XRP Tops $3, Traders Target $4 After Bitcoin Hits Fresh Highs

XRP Reclaims $3 as Traders Eye Breakout Toward $4

XRP surged back above the $3.00 mark in early Sunday Asia trading, reversing Saturday’s dip to $2.95. The recovery followed a high-volume flushout that cleared leveraged positions, drawing in bargain buyers and whales. Traders now see the $3.10–$3.30 range as a key battleground, with potential breakout targets of $4.00–$4.20.

Drivers Behind the Move

• ETF filings: Seven XRP ETFs remain under review, with October decision windows viewed as pivotal for Q4 price action.
• Institutional adoption: Ripple’s Japanese partner SBI expanded its XRP lending program, strengthening institutional integration narratives in Asia.
• Market context: Despite $1.7 billion in derivatives liquidations, XRP wallets recorded inflows exceeding 160 million tokens last week.

Price Action Recap

• XRP faced resistance at $3.03 on Oct. 4.
• The token briefly dropped to $2.95 on 122M volume, three times the average, before stabilizing at $2.96–$2.97.
• By Sunday morning, XRP reclaimed $3.00, turning it into support.
• Traders are eyeing $3.30 as the next resistance, with breakout potential above $4.00.

Technical Insights

• Support: $2.95–$3.00 reinforced by high-volume accumulation.
• Resistance: $3.03 short-term cap; $3.30 breakout zone.
• Trend: Inverse head-and-shoulders pattern intact; $4.20–$4.80 possible if $3.30 clears.
• Volume & Momentum: Flushout volume at 122M shows strong rotation, with Asian session whale accumulation. RSI mid-50s signals neutral-to-bullish bias; MACD trending bullish.

Key Factors for Traders

• Sustaining closes above $3.00 to build toward $3.30–$3.50.
• Upcoming SEC ETF decisions on October 18 and their impact on altcoins.
• Whale wallet flows and on-exchange reserves as positioning signals.
• Macro trends: Fed dovish stance and Asian liquidity influencing risk appetite.