How Could XRP Price React After October SEC ETF Decisions?

The XRP price continues to consolidate within a descending channel as investors assess upcoming catalysts. The chart highlights a structure similar to the July breakout that produced a strong rally. Meanwhile, anticipation builds around the SEC’s October deadlines for multiple XRP ETF filings. Market participants are preparing for heightened activity as technical patterns and regulatory events converge in the weeks ahead.

XRP Price Eyes Breakout From Descending Channel

The XRP price has been testing the boundaries of a descending channel, mirroring the setup observed before the July breakout. 

The July move resulted in a 66% rally, showing how this zone can trigger rapid surges once resistance cracks. The current XRP market price trades at $2.85, keeping it near the breakout threshold that could invite fresh buying. 

The Fib extensions project potential upside targets, with the 1.618 level at $3.48 and the 2.618 level at $3.97. However, the more immediate projection shows a 35% rally pointing directly toward $4 if the channel breaks this month. 

This mirrors the July performance and strengthens the case for another surge. Notably, support at $2.75 has cushioned recent declines, keeping bulls engaged. With pressure mounting against the upper channel boundary, XRP price looks primed for decisive movement in October.

SEC ETF Decisions Could Amplify Moves

The SEC is set to decide on six spot XRP ETF applications in October, a lineup that could heavily shape short-term price direction. The first comes on October 18 with the Grayscale XRP ETF, which may inject early volatility depending on the outcome. 

A day later, October 19, focus will shift to the 21Shares Core XRP Trust, where approval could strengthen confidence in XRP’s institutional appeal. On October 20, the Bitwise XRP ETF will be reviewed, with expectations that a green light may draw fresh inflows. 

Meanwhile, October 23 brings the Canary Capital XRP ETF deadline, testing whether bullish pressure can sustain near key resistance levels. The week concludes October 25 with the WisdomTree XRP ETF, where a positive ruling could act as the final catalyst for October’s trading. 

With the chart projecting a possible 35% rally toward $4 by month’s end, the alignment of decisions with technical patterns feels crucial. Therefore, October activity could directly determine whether XRP finally clears its descending channel or delays another leg higher.

Summary

The XRP price faces a critical October as both technical and regulatory factors align. A channel breakout would mirror July’s explosive rally and open the path to $4. Multiple SEC decisions on ETFs may either fuel this breakout or reinforce resistance barriers. Overall, October’s outcomes could mark the turning point that defines XRP’s trajectory into year-end.