TLDR
- XRP currently trading at $2.85-2.89, showing bullish momentum
- Price structure mirrors July breakout that previously led to a 66% rally
- Technical analysis suggests potential 35% increase to $4 by October’s end
- Six spot XRP ETF applications awaiting SEC decisions in October 2025
- Institutional interest in cross-border payments supporting price growth
XRP, Ripple’s native cryptocurrency, is showing signs of a potential breakout as it tests the boundaries of a descending channel. Currently trading around $2.85-$2.89, the digital asset has been consolidating while investors await catalysts that could drive price action in the coming weeks.
Market analysts have noted that XRP’s current price structure bears a striking resemblance to patterns seen before the July breakout. That previous pattern resulted in an impressive 66% rally, demonstrating how quickly XRP can move once key resistance levels are broken.
The cryptocurrency has been maintaining support at $2.75, which has provided a floor during recent market fluctuations. This stable support level has kept bulls engaged despite the overall consolidation phase.
Technical indicators present a mixed picture. Moving average data shows some bearish pressure with the MA line positioned above the candlesticks. However, the MACD indicator tells a different story, with the MACD line (blue) positioned above the signal line (orange), suggesting underlying bullish momentum.
Trading volume for XRP currently sits at $4.5 billion with a market capitalization of approximately $173.33 billion. The 24-hour price change shows a positive movement of 3.89%.
SEC Decisions Could Be Catalyst
October 2025 could prove to be a pivotal month for XRP as the SEC is scheduled to make decisions on six spot XRP ETF applications. The first decision comes on October 18th with the Grayscale XRP ETF application.
The following day, October 19th, will see the review of the 21Shares Core XRP Trust. October 20th brings the Bitwise XRP ETF decision, followed by the Canary Capital XRP ETF on October 23rd.
The series of regulatory decisions concludes on October 25th with the WisdomTree XRP ETF review. These consecutive decisions could introduce significant volatility to XRP’s price action throughout the month.
Market analysts suggest that positive outcomes from these reviews could strengthen institutional confidence in XRP and potentially drive fresh capital inflows.
Technical Projections Point Higher
Fibonacci extension analysis projects several potential upside targets if XRP breaks out of its current pattern. The 1.618 Fibonacci level places a target at $3.48, while the 2.618 level suggests a possible move to $3.97.
The more immediate projection indicates a potential 35% rally that could push XRP toward the $4 mark if the descending channel pattern breaks this month. This would mirror the July performance and strengthen the case for another surge.
According to data from CoinCodex, XRP could reach an average price of $3.36 by December 2025, representing a potential return on investment of 16.03%.
Resistance is currently forming at $2.90, with the potential to reach $2.95 if this level is breached. On the downside, support at $2.82 has been holding firm, though a break below could see prices test the $2.75 level.
The combination of technical patterns and upcoming regulatory events has created a scenario where XRP appears poised for decisive movement in the coming weeks.
Institutional interest in XRP’s cross-border payment capabilities continues to provide fundamental support for the asset. Banks have shown increasing interest in adopting the technology behind XRP for international transfers.
While breaking the $3 barrier by the end of 2025 appears achievable based on current indicators, market watchers caution that success is not guaranteed. External factors including macroeconomic conditions, broader cryptocurrency market trends, and regulatory developments will all play roles in determining XRP’s price trajectory.
The current technical setup for XRP mirrors the conditions seen before previous rallies, particularly the July breakout that resulted in substantial gains. With key support levels holding and resistance being tested, the stage appears set for potential upward movement.
Multiple SEC decisions on ETF applications in October may serve as the catalysts needed to push XRP beyond its current trading range. The convergence of these regulatory events with favorable technical patterns creates a compelling case for heightened XRP activity in the weeks ahead.
The October price action will likely determine whether XRP can successfully clear its descending channel pattern and make progress toward the projected $4 target.
The post XRP (XRP) Price: Technical Pattern Suggests Potential 35% Rally to $4 appeared first on Blockonomi.
Source: https://blockonomi.com/xrp-xrp-price-technical-pattern-suggests-potential-35-rally-to-4/