XRP Price Eyes $5 Breakout After Holding $3 Support Line

• XRP holds $3 support with analysts eyeing a Wave 3 breakout toward the $4–$5.70 range.
• Whale accumulation and ETF expectations fuel momentum for a macro-cycle rally.
• Fibonacci levels near $3 act as launch pad for targets at $4.50 and $5.70 this month.

XRP has held above the $3 support, signaling renewed bullish momentum heading into mid-October. The token traded near $3.04, up 2.3% in 24 hours, with a market cap close to $180 billion, according to CoinMarketCap. Its 5% weekly gain kept traders focused on whether this consolidation phase is the base before the next XRP rally. XRP traders now want to find out if XRP’s cycle top may be under threat and if this could be the final test before XRP’s $5 breakout. 

Cycle Structure Suggests Momentum Still Intact

Analyst EGRAG CRYPTO said XRP remains inside a long-term ascending channel that has shaped every bull phase since 2017. Historical patterns show average retracements of 65 to 75% before each new cycle high. 

XRP’s current base between $1.90 and $2.00 fits that setup, forming what EGRAG calls an accumulation zone. Significantly, EGRAG CRYPTO projects resistance near $3.30 and potential cycle extensions toward $7 if momentum accelerates. The outlook implies a short consolidation phase before XRP potentially targets double-digit territory later in this macro cycle. Hence, the long-term chart continues to suggest that the current market range might be forming the foundation for the next XRP rally.

$3 Fibonacci Level Acts as Launch Pad

Analyst CasiTrades identified the $3 Fibonacci support as a critical pivot where buying pressure remains strong. Holding this level often precedes a Wave 3 impulse, the Elliott wave stage that delivers the sharpest price expansion. If XRP confirms a break above this zone, targets at $4.00 to $4.50 could come into play as the market builds a higher base for continuation.

October Targets Point Toward $5.70

Steph is Crypto noted that XRP is testing the upper edge of a descending channel that has contained price since mid-year, suggesting bullish continuation above $2.70. The analysis outlines Fibonacci extensions at $3.60, $4.00, and $4.65, with an upper projection near $5.70 marking the potential October target zone.

Maintaining support above $2.70 remains essential to sustain this pattern. A decisive move above $3.00 could confirm trend reversal and open the path toward the $4–$5 range by mid-month. Hence, while the broader market awaits confirmation, XRP’s tightening technical structure indicates mounting pressure for an upside breakout.

XRP Price October – Key Levels to Watch

• Support zones: $2.70 (primary), $2.20 (secondary).
• Resistance zones: $3.30 (initial), $4.00 to $4.50 (intermediate), $5.70 (upper target).

A daily close above $3 would confirm a Wave 3 extension toward the $5 range, while a drop below $2.70 could extend the consolidation into November.

XRP’s steady base around $3 signals accumulation rather than exhaustion. If buyers continue defending this zone, analysts expect a gradual move toward $4–$5.70 by year-end, to make XRP as one of the most closely watched large-cap assets of 2025.