XRP News Today: XRP's $3.00–$3.10 Showdown: Bulls and Bears Clash Over ETF Fate

XRP has maintained a critical price level of $3.00 in recent trading sessions, supported by a technical double bottom pattern and institutional activity, while encountering persistent resistance at $3.10. The asset's price action reflects a tug-of-war between bullish accumulation and bearish pressure, with key developments in regulatory clarity and institutional adoption shaping its near-term trajectory.

According to CoinDesk Data, XRP extended gains above $3.00 on elevated volumes, driven by SBI Holdings' expansion of institutional XRP lending services and pending U.S. ETF decisions. Institutional desks have confirmed a short-term floor near $2.99, with price consolidation between $3.00–$3.05 indicating accumulation above this level. However, resistance at $3.10 has hardened, capping upside momentum as heavy turnover of 129 million tokens at that level suggests concentrated selling pressure from professional market participants.

Technical analysis underscores the significance of these levels. A double bottom formation on the 3-day chart, with support confirmed near $2.99–$3.00, has created a consolidation band above $3.00. Analysts note that a sustained close above $3.10 is required to unlock the next leg of gains toward $3.20, while a breakdown below $2.99 could trigger a retest of lower supports. Price spikes, such as a 212.6 million-token surge pushing XRP from $3.00 to $3.06, highlight institutional participation but underscore the fragility of the current rally.

Regulatory developments further complicate the outlook. The resolution of Ripple's SEC lawsuit in August 2025 and the pending approval of seven XRP ETF applications have injected optimism. Prediction markets now price approval odds above 99%, fueling speculative inflows. However, the absence of a confirmed ETF listing means XRP remains vulnerable to regulatory uncertainty. Analysts from Analytics Insight caution that while a breakout above $3.10 could target $5.00, the asset must first overcome immediate resistance to avoid a correction toward $2.84.

Market structure also reveals mixed signals. Open interest in XRP futures on the CME has surged to $1 billion, the fastest growth of any crypto contract, reflecting institutional confidence in hedging and liquidity management. Yet, on-chain metrics show XRP's daily transfer volume has declined by 70% in mid-September, signaling reduced active participation. This divergence between derivatives activity and on-chain usage raises questions about the sustainability of the current rally.

Looking ahead, traders are monitoring three key factors: (1) whether XRP can sustain closes above $3.00 and retest $3.10, (2) shifts in institutional positioning ahead of October 18 ETF decisions, and (3) the impact of SBI's lending flows on Asian liquidity trends. A failure to hold above $3.00 could reignite bearish momentum, particularly as macroeconomic risks, such as U.S. Federal Reserve policy, remain unaddressed.

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[1] XRP Gains 3% as SBI Lending and ETF Catalyst Drive Flows (https://www.coindesk.com/markets/2025/10/03/xrp-gains-3-as-sbi-lending-and-etf-catalyst-drive-flows)

[2] What's Next for XRP? 5-Year Forecast - Analytics Insight (https://www.analyticsinsight.net/xrp/xrp-news-today-what-will-happen-to-xrp-in-the-next-5-years)

[11] BlockDAG's $1M Daily Inflows Beat Ethereum, Ripple & Solana (https://bitcoinethereumnews.com/ethereum/blockdags-1m-daily-inflows-beat-ethereum-ripple-solana)