Key Takeaways:
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The XRP establishes the support of $ 2.80, with a potential downward triangular breakout that has won a 23% rally at $ 3.66.
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The US Securities and Exchange Commission of the Spot XRP ETF can add to October Tailwinds.
XRP (XRP) The price rose 5% in the past 24 hours, up to 11% from the local low $ 2.69 to trade below $ 3 on Thursday. This step was positioned on the XRP for further acquisitions in October, supported by many onchain, technical and major factors.
Onchain data supports XRP breakout scenario
The record of the quarterly close of XRP On Tuesday came the price pushed above a major zone support between $ 2.75- $ 2.80, data from Cointelegraph Markets Pro and Tradingview Show.
The cost of the heatmap distribution shows significant activity in this area, of which nearly 4.3 billion XRP is obtained, emphasizing the importance of this level.
Handling above is critical for a prolonged recovery towards $ 3 and more.
“The $ XRP is currently trading within a downward triangle pattern as consumers continue to defend $ 2.8 zone support,” Says Alpha Crypto signal analyst, adding:
“This compression is set up for a decisive move.”
The next significant resistance is expected to be at the retracement level of the 0.618 fibonacci, around $ 3, the descending triangle.
A breakout above the descending run with a large volume can trigger a bullish leg for XRP towards $ 3.40- $ 3.66.
Number Cointelegraph reported.
SEC’s ETF approved to boost XRP price
ETF spotlight of October You can also add tails to XRP, along with US Securities and Exchange Commission (SEC) deadlines that sink in the middle of the month.
The agency is expected to decide six applications of XRP ETF, including Grayscale’s, with an October 18 deadline. The main deadlines for other applications are falling between October 19 and October 25.
⚡️ Insight: SEC deadlines for multiple $ XRP ETF applications approaching in October. pic.twitter.com/OMCSGEM5DX
– Cointelegraph (@cointelegraph) September 29, 2025
These decisions follow the SEC approved streamline standards on the list For Crypto ETF spots, signed an openness in regulation following the Resolving Ripple’s lawsuit.
Related: Why XRP is important: 5 major factors that drive its value beyond price
Approvals can unlock billion -billion in institutional capital, as seen in Rex/Osprey’s XRPR, which Dedebut on September 18 with nearly $ 38 million In the first day of the day.
Even slight approval will boost emotion, liquidity, and adoption, which promotes a self-enabling rally in the October high-stake window.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
