TLDR
- XRP currently trades at $2.89 with 3.89% gains, supported by $4.5 billion in daily volume and a $173.33 billion market cap
- Technical charts show XRP in a descending channel similar to July’s pattern that preceded a 66% price surge
- Fibonacci analysis projects targets at $3.48 and $3.97, with some analysts forecasting a 35% rally to $4 in October
- Six SEC spot ETF decisions scheduled between October 18-25 could serve as catalysts for price movement
- CoinCodex estimates XRP could average $3.36 by December 2025, representing 16% upside from current levels
XRP is changing hands at $2.89 on September 30, 2025. The token has posted gains of 3.89% in recent sessions. Trading volume reaches $4.5 billion daily while market capitalization stands at $173.33 billion.
The native token of Ripple Labs continues attracting attention from traders and institutions. Banks remain interested in Ripple’s cross-border payment solutions. This institutional focus provides fundamental support for price action.
Current technical analysis reveals XRP trading within a descending channel pattern. This formation resembles the July 2025 setup. That earlier pattern resulted in a 66% rally after XRP broke through resistance.
Resistance appears at $2.91 based on TradingView charts. A push above this level opens the path to $2.95. Support holds firm at $2.83 with additional backing at $2.75.
The moving average indicator shows bearish characteristics with the MA line above price candles. However, the MACD tells a different story. The blue MACD line sits above the orange signal line, indicating bullish momentum.
Multiple ETF Approvals on October Calendar
The Securities and Exchange Commission faces six spot XRP ETF applications this month. These decisions arrive between October 18 and October 25.
Grayscale’s XRP ETF receives its decision first on October 18. The 21Shares Core XRP Trust follows on October 19. Bitwise’s application comes up for review on October 20.
Canary Capital’s XRP ETF decision lands on October 23. WisdomTree rounds out the month with its decision on October 25.
Each approval could bring fresh institutional capital into XRP markets. Rejections might create temporary selling pressure. The clustering of these decisions makes October a critical month for price direction.
Technical Targets Point to $4 and Beyond
Fibonacci extension analysis provides upside price targets. The 1.618 extension level points to $3.48. The 2.618 level suggests $3.97 is achievable.
Chart patterns indicate a possible 35% rally from current prices. This calculation puts the target at $4 by October’s end. The projection matches the timeframe of SEC decisions.
CoinCodex provides longer-term estimates for December 2025. Their model forecasts an average price of $3.36. The maximum price in their analysis also reaches $3.36. This represents a potential 16.03% gain from today’s levels.
The $3 price level remains a key psychological barrier for XRP. The token has tested this level multiple times throughout 2025. Breaking through requires sustained buying interest and positive catalysts.
Price Action Mirrors July Breakout Setup
The current descending channel setup closely resembles July’s pattern. That formation led to explosive upside once XRP cleared resistance. The July rally gained 66% in a short period.
Support at $2.75 has prevented deeper declines recently. This level keeps bulls engaged in the market. Pressure builds against the upper channel boundary as October progresses.
The combination of technical patterns and regulatory catalysts creates a unique setup. Market participants watch both chart levels and SEC announcements. The convergence of these factors makes October potentially decisive for XRP’s trajectory.
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