XRP Price Hits $2.80 as ETF Applications Await SEC Review

The XRP price has jumped 2% in the last 24 hours, to trade at $2.80, on a 24% surge in the daily trading volume, to $3.53 billion.

The jump in XRP price comes after several major ETF applications were lined up for SEC review between October 18 and 24, including proposals from Grayscale, 21Shares, Bitwise, Canary Capital, CoinShares, and WisdomTree.

This comes after the recent launch of the REX-Osprey XRP ETF and new SEC rules that speed up approvals for crypto ETFs.

At the same time, XRP derivatives are gaining traction, with CME futures open interest topping $1 billion and options on XRP set to launch October 13. Ripple is also awaiting a decision on its U.S. bank charter in October, which may be a potentially pivotal month for XRP’s institutional growth.

XRP On-Chain Activity and Active Addresses Surge

XRP is seeing strong growth as both its price and network activity rise. Data from Glassnode shows XRP trading above $2, its highest level in years. At the same time, the number of active addresses on the network has jumped, showing more users are sending and receiving XRP.

XRP: Number of Active Addresses: GlassNode

In the past, big increases in active addresses often came with major price moves. The latest surge suggests more traders and investors are interested again. While sudden spikes in activity can also signal short-term volatility, the overall trend points to a stronger XRP network.

With prices holding above support levels and user activity climbing, XRP may be preparing for more gains, though traders should watch for possible pullbacks.

XRP Targets Bullish Reversal as Price Holds Above Key Support

XRP is trading at $2.80 and hinting at a possible bullish turnaround after spending weeks in consolidation. The $2.60–$2.70 range has acted as a solid support area, holding strong against recent selling pressure.

While an early September breakout attempt lost steam, the latest price action suggests buyers are once again trying to drive momentum upward.

XRPUSDT Analysis Source: Tradingview

The key level to watch is the resistance near $3.00. A breakout above this level could confirm bullish strength and open the way toward the target price of around $4.00. The RSI at 44 suggests XRP is neither overbought nor oversold, giving room for upside movement if buying volume increases.

If bulls fail to reclaim the $3.00 zone, XRP risks sliding back toward the support area near $2.50. However, maintaining current levels could set the stage for a strong recovery rally.