XRP News Today: SEC ETF Rulings to Decide XRP's $2.60 Breakout Fate
XRP price has surged past $2.50, with bulls targeting the next critical resistance near $2.60 as key technical indicators suggest mixed momentum. The token's recent recovery has drawn attention to a descending triangle pattern, with analysts forecasting potential price targets ranging from $3.00 to $4.00 if the price breaks above key resistance levels. Immediate resistance is positioned at $2.60, followed by $2.660, where a bearish trend line could impede further gains [1]. A failure to breach $2.60 may trigger a decline toward $2.450 and $2.40, with the 100-hour simple moving average (SMA) acting as a psychological benchmark [1].
Technical analysis highlights a bullish MACD crossover and an RSI above 50, indicating growing buyer participation, though volume has yet to confirm a decisive breakout [3]. On the hourly chart, the Relative Strength Index (RSI) remains neutral, while the MACD flattens near the zero line, signaling indecision in the market [3]. A clean close above $3.00 could invalidate the bearish structure and initiate a rally toward $3.40–$3.60, with $4.00 as a longer-term target [3]. Conversely, a breakdown below $2.68 could push XRPXRP-- toward $2.22, as per classical chart patterns [4].
The XRP market is also influenced by regulatory developments, particularly the impending U.S. Securities and Exchange Commission (SEC) decisions on spot XRP ETF applications. Six applications, including those from Grayscale, Bitwise, and 21Shares, are set for rulings between October 18 and 25, 2025 [6]. Analysts estimate that approvals could unlock $3–$5 billion in institutional inflows, potentially doubling XRP's market capitalization and pushing its price toward $5.00 [6]. The Teucrium 2x Long Daily XRP ETF, which launched on schedule despite the U.S. government shutdown, exemplifies the growing institutional interest in XRP-based products [3].
Retail sentiment has also shifted, with Santiment data showing elevated bearish comments, a historical precursor to rebounds in retail-driven assets [3]. Whale activity further reinforces bullish expectations, as large holders have accumulated 120 million XRP in recent days, suggesting positioning ahead of potential ETF approvals [6]. CoinShares data reveals $93 million in inflows into XRP investment products in the prior week, contrasting with outflows in BitcoinBTC-- and EthereumETH-- ETFs [6].
Looking ahead, XRP's trajectory hinges on key catalysts. A successful breakout above $3.00 could trigger a surge toward $3.60–$3.62, while a breakdown below $2.75 may extend losses to $2.40 [6]. Analysts like Dark Defender and Ali Martinez project varied outcomes, with some forecasting a 20–30% rally if the cup and handle pattern completes [5], while others caution against a potential 15% drop to $2.40 if institutional demand wanes [4].
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