October is going to be the most bullish month of 2025 for XRP, says Nancy Lubale van Cointelegraph. Over the past seven days, the XRP rate has at least increased by 9.15 percent to the current level of 3.02 dollars.
On-Chain Data points to possible outbreak scenario XRP
XRP closed the quarter on a record stand on Tuesday, after the rate above an important support zone managed to stay from 2.75 to 2.80 dollars. This is evident from data from Cointelegraph Markets Pro and TradingView.
From a so -called cost basis distribution heatmap It appears that almost 4.3 billion XRP have been purchased in this area. The map thus emphasizes the importance of this level.
According to analysts, maintaining this level of support was crucial for a recovery towards 3 dollars and possibly further.
“XRP is currently trading within a falling triangular pattern, where buyers defend the support around $ 2.80,” said Alpha Crypto Signal market researchers. “This compression sets up the coin for a decisive movement.”
The next important resistance is around 3 dollars, at the 0.618 Fibonacci retracement level and the falling trend line of the triangle. A breakthrough above, with high trade volume, can set in motion for an increase in $ 3.40 to $ 3.66.
Previously, Cointelegraph reported that an outbreak from a symmetrical triangular pattern could even unleash a rally towards 4.20 dollars in October, partly fueled by large purchases of so -called Whales.
SEC Decree on ETF can push course
Extra rugwind can come from the American stock market watchdog SEC, which has to decide in mid -October about six applications for a spot ETF in XRP, including that of Grayscale. The first deadline falls on October 18, followed by more decisions between 19 and 25 October.
These procedures follow the approval by the SEC of relaxed listing rules for crypto ETFs, a signal of more willingness since the legal battle with Ripple was concluded.
Approvals could unlock billions of institutional capital. For comparison: the XRPR ETF of Rex/Osprey noted on the first trading day, September 18, almost 38 million dollars trade volume.
Even partial approval can, according to analysts, lead to more liquidity, more adoption and a stronger sentiment, and thus to a self -reinforcing rise in this crucial October.
Source: https://newsbit.nl/xrp-koers-waarom-oktober-de-meest-bullish-maand-van-2025-wordt/
