XRP Price Surges Past $3 as Bitcoin Rally Fuels $4 Target - Technical Analysis & ETF News

XRP has reclaimed the crucial $3.00 psychological level during early Sunday trading in Asia, recovering from Saturday's dip that tested support near $2.95. The rebound occurred following a high-volume market flush that eliminated leveraged long positions, with strategic buyers and major investors entering aggressively. Technical analysts now identify the $3.10-$3.30 zone as critical resistance, with successful breakout scenarios projecting moves toward $4.00-$4.20 territory.

Market Developments

• Seven active XRP ETF applications face October decision deadlines that traders consider pivotal for Q4 price direction.
• Ripple's partnership with SBI Holdings expanded last week through enhanced XRP-backed lending services, strengthening institutional adoption narratives in Asian markets.
• Despite $1.7 billion in derivatives liquidations across crypto markets, XRP wallets recorded substantial inflows exceeding 160 million tokens this past week.

Trading Activity Overview

• October 4 rejection at $3.03 established immediate resistance.
• The decline to $2.95 between 13:00-15:00 UTC featured 122M volume - triple the daily average.
• Price stabilization at $2.96-$2.97 created foundation for Asian session recovery.
• Sunday's trading session confirmed $3.00 level conversion from resistance to support.
• Momentum indicators now point toward $3.30 as next resistance test, with $4.00+ targets active.

Technical Perspective

• Support: New foundation at $2.95-$3.00 reinforced by substantial volume accumulation.
• Resistance: Immediate ceiling at $3.03, with major breakout threshold at $3.30.
• Pattern: Higher-timeframe inverse head-and-shoulders formation remains valid, targeting $4.20-$4.80 upon $3.30 breach.
• Volume Analysis: 122M flushout volumes indicate strong position rotation, with Asian hours showing renewed institutional accumulation.
• Momentum Indicators: RSI at mid-50s suggests neutral-bullish alignment; MACD approaching bullish crossover configuration.

Market Focus Areas

• Sustainability above $3.00 support and base formation for $3.30-$3.50 advance.
• October 18 SEC ETF decision timeline and potential altcoin ETF approval implications.
• Large wallet movements and exchange reserve fluctuations as positioning indicators.
• Macroeconomic conditions including Federal Reserve policy and Asian capital flows influencing risk sentiment.