XRP Maintains $2.90 Support as ETF Approvals Draw Near

XRP Steadies Above $2.90 Ahead of SEC ETF Decisions

XRP held above the $2.90 level, supported by institutional buying and anticipation of upcoming U.S. spot ETF approvals. Seven XRP ETF applications remain under review with the SEC, including Grayscale’s filing on October 18, with others scheduled through November 14, creating a concentrated window of potential market-moving catalysts.

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

Institutional Accumulation

Whale wallets holding 10–100 million XRP accumulated more than 120 million tokens over the past 72 hours. Analysts suggest that ETF approvals could serve as a structural driver, boosting XRP adoption among institutional investors.

Price Action Summary

XRP fluctuated between $2.84 and $2.93, with selling pressure intensifying near $2.93.
Significant upward moves occurred at 02:00 and 07:00 GMT, with trading volumes surpassing 97 million XRP, exceeding the daily average of 57.4 million, highlighting institutional activity.
In the final hour, XRP rose from $2.88 to $2.90, with a 4.8 million token volume spike, reinforcing the psychological $2.90 pivot.

Technical Levels

Resistance: $2.92–$2.93, requiring a close above $2.93 on strong volume for breakout confirmation.
Support: $2.85–$2.86, repeatedly defended and forming a key accumulation zone.
Psychological Pivot: $2.90, now acting as near-term support; holding this level could pave the way toward $3.00.
Volatility: 3.47% over the session, reflecting elevated institutional repositioning around regulatory catalysts.

Traders’ Focus

Whether XRP can hold $2.90 as support, signaling continuation toward $3.00.
SEC’s October–November ETF review window, with Grayscale’s October 18 submission marking the first major catalyst.
Whale wallet activity, with 120 million XRP accumulated, indicating potential for further upside.
Macro factors, including Treasury yields and Fed policy signals, influencing risk appetite across crypto and traditional markets.