XRP News Today: SEC's October Rulings to Decide XRP's $4 or $2.00 Destiny

XRP maintains a critical consolidation near $2.93 as the descending triangle pattern approaches its apex, with technical and regulatory factors converging in October. The cryptocurrency has been trading within a defined channel since late 2024, forming a structure similar to the July 2025 breakout that drove a 66% rally. Current price action suggests a potential 35% upward move to $4 if the descending triangle is breached this month, though bearish risks persist due to the pattern's historical resolution ratesXRP Price Prediction: How XRP Could React After OCT …^[1].

Technical analysis highlights the $2.80–$2.90 range as pivotal. A breakout above $2.90 could trigger a rally to $3.66, with Fib extensions projecting further upside to $3.97 and $4.20XRP price: Why October will be the most bullish month …^[3]. Conversely, a breakdown below $2.80 may drive the price toward the $1.80–$2.00 support zone, aligning with the on-chain realized price levelXRP price predictions above $3 in 2025 have one major …^[2]. The RSI and MACD indicators currently show neutral-to-bullish bias, with volume surges observed during recent consolidation attemptsXRP Price News: Consolidates Under $3 as Descending Triangle …^[4].

Regulatory developments could act as a decisive catalyst. The U.S. Securities and Exchange Commission (SEC) is set to rule on six spot XRP ETF applications between October 18 and October 25, 2025XRP Price Prediction: How XRP Could React After OCT …^[1]. Approval of these filings, particularly the Grayscale and 21Shares applications, could inject institutional capital and validate XRP's utility in mainstream finance. Analysts note that ETF approvals have historically amplified short-term price momentum, as seen with Bitcoin's 2024 rallyXRP price: Why October will be the most bullish month …^[3].

Market participants remain divided on the triangle's resolution. While bullish scenarios project a $4 target by October's end, bearish analyses caution that descending triangles resolve downward 54% of the time in crypto marketsXRP price predictions above $3 in 2025 have one major …^[2]. Whale inflows of 340 million XRP over recent weeks have bolstered short-term support, but sustained buying pressure above $2.90 is required to confirm a breakoutXRP Price News: Consolidates Under $3 as Descending Triangle …^[4].

The October timeframe represents a high-stakes inflection point for XRP. A successful breakout could mirror July's rally and position the asset for year-end gains, while a breakdown may delay further progress until broader market conditions improve. Institutional adoption and regulatory clarity will remain key drivers, with the SEC's decisions potentially reshaping XRP's trajectory in the coming weeksXRP Price Prediction: How XRP Could React After OCT …^[1]XRP price: Why October will be the most bullish month …^[3].