October brings pivotal decisions for XRP: ETF approvals and a banking license. Here’s how to prepare for what could be a turning point.
October may be the turning point for XRP. Crypto lawyer Bill Morgan and industry watchers warn that two critical developments loom: the SEC’s final decisions on multiple spot XRP ETF applications and Ripple’s application for a U.S. national banking charter, both expected toward month-end. Investors are watching closely as institutional access and regulatory clarity converge, potentially determining whether XRP breaks out or stalls. Rumors and performance targets are already fueling debate: some analysts forecast upside to $4 – $5 if ETFs clear approval, while more ambitious models stretch into double-digit territory. With price hovering near $3, the weeks ahead could either set the stage for a breakout or confirm a period of consolidation.
Regulation and Market Expectation
The SEC has pushed back decisions on several high-profile XRP ETF applications, submitted by firms like Grayscale, 21Shares, CoinShares, and Franklin Templeton, with final deadlines now set between October 18 and 25. Alongside this, Ripple’s bid for a national bank charter is pending, reportedly under review with similar timing constraints. Regulatory clarity on both fronts could open the floodgates for institutional flows; without it, XRP may continue to face downward pressure. As momentum builds, sentiment is increasingly hinged on whether October’s outcomes reward or frustrate bullish expectations.
Price Trends and Technical Outlook
XRP currently trades near the psychologically significant $3 level. Recent delays in ETF decisions have already pulled the price marginally lower, hovering near $2.90–$3.00, a range technical analysts identify as critical support. A decisive break above resistance in the $3.15–$3.20 area could pave the way for a run toward $3.50 or higher. Conversely, a drop below $2.90 risks deeper correction. On-chain metrics reveal reduced XRP supply on exchanges, suggesting holders are accumulating rather than selling, possibly pre-positioning for October’s catalysts.
Broader Sentiment and Price Forecasts
Analyst sentiment tilts bullish: Peter Brandt forecasts a 60% rally toward ~$4.47, while Tony “The Bull” Severino sees potential for a staggering 333% surge in a matter of weeks. Other models extend the upside even further: in bullish scenarios where ETFs and licensing succeed, some target XRP reaching $9-$10, or even as high as $12.60, depending on broader adoption and financial integration. At this stage, October isn’t just another month; it’s potentially the catalyst for a multi-month rally.
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What Investors Should Monitor in October
Here’s what could determine whether October becomes a breakout month for XRP—or a stall:
- SEC rulings on XRP ETF applications — Institutional inflows hang on approval timelines.
- Ripple’s national bank charter decision — Regulatory legitimacy would reshape adoption dynamics.
- Price reaction and volume — Breakouts above $3.20 or failure to hold $2.90 are key technical indicators.
- On-chain behavior and liquidity — Exchange flows offer early signs of buildup or distribution.
- Narrative momentum shifting into altcoins — As attention grows, early presale projects may benefit from capital rotation.
Conclusion: A Month That Could Define the Cycle
October represents more than just another calendar period for XRP. With ETF decisions, banking license reviews, and strategic momentum converging, the token could either regain bullish footing or settle into extended consolidation. Those watching closely may see one of the following outcomes:
- If approvals come through, XRP could quickly challenge $4-$5, potentially much more.
- If approvals fall through or get delayed, the crypto market could pause while sentiment recalibrates.
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Source: https://coindoo.com/xrp-news-why-october-could-be-the-make-or-break-month/