XRP is strongly holding the support around $2.7 as investors get ready for SEC’s final decision on spot ETFs.
By Parth Dubey
Editor Julia Sakovich
Updated
3 mins read
XRP XRP $2.86 24h volatility: 3.1% Market cap: $171.10 B Vol. 24h: $3.92 B is showing impressive resilience against sellers, trading near the $2.86 mark with a 3% daily gain on Sept. 29. Market watcher Ali Martinez noted that the cryptocurrency has tested the $2.70 support level five times since August without breaking lower.
Support is holding! $XRP could bounce to $3 or even $3.15. pic.twitter.com/yUSEWr28nA
— Ali (@ali_charts) September 28, 2025
After dipping to that level on Sept. 26, XRP has quickly rebounded. It has recently added roughly $10 billion in market capitalization while trading volume spiked 26% over 24 hours.
This investor excitement comes as the US Securities and Exchange Commission approaches key deadlines for several spot XRP ETF applications. The first decision date, covering Grayscale’s proposal, arrives on Oct. 18, followed by 21Shares, Bitwise, Canary Capital, and WisdomTree in the days after.
Approval of any of these funds would mark a major step in the institutional adoption of XRP. The Coin Bureau observed on X that large XRP holders, called “whales,” are aggressively accumulating tokens.
🚨XRP WHALES ARE BUYING LIKE NEVER BEFORE!
Whale wallets are scooping up $XRP at record pace — the most aggressive accumulation in XRP’s history. pic.twitter.com/glQtdrveyk
— Coin Bureau (@coinbureau) September 28, 2025
The pace of buying is the most intense in XRP’s history, suggesting confidence ahead of potential ETF approvals.
On the daily chart, the XRP price is just below Bollinger Bands’ mid-line (20-day SMA) around $2.95. With the upper band near $3.17 and the lower band around $2.73, the current squeeze hints at an impending breakout.
A close above $2.95, would lead to $3.15 and possibly $3.30 if buying accelerates.
XRP price chart with RSI and Bollinger Bands | Source: TradingView
Meanwhile, the RSI sits around 47, reflecting neutral momentum. A further push would strengthen the bullish case for XRP, while a dip under 40 could signal renewed selling pressure.
It is important to note that September trading on Binance was largely controlled by sellers, with brief bursts of buying too weak to change the overall direction.
XRP: Taker Buy Sell ratio on Binance | Source: CryptoQuant
A meaningful reversal would need sustained weekly close above the $2.70 support. Otherwise, a deeper pullback toward $2.40 cannot be ignored.
As XRP continues to defend its key support, a newcomer, Snorter Bot (SNORT) is quietly drawing attention. This Telegram-based crypto trading assistant mixes the viral energy of meme coins with practical on-chain trading tools, aiming to streamline how traders manage tokens.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
