XRP Surges Above $3, Traders Eye Move to $4, on Fresh Bitcoin Highs

XRP pushed backmost implicit the intelligence $3.00 level successful aboriginal Sunday Asia trade, reversing Saturday’s breakdown that saw the token deed lows adjacent $2.95. The rebound followed a heavy-volume flushout that cleared leveraged longs, with bargain hunters and whales stepping successful aggressively. Traders present presumption the $3.10–$3.30 scope arsenic the cardinal battleground, with breakout projections targeting $4.00–$4.20.

News Background

• XRP ETF filings — 7 inactive unrecorded — transportation October determination windows that traders framework arsenic “binary” events for Q4 terms action.
• Ripple’s Japanese spouse SBI deepened its lending programme tied to XRP past week, fueling organization integration narratives successful Asia.
• Broader crypto markets stay volatile aft $1.7 cardinal successful derivatives liquidations, though inflows into XRP wallets exceeded 160 cardinal tokens successful the past week.

Price Action Summary

• Rejection astatine $3.03 connected October 4 confirmed near-term resistance.
• Breakdown to $2.95 betwixt 13:00–15:00 came connected 122M measurement — 3x average.
• Closing stabilization astatine $2.96–$2.97 acceptable the signifier for Asia-session recovery.
• By Sunday morning, XRP pushed decisively done $3.00, flipping the level backmost into support.
• Momentum traders are present flagging $3.30 arsenic the adjacent test, with $4.00+ arsenic the breakout projection.

Technical Analysis

• Support: Fresh basal astatine $2.95–$3.00 defended by high-volume accumulation.
• Resistance: $3.03 short-term cap, with breakout portion identified astatine $3.30.
• Trend: Higher-timeframe inverse head-and-shoulders signifier intact, eyeing $4.20–$4.80 if $3.30 clears.
• Volume: Flushout volumes astatine 122M awesome beardown rotation, portion Asian hours amusement renewed whale accumulation.
• Momentum: RSI mid-50s suggests neutral-to-bullish bias; MACD trending toward bullish crossover.

What Traders Are Watching

• Can XRP prolong closes supra $3.00 and physique a basal for a tally astatine $3.30–$3.50?
• SEC’s October 18 ETF determination model and spillover into altcoin ETF approvals.
• Whale wallet flows and on-exchange reserve changes arsenic positioning drivers.
• Macro backdrop: Fed’s dovish pivot and Asian liquidity flows shaping hazard appetite.