XRP Holds Above $2.82 After Sharp Decline, Technicals Point to $3.30 Breakout Test

XRP failed to sustain momentum above $2.88–$2.89, triggering a 4% decline as institutional selling capped the advance. Heavy volume confirmed resistance at those levels, while buyers reappeared in the $2.81–$2.83 range to stabilize price action. The move keeps XRP locked in a 47-day consolidation under $3.00, with traders now eyeing the $2.77 support pivot and October’s SEC ETF decisions as the next catalysts.News BackgroundSix institutional asset managers have filed spot XRP ETF applications, with SEC decisions expected in October.Whale accumulation continues, with roughly 340 million tokens purchased in recent weeks despite persistent volatility.Exchange balances remain elevated above 3.5 billion XRP, raising questions of potential supply pressure if selling resumes.Federal Reserve policy shifts and inflation prints are shaping broader liquidity conditions…