XRP News Today: XRP's Fate Hangs on Fed Rulings and ETF Hopes as Key Levels Await Test

XRP has shown resilience in recent trading sessions, with price action consolidating around key support levels as traders monitor potential catalysts for a breakout. The token tested the $2.85 floor following a failed attempt to surge above $2.93, with macroeconomic pressures and regulatory developments shaping market sentiment Coindesk^[1]. Technical analysis highlights a critical juncture for XRP, as the $2.85 level has held firm despite heightened volatility, while the $2.92–$2.93 supply zone remains a key resistance barrier Coindesk^[1].

Traders are closely watching whether XRP can sustain a rebound from the $2.85 support or face further downward pressure toward $2.80. A successful retest of the $2.92–$2.93 range could signal renewed bullish momentum, contingent on favorable macroeconomic conditions, including Federal Reserve policy decisions and global trade dynamics Coindesk^[1]. Meanwhile, institutional accumulation and regulatory clarity, particularly regarding potential exchange-traded fund (ETF) approvals, are seen as critical drivers for long-term positioning Analytics Insight^[2].

Recent price action has also drawn attention to a long-term ascending triangle pattern spanning 362 days, with a potential breakout window anticipated between September and December 2025. Analysts note that a clean breakout above $3.10 could open the door to a rally toward $3.50, with $3.19 identified as a pivotal trigger zone . Conversely, a breakdown below $2.70 could expose deeper support levels at $2.33 or $1.79, underscoring the importance of maintaining buying pressure in the $2.93–$3.05 range .

The broader market context remains mixed, with XRP trading within a $0.08 range (3%) between $2.97 and $3.05 as of October 7, 2025 . Whale activity, including over $300 million in offloads, has added complexity to the price structure, though institutional flows have reinforced the $2.99 support. A breakout above $3.05 is seen as a prerequisite for advancing toward $3.10–$3.12, with macroeconomic catalysts, such as the Fed's October 29 rate decision, expected to play a decisive role .

Looking ahead, forecasts vary widely. A realistic scenario envisions XRP trading between $3.00 and $5.00 by December 2025, driven by ETF approvals and sustained institutional interest . More optimistic projections, however, suggest a potential surge toward $6.50–$17.50, contingent on a confirmed breakout from a falling wedge pattern and alignment of bullish forces . Conversely, bearish risks include a drop to $1.75–$2.03 if key support levels fail to hold .

Market participants are advised to monitor the $2.93 level as a critical inflection point, with a sustained breakdown invalidating the current bullish thesis. For now, XRP's technical structure and accumulation patterns suggest a period of consolidation, with the next major move likely hinging on macroeconomic clarity and regulatory outcomes Coindesk^[1].