XRP fell nearly 4% in Tuesday’s session as institutional selling hit mid-day and forced a breakdown from the $2.99 resistance zone.
A volume spike almost seven times the daily average confirmed liquidation flows, with price stabilizing only after touching $2.878 support.
Traders now eye whether the $2.85–$2.87 band can hold ahead of Ripple’s banking charter review deadline.
News Background Ripple’s push for a U.S. national banking charter has drawn scrutiny from regulators, with the Oct. 7 OCC deadline marking a key moment in the review. Global macro remains a drag: trade disputes and diverging central bank policy continue to sap FX and crypto liquidity, a headwind for enterprise-facing tokens like XRP. On Binance, custody reserves rose ~19% over the week, suggesting distribution pressure even as some
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