Key Insights:
- Analysts see potential for XRP price rally toward $3–$3.15 as bullish sentiment builds ahead of October.
- However, crypto analysts anticipate a possible short-term dip to $2.30–$2.40 as a healthier correction before a stronger upward move.
- The U.S. SEC is expected to decide on six XRP ETF applications between October 18 and 25.
Ripple’s native cryptocurrency XRP is showing signs of a bounce back amid a broader crypto market rally. Market analysts are hopeful of an XRP price uptrend in Uptober with expectations of several XRP ETF approvals by the US SEC. As September comes to a close, the Ripple cryptocurrency is poised for an immediate breakout past $3.
XRP Price Bounces From Crucial Support, Uptober Rally Ahead?
Ripple’s native cryptocurrency, XRP, has once again bounced back from the crucial support level at $2.75. The altcoin has seen its daily trading volume surge 42% to more than $4.16 billion, highlighting strong bullish sentiment among traders.
Crypto analyst Ali Martinez noted that XRP is holding key support levels, indicating the token may experience a rebound. According to Martinez, XRP has the potential to climb toward $3 or even $3.15 if the support holds.
As we move into October, XRP investors are waiting on the sidelines with the expectation of several spot XRP ETF approvals by the U.S. Securities and Exchange Commission (SEC). Historically, XRP price has ended October in the red in 7 of the past 12 years, with an average decline of 4.58%. However, crypto bulls suggest this year could be different, as potential ETF approvals may provide a catalyst for a positive price movement.
XRP Price Can See Short-Term Dip Before Potential Upswing
Crypto analyst EGRAG Crypto suggests that the XRP price may experience one more short-term sell-off before a sustained uptrend. He estimates a 70% probability of a “flush out” before prices rise, calling it a healthier structural shift, rather than an immediate sharp pump that could trigger a correction.
EGRAG highlighted a potential fair value gap (FVG) between $2.35 and $2.40, noting that prices often revert to such levels over time. Using the 3-day chart for trend analysis, he believes this FVG could serve as a key support range. According to the analyst, this will provide a stronger foundation for an aggressive rally in the future.
The analyst anticipates XRP price could initially drop to around $2.65, but a deeper dip to $2.30–$2.40 may set the stage for a final upward leg. Market analysts believe that altcoins will see a strong rally in Q4 2025 and Q1 2026. This is when Ripple crypto could be poised for major gains ahead.
SEC To Take Call on Six XRP ETF Applications in October
The U.S. Securities and Exchange Commission (SEC) is approaching a critical week in October, with six spot XRP exchange-traded fund (ETF) applications nearing their decision deadlines. Rulings are expected between October 18 and 25, with the SEC potentially approving ETFs for additional altcoins, such as SOL and ADA.
The first U.S.-listed spot XRP ETF, the REX-Osprey XRP ETF (ticker: XRPR), launched in late September. It has already expanded to include options trading, signaling growing regulatory entry for XRP investment products.
Meanwhile, the Hashdex Index ETF received approval under the SEC’s updated listing standards. This framework enables the inclusion of additional crypto assets, such as XRP, in future ETFs.
Bhushan is a FinTech enthusiast and holds a good flair for understanding financial markets. His interest in economics and finance draws his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In his free time, he reads thriller fiction novels and sometimes explores his culinary skills.
