XRP Performance Update as Price Near $2.46, $2.80 Close Sets Up $3 Target

• XRP performance update as whales sell 2.23 billion XRP; price near $2.46 and $2.30 to $2.37 support holds
• $2.78 to $2.80 reclaim is the trigger; a break over ~$2.85 sets up $3 to $3.20
• Close above $2.80 with rising volume targets $3, while $2.30 to $2.37 remains the floor

XRP is trading near $2.46 as on-chain reads show whales sold about 2.23 billion tokens since Friday, per Ali Martinez.

The selloff pressed XRP price lower over the week and flushed leverage. Into mid-October trade, the market is watching whether buyers can reclaim $2.78 to $2.80 while the $2.30 to $2.37 support band continues to hold. A clean push and hold above the ~$2.85 trendline would open the $3 to $3.20 zone. 

XRP whales sell close to 2.23 Billion XRP over the weekend

Large holder distribution tightened liquidity and forced weak hands out after the crash window.

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That kind of flush can set a steadier base if $2.30 to $2.37 keeps absorbing dips. The next test remains the $2.78 to $2.80 reclaim that restores structure.

XRP Q4 Setup and Bullish Catalysts

Crypto Sensei kept a bullish Q4 base case, noting seasonal strength and a macro path where Bitcoin targets $150,000 to $175,000 and Ethereum $8,000 to $10,000 on his Paul Barron Podcast segment.

If that backdrop plays out, XRP can track higher with the majors. On the adoption side, Ripple’s RLUSD stablecoin rails and work with Securitize, with asset-manager partners such as BlackRock and Vanguard in tokenized fund pilots, build a use-case arc. Treat the policy angle, including the Clarity Act, as forward guidance, not a done deal.

Another major development is Ripple’s collaboration with financial giants Securitize, BlackRock, and Vanguard to tokenize money market funds, a sector worth over $7.4 trillion. 

This initiative will enable on-chain redemption of fund assets via Ripple’s RLUSD stablecoin.  Paul Barron, a market analyst noted that while tokenized fund exposure remains small, participation from firms managing trillions of dollars in assets could accelerate the shift toward blockchain-based finance.

Finally, Ripple President Monica Long recently  stated that banks, including Bank of America, are now expressing stronger confidence in digital assets after years of hesitation due to unclear regulations. 

“You hear from CEOs like Bank of America saying, we’re all in,” Long said, signaling a potential turning point for XRP’s institutional adoption.

XRP Price Analysis: Losing Key Support

XRP’s price chart shows the token breaking below key support near $2.78 after repeated rejections from a descending trendline dating back to mid-August. 

The breakdown pushed XRP briefly toward the lower Bollinger Band near $2.37 before recovering to its current level. Meanwhile, the RSI at 36.08 suggests that the asset is nearing the oversold area, a place where prices generally rebound.

If XRP fails to reclaim the $2.78–2.80 zone, the next bearish target lies around $2.30–2.37, where stronger support has historically emerged. However, a breakout above the descending trendline near $2.85 could trigger a push toward $3 and potentially $3.20.

Related: XRP Price Today Tests $2.65; 3-Day Close Would Flip Support And Aim $2.85