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XRP, the digital asset associated with Ripple Labs, is poised for a critical technical development in October 2025 as it consolidates near $3. Analyst Egrag Crypto has highlighted a symmetrical triangle pattern on the daily chart, with
pressing against key resistance levels at $3.08 and $3.13. A decisive close above these levels, sustained for three days, could trigger a rally toward $3.30–$3.46, according to technical analysis. Conversely, a failure to hold these levels risks a pullback to $2.65, where the 200-day EMA and horizontal support converge [1].Derivatives activity underscores heightened volatility. Open interest in XRP futures reached $8.95 billion, near yearly highs, while options volume surged 45% and open interest doubled [2]. Binance data reveals retail traders favoring long positions, with a ratio of over 3:1, though larger accounts remain cautious [2]. Spot inflows have also returned after a $300 million exodus, with $15.8 million entering markets on October 6-a potential bullish signal [2].
Egrag Crypto emphasizes that XRP must close above $3.13–$3.20, dubbed the "pinkish square," to confirm a breakout. This zone has repeatedly failed to hold a 3-day close, keeping XRP in a macro range of $2.65–$3.65 [8]. A sustained move above $3.13 could target $4.40, while a rejection may force a retest of $2.65 [6]. Analysts also note that XRP's price remains above key EMAs ($2.33, $1.79, $1.29), indicating long-term trend resilience [3].
October's significance is amplified by regulatory developments. The U.S. Securities and Exchange Commission (SEC) is set to rule on multiple spot XRP ETF applications between October 18 and 25 . A favorable outcome could inject institutional capital, mirroring the $38 million debut of REX/Osprey's XRPR ETF in late September. Additionally, XRP's onchain data shows significant accumulation around $2.75–$2.80, with nearly 4.3 billion tokens held in that range .
Technical indicators remain neutral but lean bullish. The RSI stands at 51.45, while the MACD shows a narrowing bearish gap, suggesting waning selling pressure [5]. Momentum analysts caution that a clean breakout above $3.08 with volume is essential to avoid a "bull trap," where temporary gains precede a reversal [9].
Historical patterns further support optimism. XRP has formed a 362-day ascending triangle, with a projected breakout window between late September and December 2025 [3]. A similar pattern in 2024 preceded a 500% rally, and a 2025 repetition could see XRP
$3.65 or higher .Inflows and derivatives positioning suggest market positioning is aligned for volatility. Coinglass data shows XRP's futures open interest at $7.94 billion, up sharply from sub-$2 billion earlier in 2025 [4]. Analysts attribute this to a 280-day consolidation phase nearing its end, with price compression and volume buildup signaling a potential move [4].
Egrag Crypto's analysis underscores the pivotal role of October. A successful breakout above $3.13 could validate the triangle pattern and align with broader market sentiment, particularly if ETF approvals materialize. However, traders must remain cautious, as a failure to hold key levels could trigger a retest of critical supports [6].
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