XRP Rallies Into SEC Catalyst Window, Resistance Cements at $2.93

XRP recently experienced a 2.1% rise, buoyed by institutional accumulation exceeding 120 million tokens. With seven pending XRP spot ETF applications before the SEC, including Grayscale’s submission due October 18, the market awaits potential regulatory catalysts between October 18 and November 14. This timeframe is expected to significantly impact XRP's trading flows and adoption within institutional portfolios. Throughout a 24-hour trading window from September 28 to September 29, XRP fluctuated between $2.84 and $2.93, with notable trading volumes surpassing averages. Key resistance is noted at $2.92-$2.93, while support remains firm around $2.85-$2.86, marking critical levels that traders will closely monitor. Analysts emphasize the importance of sustaining above the $2.90 threshold to facilitate further upward movement toward $3.00 and beyond, driven by ongoing institutional interest.

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