XRP News Today: XRP Faces Pivotal October with SEC ETF and Banking Charter Decisions Looming

XRP is at a pivotal crossroads in October, with two major regulatory decisions expected to shape its immediate future. The U.S. Securities and Exchange Commission (SEC) is set to announce its final rulings on multiple XRP ETF applications from firms including Grayscale, 21Shares, CoinShares, and Franklin Templeton between October 18 and 25 [1]. Simultaneously, Ripple’s application for a U.S. national banking charter, also reportedly under review with a similar timeline, could redefine the regulatory landscape for the asset [1]. These developments are closely watched by investors, as they may unlock institutional demand and bring much-needed regulatory clarity to the XRP market.

The price of XRP is currently hovering near $3, a level considered critical by technical analysts [1]. The recent delay in SEC decisions has pushed the price slightly downward, keeping it within a $2.90–$3.00 range [1]. Analysts note that a breakout above $3.15–$3.20 could signal a stronger bullish trend, potentially pushing the price toward $3.50 or more. Conversely, a drop below $2.90 could trigger a deeper correction [1]. On-chain data shows a reduction in XRP supply on exchanges, suggesting that holders are accumulating rather than selling, possibly in anticipation of regulatory outcomes [1].

Market sentiment remains largely bullish. Peter Brandt forecasts a 60% rally, targeting a price of approximately $4.47, while Tony "The Bull" Severino envisions a more aggressive 333% surge in a short time frame [1]. More ambitious models, particularly those projecting successful ETF approvals and regulatory acceptance, suggest potential price targets as high as $9–$10, or even $12.60 [1]. These forecasts highlight the high-stakes nature of October for XRP, with regulatory outcomes potentially catalyzing a broader multi-month rally or reinforcing a period of stagnation.

Institutional interest and adoption dynamics are also on the rise. The potential approval of XRP ETFs could significantly enhance the asset’s accessibility and legitimacy in the eyes of institutional investors [1]. Ripple’s bid for a national bank charter, if successful, may further solidify the token’s status as a regulated financial instrument, altering the trajectory of adoption and usage in traditional finance.

Investors are advised to closely monitor several key indicators in October. These include the SEC’s rulings on ETF applications, Ripple’s banking charter decision, price movements and volume patterns, on-chain liquidity and exchange flows, and the broader narrative momentum across the crypto market [1]. A breakout above $3.20 or a failure to hold $2.90 could serve as early technical signals of the market’s direction. Additionally, as attention shifts toward alternative cryptocurrencies, early-stage projects with strong presale demand may benefit from capital rotations.

October is not just another month for XRP—it could define the broader market cycle. The convergence of ETF decisions, regulatory assessments, and market sentiment makes it a critical period for both short-term price action and long-term positioning [1]. While the outcome is uncertain, the potential for a significant shift in investor confidence is real. For those navigating this period, a balanced approach—combining established assets like XRP with high-conviction, narrative-driven projects—may offer strategic advantages.

Source: [1] XRP News: Why October Could Be the Make-or-Break Month (https://coinmarketcap.com/community/articles/68a63bf42545a531d3898986/)