Karla Barker 
XRP reclaims key $3 level after weekend volatility
XRP managed to push back above the important $3.00 mark during early Sunday trading in Asia, reversing the previous day’s decline that had taken the token down to around $2.95. The recovery came after what appeared to be a significant sell-off that cleared out many leveraged long positions, creating space for bargain hunters and larger investors to step in.
I think the $3.10 to $3.30 range is becoming particularly important now. That’s where traders seem to be focusing their attention, with many looking for a potential breakout that could push XRP toward the $4.00 to $4.20 territory. It’s interesting how quickly sentiment can shift in these markets.
Market context and institutional developments
There are several factors in the background that traders are watching closely. The seven active XRP ETF filings have October decision windows approaching, and many market participants view these as potentially significant events for fourth-quarter price action. The timing seems to be creating some anticipation.
Meanwhile, Ripple’s partnership with SBI in Japan appears to be deepening, with the Japanese firm expanding its lending program tied to XRP last week. This kind of institutional integration story seems to be gaining traction in Asian markets, though it’s hard to say how much immediate price impact it has.
The broader crypto market remains quite volatile after experiencing around $1.7 billion in derivatives liquidations recently. Despite this turbulence, XRP wallet inflows exceeded 160 million tokens over the past week, which suggests some underlying accumulation is happening.
Technical picture and trader positioning
From a technical standpoint, the recent price action has been quite telling. The rejection at $3.03 on October 4 established near-term resistance, while the subsequent drop to $2.95 came on volume that was about three times the average. That kind of volume often signals meaningful market moves.
The stabilization around $2.96 to $2.97 set the stage for the recovery we’re seeing now. With XRP pushing decisively through $3.00 again, that level appears to be flipping back into support territory.
Traders are now watching the $3.30 level as the next significant test. If that breaks, many are looking toward $4.00 and beyond as potential targets. The higher-timeframe chart patterns some analysts are discussing suggest that if $3.30 clears, we could see moves toward $4.20 to $4.80.
What comes next for XRP
The key questions traders are asking now are whether XRP can maintain closes above $3.00 and build a solid base for a potential run toward $3.30 to $3.50. The SEC’s October 18 ETF decision window is creating some anticipation, with potential spillover effects into other altcoin ETF approvals.
Whale wallet flows and changes in on-exchange reserves will likely continue to be important positioning drivers. And the broader macroeconomic backdrop, including the Federal Reserve’s recent dovish pivot and Asian liquidity flows, seems to be shaping overall risk appetite in the crypto space.
It’s worth noting that momentum indicators like RSI sitting in the mid-50s suggest a neutral-to-bullish bias, while MACD appears to be trending toward a potential bullish crossover. But these technical signals are just one piece of the puzzle in such a dynamic market environment.