XRP Eyes $3 Level as Volume Remains Soft, SPAC Plan Could Support Demand

XRP is trading just above $2 as it eyes a move toward the $3 level. The near-term path depends on a rebound in trading volume and continued buying pressure, with Ripples treasury plans and a SPAC-backed effort offering upside potential. Without stronger liquidity, the rally remains tentative.

• Volume remains the primary constraint: XRPs trading volume sits deep in the red, around $4.69 billion, down about 49.7% in the current window, limiting upside toward the $3 handle.
• SPAC-backed treasury plans could offer upside: Ripples move to raise approximately $1 billion for a crypto treasury may bolster demand for XRP if funding progresses and tokens are accumulated.
• Recent price action and liquidity dynamics: XRP has risen more than 3% to around $2.38, after trading in a $2.24–$2.38 range; a sustained close above key liquidity zones would be a prerequisite for testing higher levels.

What is XRPs current price trajectory and the factors driving it？

XRP is hovering near $2.38, up roughly 4% in the last 24 hours, as macro volatility and liquidity concerns temper upside. The primary drivers remain market demand for XRP as a treasury asset, speculative activity, and the potential impact of Ripples strategic moves; however, a meaningful push toward $3 will likely require a revival in liquidity and sustained buying interest.

How does XRP volume affect its push toward $3？

With trading volume down about 50% over recent sessions, price advances are highly dependent on liquidity recovery and renewed participation from institutions. If buyers return and open interest stabilizes, resistance near the $2.80–$3.00 zone could break; otherwise, XRP may oscillate in a tight range below $3.

Frequently Asked QuestionsWhat is the XRP price projection for the coming weeks？

Analysts suggest XRP could test the $3 handle if volume and market interest rebound, supported by ongoing treasury initiatives. If liquidity remains limited, a consolidation range between roughly $2.20 and $2.80 is more likely, with upside contingent on sustained buying.

Is XRP likely to rebound in the near term？

Rebound prospects depend on several factors: volume revival, broader crypto market liquidity, and the pace of Ripples treasury plans. If buying interest returns and volatility eases, a test of the $3 level becomes more probable; absent these conditions, near-term moves may be muted.

Key Takeaways

• Volume needs to improve: XRPs upside is constrained as liquidity remains a clear hurdle; a volume recovery is key to meaningful gains.
• SPAC-backed treasury could add fuel: The potential $1 billion treasury fund may provide demand support for XRP if funding proceeds and assets accumulate.
• Watch the $3 threshold: A sustained move above current liquidity pockets and a daily close above key levels would be a bullish signal toward testing $3.

Conclusion

XRP is navigating a delicate balance between price resilience and volume-driven risk. With liquidity still fragile, the path toward $3 hinges on stronger participation and confidence in XRPs role as a treasury asset. Investors should monitor volume trends, treasury developments, and macro dynamics as October progresses. COINOTAG will provide updates as new data emerges.

Author: COINOTAG