- XRP holds $2.70–$2.75 support with consolidation near $2.90 and resistance at $3.00–$3.15.
- Analysts cite an inverse head and shoulders pattern targeting $3.15, with $3.30–$3.70 as next objectives.
- Institutional interest grows as ETF reviews and SBI’s $XRP lending program boost demand and liquidity.
XRP is holding a strong support base around the $2.70–$2.75 range after repeated tests in recent weeks. At the time of writing, XRP was trading at $2.98 with a market capitalization of $175.8 billion. Daily trading volume reached nearly $6.58 billion, confirming steady market activity as buyers continue to defend key levels.
Technical Structure and Resistance Levels
According to analysis prepared by Ali Charts, XRP price movements have shown resilience across the four-hour chart. The asset has maintained its structure above $2.70, where multiple rebounds occurred during late August and September. This support zone has become a critical level, preventing declines toward the broader low near $2.62.
Resistance is clearly defined between $3.00 and $3.15. The chart shows repeated failures to break this level, with each attempt leading to reversals. However, the most recent movements indicate consolidation near $2.90 and potential preparation for another test higher.
Analyst Kamran Asghar observed that “an inverse head and shoulders on XRP is playing out perfectly.” He noted that the neckline at $2.95 has already broken, and the structure now targets the $3.15 resistance. Earlier trading activity also shows higher levels near $3.30 and $3.70 remain longer-term objectives if bullish continuation occurs.
Institutional Activity and Market Outlook
Institutional participation is building momentum for XRP. According to Bloomberg ETF analyst Eric Balchunas, approvals for altcoin ETFs are now considered certain. Seven XRP ETF applications are under SEC review, with a decision window opening on October 18, 2025. Approval could draw institutional inflows, increase liquidity, and push price action above immediate resistance zones.
Additional demand came from Japan’s SBI, which launched an institutional lending program for XRP. The company reported that the program is aimed at supporting payment solutions at scale. Following the announcement, XRP trading volume surged to 164.5 million tokens in 24 hours, more than double the average.
As long as support at $2.70 holds, analysts believe XRP has conditions in place for a bounce toward $3.00–$3.15. Breaks above this level may open the path to $3.30 and higher resistance targets.
