- XRP moves out of its multi-month range and approaches the key $1.8871 support zone.
- Chart data shows a clear downtrend with lower highs and continued pressure near $1.94.
- ETF activity increases as GXRP launch nears, while traders watch reactions at $1.8871.
XRP trades near $2.03 at the time of writing as market observers track its move out of a long consolidation range and into a familiar support zone that has triggered large reactions in past sessions. The current structure records steady downward pressure, and analysts now watch the $1.8871 region as the next technical reference.
XRP Approaches Key Support After Breaking Its Multi-Month Range
According to an analysis prepared by BitGuru, XRP rose toward $3.3499 in early July before entering a broad consolidation phase that lasted through August and September. The chart then recorded another local peak at $2.8203 in early October, and prices later formed lower highs and lower lows.
BitGuru also identifies the $1.8871 area as a familiar support zone that has produced strong reactions during earlier sessions. Price now trades near this region with continued pressure, and traders monitor whether the level becomes a reaction point if the decline continues. The chart shows XRP near $1.94 during the latest candles, and the downward arrow marks continued focus on this level.
According to CW8900, XRP trades inside a prolonged downtrend on the four-hour chart. Price moves from the $2.70 zone toward lower levels, and a recent rebound reaches resistance near $2.04. Volume shows heavier activity during declines and lighter involvement during upward retracements. CW8900 adds that the next sell wall sits near $2.6, based on historical order flow.
ETF Momentum, Market Behavior, and Wider Industry Context
The upcoming launch of Grayscale’s Spot XRP ETF (GXRP) also plays a role in current market interest. Crypto commentator Steph iscrypto shared documentation and stated that Grayscale’s Spot XRP ETF goes live on Monday and that “XRP to $5 seems fair.” Analysts note that ETF listings often increase long-term accessibility, though short-term direction depends on broader market behavior.
SoSoValue data shows steady inflows into newly approved XRP ETFs. Canary and Bitwise products record $422 million in inflows and $384 million in net assets. This level equals about 0.33% of XRP’s market cap.
The broader crypto market records a decline, yet XRP maintains robust demand from U.S. investors. Analysts now watch whether buyers react at the $1.8871 zone, as XRP moves toward a level that previously sparked strong upward moves.
