#XRP Market Update: Volume Surge & ETF Delays
Trading Activity
XRP saw a massive spike in trading volume — 137.18M in a single hour, nearly double the usual daily average of 71.23M. Such moves often signal institutional repositioning.
Price held at the $2.85–$2.88 support range, consolidating near $2.89–$2.90.
ETF Decisions Pushed Back
The SEC has delayed multiple XRP ETF applications, including Nasdaq’s CoinShares filing, until October. This pause stalls growing institutional interest in crypto ETFs and keeps investors waiting for regulatory clarity.
Security Concerns
A recent audit ranked XRP Ledger 15th out of 15 blockchains for security — a major concern as regulators and institutions weigh risks. Weak security ratings could further complicate ETF approvals.
Technical Levels
Resistance: $3.04
Support: $2.85–$2.88
Key Level: $3.00 — needs to flip to support for bullish momentum.
Outlook
October will be a pivotal month. With regulatory delays and security concerns, XRP faces a challenging path to ETF approval and investor confidence.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. I have no affiliation, sponsorship, or partnership with the companies or individuals mentioned.
