XRP increased to $ 3.0 in a duplicate turnover before fading in consolidation, and whales download more than $ 300 million as institutional desks were repositioned before a fundamental Fed decision.
The $ 2.99 floor remained in repeated defenses, leaving a box price between $ 2.99 and $ 3.0, while ETF deadlines and fees speculation.
News history
XRP earned 3% in 24 hours to October 7, quoting between $ 2.97 and $ 3.0 before closing about $ 2.99. The measure was driven by an increase in institutional flows, more than 1.5b of transacted tokens, and provisions of whales exceeding $ 300 million.
Macro catalysts dominated the feeling. The markets now have a 96% price of a Fed rate cut on October 29, while more than 70 ETF applications, including seven for XRP, face the SEC terms as of October 19.
Summary of the price action
- The XRP session range covered $ 0.08 (3%), from $ 2.97 minimum to $ 3.0 high.
- The afternoon rally raised the price of $ 3.00 to $ 3.04 in the turnover of 137m, almost 2 times the daily average.
- Repeated rejection at $ 3.04– $ 3.05 confirmed resistance.
- The price consolidated around $ 2.99, where buyers intervened several times.
- A late discharge was absorbed at $ 2,981, with volume peaks of 2.2m creating a short -term floor.
Technical analysis
The resistance remains rooted at $ 3.04– $ 3.05, where the heavy sale limited the progress. The support is validated at $ 2.99, reinforced by multiple reestimations and absorption of intradic settlement flows. The price structure suggests accumulation in the base of $ 2.99, with continuous potential for progress if the impulse can recover $ 3.03 and challenge $ 3.05. The rupture through this resistance could establish objectives for $ 3.10, although Macro catalysts remain the dominant driver.
What operators are seeing?
- If $ 2.99 remains a firm support base under a distribution of continuous whales.
- If the institutional positioning maintains the impulse in the ETF deadlines of October 19.
- Market reaction to Fed policy signals: a cut could raise flows through risk assets.
- Confirmation of a break above $ 3.0 to unlock the next section to $ 3.10– $ 3.12.
