- XRP rose 2.1% in a 24-hour period, moving from $2.84 to $2.90.
- Large institutional investors accumulated more than 120 million XRP tokens in three days.
- Seven XRP spot ETF applications are currently waiting for approval from the U.S. Securities and Exchange Commission.
- XRP trading volumes surged, with peak activity during two separate rally phases.
- Traders are closely watching for a sustained price above $2.90 and upcoming regulatory decisions.
XRP increased 2.1% between September 28 at 9:00 p.m. and September 29 at 8:00 p.m. UTC, as the token’s price climbed from $2.84 to $2.90 within a day. The cryptocurrency traded inside a $0.10 range and experienced 3.47% volatility during this window, according to market records.
In the last 72 hours, addresses holding between 10 and 100 million XRP tokens accumulated over 120 million coins. According to sources, this activity suggests heightened interest from institutional investors.
Trading peaked at two points on September 29—2:00 a.m. and 7:00 a.m. GMT—as XRP volume exceeded 97 million tokens at each interval. This was far above the daily average of 57.4 million and supported the evidence for greater institutional activity during brief price rallies.
Market analysts note that resistance sits between $2.92 and $2.93, with increased sell pressure near those levels. Support has formed between $2.85 and $2.86, which repeatedly saw buying demand during intraday dips. The $2.90 level is now a psychological barrier, with market participants monitoring whether XRP can hold this area as support in the near term.
There are seven pending applications for spot XRP exchange-traded funds (ETFs) before the U.S. Securities and Exchange Commission, with key decision windows between October 18 and November 14. Approval of any XRP ETF could influence asset flows and institutional adoption. Traders, according to market summary, are watching closely to see if XRP can maintain closes above $2.90, and whether large investors continue accumulating at the current pace. Broader market conditions, including changes in Treasury yields or central bank signals, may also affect digital asset market activity.
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