October is shaping up to be one of the most pivotal months in years for XRP, as two major regulatory rulings are expected to land within days of each other – outcomes that could set the tone for the token’s next big move.
The first decision comes from the U.S. Securities and Exchange Commission, which is due to rule on several spot XRP ETF applications.
Filings from issuers including Bitwise, Grayscale, and 21Shares are awaiting final approval, and unlike past rounds, analysts say the chance of a further delay looks slim. Given how Bitcoin ETFs reshaped market flows, an XRP approval could unlock similar institutional demand.
At the same time, Ripple is awaiting word from the U.S. Office of the Comptroller of the Currency on its bid to become a federally regulated trust bank.
Such a license would not only elevate Ripple’s standing with financial institutions but also give XRP a stronger foundation for mainstream adoption.
Can XRP Hit $10?
Market watchers suggest that if both catalysts arrive in October, XRP could climb into double-digit territory. That would require roughly a 3.5x move from current levels — ambitious, but not unprecedented in crypto markets when regulatory clarity and new inflows collide.
Still, analysts caution against assuming a straight-line rally. Crypto remains highly volatile, and while October could open the door to a breakout, the path forward will depend on broader risk sentiment and how decisively institutions embrace XRP.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/xrp-investors-brace-for-explosive-move-as-key-rulings-near/