Key takeaways:
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XRP establishes help at $2.80, with a possible descending triangle breakout projecting a 23% rally to $3.66.
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US Securities and Change Fee approval of spot XRP ETFs may add to the October tailwinds.
XRP’s (XRP) worth rose 5% in the previous 24 hours, up 11% from its native low of $2.69 to commerce slightly below $3 on Thursday. This transfer positioned XRP for additional positive factors in October, backed by a number of onchain, technical and basic elements.
Onchain knowledge helps XRP breakout situation
XRP’s record quarterly close on Tuesday got here as the worth pushed above a key help zone between $2.75-$2.80, knowledge from Cointelegraph Markets Pro and TradingView exhibits.
The associated fee foundation distribution heatmap exhibits vital exercise in this space, the place almost 4.3 billion XRP have been acquired, underscoring the significance of this degree.
Holding above was essential for a sustained restoration towards $3 and past.
“$XRP is presently buying and selling inside a descending triangle sample as consumers proceed to defend the $2.8 help zone,” said Alpha Crypto Sign analysts, including:
“This compression is organising for a decisive transfer.”
The subsequent vital resistance is anticipated to be on the 0.618 Fibonacci retracement degree, round $3, the triangle’s descending trendline.
A breakout above the descending trendline with substantial quantity may set off a bullish leg for XRP towards $3.40–$3.66.
As Cointelegraph reported, a decisive breakout from a symmetrical triangle may ignite a rally towards $4.20 in October, fueled by whale shopping for.
SEC’s ETF approval to spice up XRP worth
October’s ETF spotlight may additionally add tailwinds to XRP, with the US Securities and Change Fee (SEC) deadlines looming mid-month.
The company is anticipated to determine on six spot XRP ETF functions, together with Grayscale’s, with a deadline of Oct. 18. The important thing deadlines for different functions fall between Oct. 19 and Oct. 25.
⚡️ INSIGHT: SEC deadlines for a number of $XRP ETF functions approaching in October. pic.twitter.com/oMCsGEM5dX
— Cointelegraph (@Cointelegraph) September 29, 2025
These rulings comply with the SEC’s approval of streamlined listing standards for spot crypto ETFs, signaling a regulatory openness following the resolution of Ripple’s lawsuit.
Associated: Why XRP matters: 5 key factors driving its value beyond price
Approvals may unlock billions in institutional capital, as seen with REX/Osprey’s XRPR, which debuted on Sept. 18 with nearly $38 million in first-day quantity.
Even partial approvals would enhance sentiment, liquidity and adoption, fostering a self-reinforcing rally in October’s high-stakes window.
This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer includes threat, and readers ought to conduct their very own analysis when making a choice.
