XRP Price Holds at $2.85 Amid ETF Speculation and Market Caution

XRP maintained stability at $2.85 after a volatile trading session that saw the token surge to $2.91 before facing heavy profit-taking. The price action highlighted both bullish interest and resistance, with traders closely monitoring whether XRP can break through the psychological $3.00 level in the coming sessions.

During early trading, aggressive buying pushed XRP to $2.91 on nearly 50 million in volume, but sell pressure quickly dragged the price back to the $2.82–$2.84 zone. Buyers defended this support range, allowing XRP to consolidate around $2.85 by the close. Turnover exceeded the 24-hour average of 56.8 million before tapering to just under 5 million in late trading, suggesting reduced conviction among participants. Technical indicators showed bearish divergences, and reserves on Binance rose by 19%, raising questions about whether inflows are translating into actual demand or simply sell-side liquidity.

Market analysts cautioned that XRP’s ability to reclaim $2.91 and sustain above $3.00 will be pivotal in determining near-term momentum. Resistance remains firm at $2.91, while repeated buy spikes confirmed support between $2.82 and $2.84. Late-session stability pointed to reduced selling pressure, though algorithmic buying patterns signaled only modest confidence.

Beyond technical dynamics, regulatory scrutiny has sharpened. Reports noted the absence of corporate buy orders on Binance, despite rising reserves, fueling concerns about institutional participation. Meanwhile, macroeconomic sentiment may offer some relief, as the Federal Reserve’s dovish stance on interest rates has positioned crypto assets for potential inflows into Q4.

With more than $6 billion in inflows over two days driven by treasury adoption and speculative bets, XRP’s outlook remains closely tied to whether it can break above the $3.00 mark. Until then, traders are advised to remain cautious amid the mix of algorithm-driven buying, elevated reserves, and mounting regulatory oversight.