XRP News Today: Regulators' October Deadline Could Tip XRP's Fate as Price Tests Support

XRP fell below $2.99 resistance on October 8, 2025, amid institutional selling that triggered a breakdown from a key price level. The token's price dropped nearly 4% in a single session, with volume spiking to seven times the daily average as liquidation flows pushed XRP to $2.878 support. Traders are now monitoring whether the $2.85–$2.87 support band can hold, as a sustained breakdown could open the path to $2.70. The move follows broader market pressures, including regulatory scrutiny of Ripple's bid for a U.S. national banking charter, which faces a critical review deadline on October 7XRP Drops to $2.90 Support as Bullish Crypto Bets Rack up^[1].

Technical analysis highlights fragile order books and bearish momentum. XRP's 24-hour price range widened to $0.144 (4.8%), the largest in recent sessions, while the MACD histogram showed a slight bearish tilt. The RSI stabilized at 52.74, indicating neutral momentum but leaving room for further downward movement. On-chain data revealed a 19% increase in custody reserves on Binance over the week, suggesting distribution pressure despite whale accumulation. The 200-day moving average at $1.29 and the 50-day EMA at $2.33 remain critical long-term supportsXRP Drops to $2.90 Support as Bullish Crypto Bets Rack up^[1].

Ripple's regulatory challenges add uncertainty. The company's application for a U.S. national banking charter has drawn scrutiny from regulators, with the Oct. 7 deadline for the Office of the Comptroller of the Currency (OCC) review marking a pivotal moment. Legal clarity for XRP has improved since the SEC's favorable ruling on secondary sales, but questions remain about its role in Ripple's evolving fintech ecosystem. Analysts note that any delay or adverse outcome could weigh on institutional confidence, exacerbating selling pressureXRP Drops to $2.90 Support as Bullish Crypto Bets Rack up^[1].

Market sentiment remains mixed. While some bullish forecasts project XRP reaching $3.31–$5.00 by December 2025, bearish risks persist. A breakdown below $2.85 could trigger stop-loss orders and push XRP toward $2.70, with further declines possible to $2.57 (SMA 200). Conversely, a rebound above $3.19 resistance could reignite upward momentum, targeting $3.55–$4.48. The outcome hinges on volume confirmation and the ability to hold key support levelsXRP Drops to $2.90 Support as Bullish Crypto Bets Rack up^[1]XRP Price Prediction: Breakout to $3.31–$5.00 by December 2025^[2].

Broader macroeconomic factors also influence XRP's trajectory. Trade disputes and diverging central bank policies continue to siphon liquidity from crypto markets, affecting enterprise-facing tokens like XRP. Meanwhile, Bitcoin's recent $125K breakout could either lift altcoins or see XRP decouple, depending on market dynamics. The SEC's October ETF decisions may act as a sentiment catalyst, though XRP's path to institutional adoption remains distinct from Bitcoin and EthereumXRP Drops to $2.90 Support as Bullish Crypto Bets Rack up^[1].

Expert analysis underscores the pivotal role of upcoming catalysts. If XRP holds $2.85–$2.87, it could stabilize short-term concerns, but a sustained breakdown would validate a bearish bias. Ripple's regulatory outcome and Bitcoin's performance will be critical in shaping XRP's near-term direction. Investors are advised to monitor on-chain whale flows, particularly after Binance's reserve growth, and the broader distribution patterns that may signal accumulation or capitulationXRP Drops to $2.90 Support as Bullish Crypto Bets Rack up^[1].

The XRP market remains in a fragile equilibrium, with technical indicators and regulatory developments poised to dictate its next move. A decisive break above $3.19 with volume confirmation could reignite bullish momentum, while a sustained breakdown below $2.85 would likely accelerate the bearish scenario. Traders are closely watching for signals from Ripple's OCTC decision, Bitcoin's price action, and the SEC's ETF rulings, which could either stabilize or exacerbate XRP's volatility in the coming weeksXRP Drops to $2.90 Support as Bullish Crypto Bets Rack up^[1].