TLDR
- XRP holds $3 price level with 38% monthly gains and increased trading volume
- Large holders accumulated 160 million tokens valued at $1.5 billion in 30 days
- Seven spot XRP ETF applications face October SEC decision deadlines
- Ripple seeks federal banking charter from U.S. Office of the Comptroller
- Exchange inflows of 320 million XRP create near-term selling pressure at key resistance
XRP maintains its position near $3.00 following a strong recovery in Asian trading sessions. The digital asset gained over 38% during the past month as Bitcoin’s price movement above $125,000 provided support for altcoin markets.
Trading data shows volume increased by 17% as the token consolidated below the $3.00 threshold. The price action comes as institutional players increase their positions while retail investors reduce holdings.
Blockchain analytics from Santiment and WhaleAlert tracked significant accumulation by large wallet addresses. Wallets holding between 10 million and 100 million XRP tokens added nearly 160 million coins over the past 30 days. These purchases represent approximately $1.5 billion in value at current prices.
The data reveals a 4% increase in balances among large holders during this period. Meanwhile, retail wallet addresses decreased their XRP exposure by 2%. This divergence indicates institutions and wealthy investors are buying while smaller participants take profits.
Exchange Inflows Create Resistance Challenge
On-chain monitoring services identified 320 million XRP tokens moving to exchanges over the previous week. This transfer equals roughly $950 million in potential selling pressure. Exchange wallet balances grew from 3.45 billion to 3.85 billion XRP between late September and early October.
Bulls need to absorb this supply to maintain upward momentum. Technical analysts identify the $3.12 to $3.30 range as critical resistance. A clean break above this zone could open a path toward $4.00.
The 50-day moving average currently sits at $2.93, while the 200-day moving average rose to $1.94. This alignment creates a bullish technical structure similar to patterns seen during the 2017-2018 market cycle.
ETF Applications and Banking License Pursuit
Seven spot XRP exchange-traded fund applications await Securities and Exchange Commission decisions scheduled for October. Major asset managers including BlackRock, Grayscale, and VanEck are exploring XRP investment products following the SEC’s classification of XRP as a non-security.
Market analysts estimate first-quarter inflows could exceed $5 billion if regulators approve at least one XRP ETF by early 2026. These projections use Bitcoin ETF adoption rates as a reference point.
Ripple Labs submitted documentation to the Office of the Comptroller of the Currency requesting a federal banking charter. Approval would allow the company to operate as a regulated financial institution offering custody and settlement services using XRP.
Price Targets and Technical Levels
The token trades within an ascending triangle pattern between $2.60 support and $3.25 resistance. Volume patterns show steady accumulation above the $2.80 level, suggesting institutional demand below breakout points.
The Relative Strength Index reads 54, indicating room for additional upside before reaching overbought conditions. The MACD indicator shows early signs of a bullish crossover that could support continued price appreciation.
Parabolic SAR support establishes a floor around $2.74. Traders monitor the $3.00 to $2.93 zone as crucial support that bulls must defend to prevent downside pressure toward $2.85.
Derivatives data shows open interest increased 4% to $8.9 billion, reflecting growing market participation. Age Consumed metrics suggest some long-term holders sold positions during the recent price rally.
