XRP Drops 4% After $2.88 Rejection as ETF Speculation Builds

XRP pulled back sharply after failing to sustain momentum above the $2.88–$2.89 resistance zone, even as ETF speculation continues to build ahead of October SEC deadlines. The selloff highlights a pivotal inflection point as institutional flows battle against long-term consolidation patterns that many analysts believe could precede a larger move.News Background• XRP fell 4% from $2.88 to $2.84 on September 5 after hitting an intraday high of $2.89, as institutional selling pressure emerged.• Trading volume exploded to 227.75 million during the 12:00 hour, nearly 4x the 24-hour average of 58.40 million.• Six asset managers, including Grayscale and Bitwise, have filed for spot XRP ETFs, with SEC decisions expected in October.• Ripple’s legal settlement with the SEC has improved regulatory clarity,…