XRP News Today: XRP Faces Crucial $2.80 Threshold—Batch Amendment and Regulatory Factors Challenge Bullish Sentiment

XRP, the cryptocurrency at the core of Ripple’s blockchain, is at a pivotal moment as market watchers focus on the $2.80 resistance, which could trigger a major price shift. Although XRP has climbed 10% in the last week, an

indicates there is room for growth up to $2.80. Still, the coin has lagged behind the broader crypto market, currently trading at $2.61, according to an . Technical signals point to bullish momentum, with the Relative Strength Index (RSI) at 70 and a bullish MACD crossover highlighted by Invezz. However, breaking through $2.80 is seen as crucial for to revisit its July 2025 high of $3.66.

Optimism has also grown around the proposed Batch amendment (XLS-56) for the XRP Ledger. This upgrade, which would allow atomic transactions for NFTs and payments, has secured 68.57% validator approval, as reported by Invezz. If implemented, it could make NFT trading more efficient and expand the blockchain’s capabilities, potentially increasing demand for XRP. Validators believe the amendment’s all-or-nothing approach will minimize the risk of partial transaction failures, a significant obstacle to wider use.

Yet, XRP still faces challenges. A recent 40% decline in futures open interest to $4.46 billion, as noted by FXStreet, signals fading retail interest, worsened by the October 10 deleveraging that wiped out $19 billion in crypto assets. Institutional backing remains robust—Evernorth’s $1 billion XRP treasury, featured in a

—but the token’s price is still 27% below its 2025 high.

Regulatory shifts are also influencing the landscape. In a significant decision, the Madras High Court in India recognized XRP and other digital currencies as legal property, strengthening investor protections and exchange responsibilities, according to a

. This ruling may speed up India’s crypto regulation, which has lagged behind tax policy. Meanwhile, Hong Kong authorities have blocked at least five listed firms from adopting digital asset treasury strategies, citing concerns over inflated values, as . The Securities and Futures Commission (SFC) warned that premiums on DAT company shares could disappear overnight if new rules are enforced, according to a .

Technical analysis highlights XRP’s fragile standing. The token is holding at the 200-day EMA of $2.61, a level mentioned in Invezz’s report, and needs a daily close above $2.69 to aim for $3.40. Failing to maintain this support could lead to a drop toward $2.35. On-chain metrics are mixed: while there are 483,000 active addresses, showing ongoing engagement according to a

, there has been a 2,200% spike in holder outflows, as reported by , which raises short-term bearish concerns.

Despite these obstacles, bullish prospects remain. Fibonacci targets and recurring price trends suggest XRP could reach $9.90—a 309% increase from current prices—as discussed in the Coinotag review. Analysts draw comparisons to the 2017 and 2021 bull runs, when XRP typically gained 300% after breakouts. Recent stability above key Fibonacci levels and rising open interest, highlighted in a

, add to the positive outlook, though traders warn that volatility and regulatory ambiguity continue to pose risks.

For XRP to realize its potential, surpassing the $2.80 mark is vital. A decisive breakout could revive institutional interest and affirm the token’s significance in cross-border payments and NFT markets. As the community awaits the Batch amendment’s rollout and clearer regulations, the next few weeks will reveal whether XRP can maintain its upward momentum or face renewed downward pressure.