XRP News Today: XRP's $2.79 Support Tested Ahead of Landmark SEC Rulings

XRP's price has consolidated within a narrow range near $2.79, creating a technical setup that traders are closely monitoring for a potential breakout. Recent data shows XRP fluctuating between $2.79 and $2.83, with key Fibonacci support at $2.79 holding firm despite repeated tests. Analysts suggest this tight range, combined with rising futures open interest of $8.47 billion, indicates growing speculative positioning ahead of pivotal regulatory decisions XRP Traders Eye Bullish Breakout Toward $3.10. Here's Why^[1]. The price has also demonstrated resilience above the 55-week EMA at $2.20, reinforcing the broader bullish structure XRP Could See Breakout Toward $5 After Holding $2.79 Fibonacci …^[6].

Technical indicators highlight a critical juncture. The RSI, currently at 54, remains neutral, while the MACD shows a narrowing bearish divergence, signaling weakening selling pressure. On-chain data reveals passive buying activity has absorbed consistent outflows, with traders defending the $2.79 support zone. A breakout above $2.83 could trigger a move toward $3.00, with further targets at $3.10–$3.12 if institutional momentum sustains XRP Traders Eye Bullish Breakout Toward $3.10. Here's Why^[1]. Historical patterns, including a 362-day ascending triangle, suggest a potential breakout window between late September and early December 2025, with $3.05–$3.10 as key resistance Will XRP Explode in 2025? Chart Pattern Hints at Major …^[2].

Regulatory catalysts loom large. The U.S. Securities and Exchange Commission (SEC) is set to rule on seven XRP ETF applications between October 18 and 25, with approvals potentially unlocking billions in institutional inflows. Futures open interest and volume deltas indicate speculative positioning has intensified ahead of these deadlines. A favorable decision could mirror Bitcoin's ETF-driven rally, amplifying XRP's liquidity and price trajectory. Analysts estimate even partial approvals might drive inflows of $3–5 billion in the first year, potentially doubling XRP's market cap .

Macro factors further influence the outlook. The 96% probability of a Fed rate cut on October 29 adds to the risk-on sentiment, with lower interest rates historically boosting risk assets. XRP's price action aligns with broader market trends, as Bitcoin's recent consolidation near $105,000 suggests a potential Q4 rally could spill over into altcoins. Institutional flows, including over 1.5 billion XRP transacted in a single session, underscore growing adoption XRP Traders Eye Bullish Breakout Toward $3.10. Here's Why^[1].

Traders are divided on near-term outcomes. A sustained break above $3.05 could target $3.50–$4.00, while a failure to hold $2.79 might trigger a pullback toward $2.70 or deeper support at $2.33. Elliott Wave analysis implies a multiwave structure, with a potential parabolic move resembling XRP's 2017 bull run if institutional demand accelerates .

The market remains on high alert as October progresses. With technical alignment, regulatory deadlines, and macroeconomic shifts converging, XRP's next move could redefine its 2025 trajectory. Traders are advised to monitor liquidity near $2.79–$2.81, futures open interest, and ETF approval outcomes as key decision points.