XRP Hovers Above Off Key Support as ETF Hopes and Leadership Shifts Shape Outlook
XRP has rebounded from a crucial support zone near $2.70 as optimism over fast-tracked ETF approvals offsets concerns around leadership changes and rising exchange reserves. With resistance around $3.20 in focus, traders are watching whether momentum can carry into Q4.
XRP bounces off support zone
XRP has remained one of the more closely watched digital assets lately, as a mix of regulatory signals, exchange-traded fund (ETF) speculation, and technical pressure shape its near-term trajectory.
Mid-September marked a turning point in the ETF narrative, with issuers submitting withdrawal notices for 19b-4 filings as the SEC’s newly launched Generic Listing Standards (GLS) promise to fast-track crypto-spot ETF approvals.
That shift has reinvigorated hope among XRP holders that a spot ETF could be approved imminently, unlocking access for institutional capital flows into the token.
In recent sessions Ripple’s CTO David Schwartz announced his resignation from day-to-day operational duties, a surprising change at a time when leadership stability is often prized by investors.
Meanwhile, the token’s exchange reserves have also spiked, hinting that more XRP is being allocated to exchanges where it could be sold.
Beyond the immediate hills and valleys of price action, XRP hit a significant milestone: it registered its third strongest quarterly close, raising expectations that momentum could extend into the fourth quarter (Q4) with renewed conviction.
While the broader crypto market has wrestled with deleveraging and volatile sentiment over recent days, XRP’s blend of regulatory advances, leadership shifts, and on-chain dynamics place it in a delicate but potentially pivotal position.
If XRP can defend its major $2.7284-to-$2.7003 support zone and break decisively above resistance at $3.1263-to-$3.1877 while fresh ETF inflows arrive, the price could spring higher.
On the other hand, a failure to hold support or signs of stalled momentum would raise the risk of renewed downside. In this environment, investors are legitimately watching not just the technicals, but also the regulatory filings, leadership noise, and how institutional flows may tilt the balance.
XRP bearish case:
Were XRP to fall through the major $2.7284-to-$2.7003 August-to-September support zone on a daily chart closing basis, the May peak at $2.6542 may be reached.
The mid-March high at $2.5878 and the 200-day simple moving average (SMA) at $2.5564 may also be hit in this case.
XRP bullish case:
Were XRP to rise above this week's high at $2.9296, the 24 September high at $2.9964 may be touched ahead of the July-to-October downtrend line at $3.0344.
Were it to be exceeded, the $3.1000-to-$3.2000 region may be in sight.
Were these levels to be overcome as well, the late July-to-August highs at $3.3306-to-$3.3826 would likely be next in line.
XRP daily candlestick chart
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