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 XRP Price Rises Above $2.50, Faces Resistance at $2.60^[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 XRP Price Rises Above $2.50, Faces Resistance at $2.60^[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 XRP Price Forecast: Outpacing Bitcoin & Ethereum in 2025^[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 XRP Price Forecast: Outpacing Bitcoin & Ethereum in 2025^[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 XRP Price Forecast: Outpacing Bitcoin & Ethereum in 2025^[3]. Conversely, a breakdown below $2.68 could push XRP toward $2.22, as per classical chart patterns XRP Price Sheds 4% as Analysts Signal a Possible Rebound Ahead^[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 XRP Price Prediction October 2025: ETF Catalysts Could Push^[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 XRP Price Prediction October 2025: ETF Catalysts Could Push^[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 XRP Price Forecast: Outpacing Bitcoin & Ethereum in 2025^[3].

Retail sentiment has also shifted, with Santiment data showing elevated bearish comments, a historical precursor to rebounds in retail-driven assets XRP Price Forecast: Outpacing Bitcoin & Ethereum in 2025^[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 XRP Price Prediction October 2025: ETF Catalysts Could Push^[6]. CoinShares data reveals $93 million in inflows into XRP investment products in the prior week, contrasting with outflows in Bitcoin and Ethereum ETFs XRP Price Prediction October 2025: ETF Catalysts Could Push^[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 XRP Price Prediction October 2025: ETF Catalysts Could Push^[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 XRP Price Prediction & Analysis: Cup and Handle Pattern Breakout Coming Soon^[5], while others caution against a potential 15% drop to $2.40 if institutional demand wanes XRP Price Sheds 4% as Analysts Signal a Possible Rebound Ahead^[4].