XRP pushed back the psychological level of $ 3.00 early in the Asian Sunday trade, reversing the devastation of Saturday to see tokens hit lows near $ 2.95. The rebound followed a heavy flushout volume that cleared the leveraged longs, with bargain hunters and aggressive whales. Entrepreneurs are now viewing the $ 3.10- $ 3.30 range as the main battlefield, with breakout projections targeting $ 4.00- $ 4.20.
News background
• Filings of XRP ETF – still seven live – bring October decision windows that entrepreneurs outline as “binary” events for Q4 price action.
• Ripple’s Japanese partner SBI deepened the lending program tied to the XRP last week, the fuel of the narratives of the Asian institution integration in Asia.
• The broader crypto markets remain a mental change after $ 1.7 billion in liquid derivatives, even though the flowers in XRP wallets exceed 160 million tokens over the past week.
Summary of price action
• Decline at $ 3.03 on October 4 confirmed near-term resistance.
• Falling at $ 2.95 between 13: 00–15: 00 comes in volume of 122m – 3x average.
• Closing stabilization at $ 2.96– $ 2.97 set a stage for recovery in the Asian session.
• By Sunday morning, XRP pushed precisely by $ 3.00, which would return the support level.
• Momentum entrepreneurs now furnished $ 3.30 as the next test, with $ 4.00+ as a breakout projection.
Technical analysis
• Support: fresh base of $ 2.95- $ 3.00 defended by high-volume accumulation.
• Resistance: $ 3.03 short-term cap, with a breakout zone identified at $ 3.30.
• Trend: The higher timeframe opposite head-and-shoulders pattern is intact, looking at $ 4.20- $ 4.80 if the clearing is $ 3.30.
• Volume: Flushout quantities at 122m signal strong rotation, while Asian times show the updated whale accumulation.
• Momentum: RSI mid-50s suggest neutral-to-bullish bias; MacD trending towards the bullish crossover.
What do entrepreneurs watch
• Can XRP maintain over $ 3.00 and build a base for a running at $ 3.30- $ 3.50?
• The October 18 decision window of the SEC and the approval of the Altcoin ETF approval.
• The whale wallet flows and reserves reserves as positions of positioning.
• Macro Backdrop: Fed and Asian dovish pivot flows in shaping the appetite.
