While XRP price holds steady above $2.80, lingering concerns about the broader market and its on-chain activity are contributing to a lack of upward momentum. 35 million XRP transferred from major holders to Coinbase by Whale Alert highlights persistent selling pressure despite recent relief rallies. CryptoQuant data reveals high exchange reserves, suggesting a move towards exits rather than long-term holding. Technical indicators, including the failure to reclaim its 50-day moving average and RSI readings near bearish territory, signal potential price decline. Experts warn that a break below $2.74 could lead XRP toward $2.35. The future of XRP remains heavily reliant on the SEC’s decision regarding spot ETFs, with analysts predicting a high likelihood of approval by mid-October. However, this lack of clarity is reflected in the fading open interest in XRP futures. Ripple’s progress in tokenization and payment solutions has yet to overcome these headwinds. Without regulatory clarity or a shift in U.S. monetary policy, XRP seems destined for range-bound movement. While $2.70 serves as the critical defense line for bulls, October holds key anticipation for XRP’s potential breakthrough.