XRP News Today: XRP's $2.80 Make-or-Break Moment: Batch Amendment and Regulations Test Bullish Outlook

XRP, the digital asset powering Ripple's blockchain, faces a critical juncture as traders and analysts eye the $2.80 resistance level as a potential catalyst for a significant price move. Despite a 10% rally over the past week, an Invezz forecast shows potential for upside toward $2.80; however, the token has underperformed compared to broader cryptocurrency gains, trading at $2.61 as of press time, according to an FXStreet report. Technical indicators suggest bullish momentum, with the Relative Strength Index (RSI) at 70 and a bullish MACD crossover noted in the Invezz piece, but a breakout above $2.80 is seen as essential for XRP to retest its July 2025 high of $3.66.

The XRP Ledger's proposed Batch amendment (XLS-56) has added a layer of optimism. The update, which enables atomic transactions for NFTs and payments, has garnered 68.57% validator consensus, according to Invezz. If activated, the amendment could streamline NFT trading and enhance the blockchain's utility, potentially boosting demand for XRP. Validators argue that the all-or-nothing transaction model will reduce risks of partial failures, a key barrier to adoption.

However, XRP's path is not without hurdles. A recent 40% drop in futures open interest to $4.46 billion, noted in the FXStreet report, reflects waning retail enthusiasm, exacerbated by the October 10 deleveraging event that liquidated $19 billion in crypto assets. While institutional support remains strong — evidenced by Evernorth's $1 billion XRP treasury announcement, highlighted in a Crypto.news deep dive — the token's price has remained 27% below its 2025 peak.

Regulatory developments also shape the narrative. In a landmark ruling, India's Madras High Court recognized XRP and other cryptocurrencies as legal property, reinforcing investor rights and custodial accountability for exchanges, according to a Coinpaper report. This decision could accelerate India's crypto regulations, which have lagged behind taxation policies. Meanwhile, Hong Kong regulators have blocked at least five listed companies from pivoting to digital asset treasury models, citing concerns over inflated valuations, as Crypto.news reported. The Securities and Futures Commission (SFC) warned that premiums on DAT company shares could vanish overnight if formal regulations are introduced, according to a Coinpedia report.

Technical analysis underscores XRP's precarious position. The token clings to the 200-day EMA at $2.61, a level cited in the Invezz coverage, with a daily close above $2.69 needed to target $3.40. A failure to hold this level could trigger a correction toward $2.35. On-chain data reveals mixed signals: while 483,000 active addresses indicate sustained engagement, according to a Coinotag analysis, holder outflows have surged 2,200%, per a Yahoo Finance report, raising short-term bearish risks.

Despite these challenges, bullish scenarios remain plausible. Fibonacci projections and recurring price patterns suggest XRP could target $9.90, a 309% gain from current levels, a possibility discussed in the Coinotag analysis. Analysts point to historical parallels with 2017 and 2021 bull cycles, where XRP averaged 300% gains post-breakout. The recent stabilization above key Fibonacci levels and rising open interest, highlighted in a Coinedition analysis, further fuel optimism, though traders caution that volatility and regulatory uncertainty persist.

For XRP to capitalize on its potential, overcoming $2.80 is critical. A successful breakout could not only rekindle institutional interest but also validate the token's role in cross-border payments and NFT ecosystems. As the XRP community awaits the Batch amendment's activation and broader regulatory clarity, the coming weeks will test whether the asset can sustain its upward trajectory-or face renewed bearish pressures.