Are Watching

Sustaining $2.90 as support, which could validate continuation toward $3.00.
The SEC’s October–November ETF review period, with Grayscale’s October 18 submission as the first key catalyst.
Ongoing whale accumulation, with 120 million tokens amassed over three days, suggesting potential further upside.
Broader macro conditions, including Treasury yield fluctuations and Fed policy signals, which could influence risk appetite across both crypto and traditional markets.