XRP News Today: SEC & OCC Verdicts Could Make or Break XRP's $3.70 Breakout

XRP's price faces a critical test as it hovers near key resistance levels ahead of potential regulatory catalysts in October. Current data indicates XRP trading at approximately $2.82, with resistance clustered between $3.10 and $3.30, and a more formidable barrier at $3.70. Technical analysts highlight the $3.70 level as a "neckline" for a potential breakout, which, if breached with sustained momentum, could unlock 150–200% upside over the next 12–24 months, projecting a price range of $7.50–$8.50. However, recent price action shows XRP rejected above $3.07 on elevated volume, closing at $2.98 as sellers dominated much of the session .

The token's immediate challenge lies in reclaiming the $3.07 resistance level, which has proven difficult due to concentrated selling pressure. Institutional activity at this level has reinforced its role as a high-volume ceiling, while support remains intact near $2.98, where buyers have repeatedly defended the price . A failure to hold above $2.98 could push XRP toward $2.70–$2.80, with further downside risks to $2.40–$2.50 if this support fails.

October 2025 is positioned as a pivotal month for XRP, with two major regulatory decisions potentially influencing its trajectory. The U.S. Securities and Exchange Commission (SEC) is expected to rule on spot XRP ETF applications by late October, a decision that could mirror the Bitcoin ETF approval model and catalyze institutional inflows. Simultaneously, the Office of the Comptroller of the Currency (OCC) will decide on Ripple's national banking charter application, which, if granted, could legitimize XRP's institutional adoption and enhance its market profile .

Analysts caution that while these catalysts present upside potential, they also carry risks. The SEC's cautious approach to crypto ETFs and the OCC's stringent banking charter requirements could delay or deny approvals. Additionally, the proposed Responsible Financial Innovation Act (RFIA) might introduce compliance hurdles that affect XRP's cross-border utility .

From a technical perspective, XRP must reclaim the $3.07–$3.10 range to validate the bullish case. Sustained institutional inflows and favorable regulatory outcomes could drive a test of $3.10, but bearish control remains strong for now. The token's ability to maintain support near $2.98 will be critical in determining whether it can mount a credible rally or face further consolidation.