XRP News Today: XRP's $3.00 Crossroads: ETF Momentum Challenges Technical Resistance

XRP is trading near $3.00 following a failed attempt to break through $3.10, a level that has acted as a critical resistance zone. The price has formed a double-bottom pattern, pushing above $3.00 before encountering selling pressure at $3.10. Technical analysts emphasize that the $3.00 level is now a short-term pivot point: sustained support here could propel XRP toward $3.30–$3.50, while a breakdown risks a pullback to $2.90–$2.80. Market data from Coingecko shows XRP trading at $3.00 with weekly gains of 7.6%, a 24-hour range of $2.99–$3.09, and a market cap of $179 billion, underscoring sustained liquidity and interest XRP Near $3 After $3.10 Rejection as ETF Momentum and One …^[1].

Institutional demand for XRP has gained momentum, driven by recent ETF developments. The newly launched XRPR ETF holds $77.6 million in assets, signaling early institutional participation and macro sentiment support for the asset. Analysts note that spot XRP ETF filings under review and inflows into existing products are key tailwinds for price discovery. This institutional adoption aligns with broader altcoin rotation, as Bitcoin's strength above $123,000 has spurred momentum in XRP's favor XRP Near $3 After $3.10 Rejection as ETF Momentum and One …^[1]. On-chain observers highlight that XRP remains above the one-week 50 EMA at $2.77, a critical technical threshold for maintaining bullish momentum XRP Near $3 After $3.10 Rejection as ETF Momentum and One …^[1].

Short-term technical indicators remain cautiously constructive. The weekly RSI at 54 suggests neutrality, while the 50 EMA provides a floor for further gains. BitGuru analysts caution that volume will be a critical confirmation metric, noting, "Price action around the $3.00 zone will decide whether bulls regain control or sellers push it lower" XRP Near $3 After $3.10 Rejection as ETF Momentum and One …^[1]. Higher lows observed in recent price action indicate steady accumulation, but traders must monitor volume to validate any breakout. The 1W 50 EMA at $2.77 remains a key support level, and a sustained close above this threshold reinforces the case for an upward trajectory XRP Near $3 After $3.10 Rejection as ETF Momentum and One …^[1].

Market structure analysis reveals a tight consolidation phase for XRP, with the 50 EMA trending upward and providing dynamic support. A breakout above $3.10 would align with Fibonacci extension targets, though immediate resistance remains sticky. Analysts at TheCurrencyAnalytics note that failure to reclaim $3.10 could lead to a test of $2.90–$2.80 support, with further breakdowns risking a retest of the 200-day EMA at $2.62 . On-chain data from Coinglass shows $18.03 million in net outflows as traders shift XRP into cold wallets, reducing immediate sell pressure and heightening sensitivity to a breakout .

The interplay between ETF momentum and technical levels is shaping XRP's near-term outlook. With the SEC's first rulings on spot XRP ETFs due on October 18, regulatory clarity remains a key catalyst. Institutional inflows, combined with XRP's position above the 50 EMA and weekly gains, suggest a constructive bias for the asset. However, analysts stress that volume and weekly EMA alignment must confirm the bullish case. A decisive close above $3.10 with strong volume would open the path to $3.30–$3.50, while a breakdown below $3.00 could trigger a retest of lower supports XRP Near $3 After $3.10 Rejection as ETF Momentum and One …^[1].