XRP Could Test $3.00–$3.15 After Holding $2.70 Support as Institutional Interest Rises

XRP is consolidating near $2.90 while holding a $2.70–$2.75 support base and targeting a breakout to $3.00–$3.15; growing institutional interest and a clear inverse head-and-shoulders setup raise the probability of a move toward $3.30–$3.70 if resistance is ￰0￱ holds $2.70–$2.75 support with consolidation near $2.90 and resistance at $3.00–$3.15. Analysts identify an inverse head-and-shoulders pattern targeting $3.15, with $3.30–$3.70 as subsequent ￰1￱ flows and SBI’s new XRP lending program have driven a 24‑hour token volume spike to roughly 164.5 million ￰2￱ technical outlook: XRP consolidates at $2.90 above $2.70 support; watch $3.00–$3.15 for a breakout—track volume and ETF review updates for next ￰3￱ more with ￰4￱ is XRP’s current technical outlook?

XRP is holding a firm support zone around $2.70–$2.75 while consolidating near $2.90, positioning the market for a potential breakout above $3.00. Price action, volume, and a developing inverse head-and-shoulders pattern point to $3.00–$3.15 as the near-term target if buyers sustain ￰5￱ are technical levels defining XRP’s next targets? Support at $2.70 has been tested multiple times and has held, preventing a retest of the broader low near $2.62. Resistance is concentrated between $3.00 and $3.15, where repeated attempts have been ￰6￱ inverse head-and-shoulders pattern — with a neckline around $2.95 — projects $3.15 as an initial breakout target, then $3.30–$3.70 if momentum ￰7￱ held! $XRP could now bounce toward $3.00–$3.15.

pic. twitter. com/c40wrmwroZ — Ali (@ali_charts) October 1, 2025 At the time of reporting, XRP traded near $2.98 with a market capitalization of $175.8 billion and daily trading volume of approximately $6.58 ￰8￱ metrics confirm steady market activity as buyers defend key levels.) Why does institutional activity matter for XRP price action? Institutional demand can provide sustained liquidity and large bid interest that amplifies technical ￰9￱ ETF analyst Eric Balchunas has described altcoin ETF approvals as increasingly likely; seven XRP ETF applications are under SEC review with decision windows into mid-October ￰10￱ or constructive guidance could trigger sizeable inflows and push prices above immediate resistance.

Separately, Japan’s SBI announced an institutional lending program for XRP aimed at supporting payment solutions at ￰11￱ the announcement, reported token lending and trading activity surged, with a 24-hour token volume spike to about 164.5 million tokens — more than double average levels — indicating increased on‑chain and OTC demand. , "description": "XRP is consolidating near $2.90 while holding $2.70 support; institutional demand and technical setups increase the odds of a breakout to $3.00–$3.15." , Frequently Asked Questions Will an approval of XRP ETFs cause immediate price spikes? Approvals typically lead to increased institutional flows and liquidity, which can produce rapid price ￰12￱ reaction depends on size and speed of inflows and prevailing macro ￰13￱ should traders use volume with XRP technicals?

Use volume as confirmation: rising daily and intraday volume on a break above $3.00 validates buyer ￰14￱ volume breakouts carry a higher risk of ￰15￱ Takeaways Support holds : $2.70–$2.75 is the critical support zone to defend the bullish outlook. Near-term target : $3.00–$3.15 is the immediate resistance to watch, with $3.30–$3.70 as secondary ￰16￱ catalysts : ETF reviews and institutional lending (e. g., SBI’s program) are key liquidity drivers to ￰17￱ In summary, XRP is consolidating above a defined $2.70 support and eyeing a breakout near $3.00–$3.15. Technical patterns, volume, and institutional developments combine to create a favorable setup; traders should monitor price action and ETF review updates closely for confirmation and next steps.