Summary XRP traded at $2.96 after rebounding from the $2.84 to $2.85 support cluster near the 100-day EMA. Derivatives activity rose, with futures volume up 35% to $6.7 billion and open interest at $7.87 billion. Net inflows of $10.38 million on Oct. 2 signaled fresh spot demand as funding stayed modestly positive. By Jainam Mehta XRP ( XRP-USD ) traded near $2.96 on Thursday as the market tried to reclaim momentum following weeks of compression inside a descending setup. Buyers again defended the $2.84 to $2.85 area, where horizontal demand aligns with the 100-day exponential moving average. XRP price dynamics (Source: TradingView) That zone has absorbed multiple selloffs since mid-August and remains a primary line of defense. Momentum has begun to stabilize. The Relative Strength Index rose to 53 and crossed above its signal, pointing to improving short-term strength without overbought conditions. The 20-day EMA at $2.91 flipped back into play as intraday support, and price is now testing the upper boundary of the pattern. A daily close above $3.00 to $3.05 would be the first constructive step toward reversing the broader downtrend and would shift focus to higher resistance zones. On the topside, successive ceilings sit at $3.05 to $3.10, followed by $3.25 and $3.45. A stronger run could put $3.60 on the radar if momentum accelerates. On the downside, a return to $2.84 to $2.85 would test the durability of the base. A decisive failure there would expose $2.62 at the 200-day EMA. Futures and options show renewed appetite Derivatives positioning strengthened alongside price. Aggregate futures trading volume jumped 35 percent to $6.7 billion. Open interest increased nearly 6 percent to $7.87 billion, a sign that fresh capital is entering the market rather than only rotating within existing positions. Options activity surged as well. Total options volume rose 52 percent, while options open interest fell 36 percent. The combination implies that traders added near-term exposure but trimmed hedges, a setup that can magnify follow-through if price clears nearby resistance. Long and short ratios on major venues tilted bullish. Binance accounts showed a 3.28 ratio in favor of longs, while top trader positioning skewed above 2.6. Liquidation data pointed to heavier losses for shorts, suggesting pressure could intensify if price pushes through the $3 handle. Funding rates stayed slightly positive across major futures venues. The absence of extreme funding reduces the risk of a sudden squeeze in either direction and supports a more orderly advance if spot demand persists. Spot flows turn positive as accumulation resurfaces On-chain and exchange flows added to the constructive tone. On Oct. 2, XRP recorded net inflows of $10.38 million, coinciding with the push toward $2.97. The figure contrasts with the outflow pattern that dominated prior weeks and implies that some traders are shifting from defense to accumulation near the established base. One session does not set a lasting trend, but the turn in flows is consistent with improving technical conditions above the 20-day EMA. Market structure remains sensitive to headlines and broad risk appetite. Even so, the alignment of rising futures interest, firmer spot flows, and a defended 100-day EMA gives bulls a clearer path, provided price can establish acceptance above $3.00. XRP short-term outlook XRP’s near-term path hinges on the $3.00 to $3.05 zone. A close above that band would confirm a break of descending supply and open room toward $3.25, then $3.45. If momentum extends, $3.60 becomes a stretch target. Failure to clear $3.05 risks a return to $2.84 to $2.85, with a deeper test toward $2.62 if the base gives way. Previously, we noted that XRP’s triangle compression and persistent exchange outflows kept rallies capped near $3.00. The recent combination of net inflows, stronger futures participation, and a rebound off the 100-day EMA suggests that dynamic is beginning to shift. Bulls still need confirmation through a clean break of resistance, but the balance of forces is more supportive than it was in September. This material may contain third-party opinions; none of the data and information on this webpage constitutes investment advice according to our Disclaimer . While we adhere to strict Editorial Integrity , this post may contain references to products from our partners. Original Post
