XRP Surges 3.2% Amid Political Support for Crypto Infrastructure

XRP's latest price was $2.96, up 3.2% in the last 24 hours. The cryptocurrency has been a subject of significant interest in the community, with bears eyeing key support levels and bulls hoping to reclaim critical resistance zones. The market has shown weakness, with capitalization dropping sharply over the past week. Risk sentiment remains low, dragging on large-cap altcoins. For XRP, technical indicators mirror this trend, with momentum cooling and the token moving sideways. Unless buyers step in with a strong push, the token could stay trapped in this range or slide into a deeper pullback.

Despite the short-term uncertainty, XRP continues to show resilience compared to earlier in the year when it traded near $2. Long-term investors still view $2.00 and $2.55 as strong accumulation zones, with these levels holding firm during prior sell-offs. For now, all eyes remain on the $3.30 resistance. If bulls reclaim it, sentiment could quickly turn. If not, bears may extend their grip further into the $2 range.

For decades, major banks have resisted the rise of digital assets that compete directly with their services. XRP, developed by Ripple, has been one of the most prominent examples, designed to streamline international payments at lower cost and with faster settlement than traditional channels. Today, analysts argue that this resistance is losing ground, as calls for an updated financial infrastructure are becoming mainstream, even from political leaders. Traditional banking institutions have long opposed innovations that challenge their dominance, particularly products that could replace or undermine savings accounts and cross-border transfers. The reason is straightforward: if consumers can earn interest directly on digital assets, banks risk losing one of their primary advantages. This pushback reflects how threatened the financial sector feels by blockchain-based solutions that give customers cheaper and more efficient alternatives. However, recent political commentary suggests that momentum is shifting in favor of modernizing financial rails. President Donald Trump recently criticized the outdated infrastructure underpinning the U.S. financial system, describing it as several decades behind current technology. He advocated for an upgrade built on “crypto technology” to prepare the United States for a 21st-century economy. Although he did not reference Ripple by name, his remarks align closely with what Ripple has developed. The XRP Ledger is specifically designed to enable fast, inexpensive international transfers, addressing exactly the shortcomings that Trump highlighted. Analysts note that Trump’s comments underscore a broader recognition among policymakers that legacy systems no longer meet modern demands.

At the center of this discussion is SWIFT, the dominant international payments messaging system. Despite its long-standing role, critics argue that it is slow, expensive, and unsuitable for the digital era. Ripple’s system provides a clear contrast. By using the XRP Ledger, institutions can complete cross-border settlements within seconds, eliminating the reliance on intermediary banks. If widely adopted, this model could offer the liquidity and scalability necessary to challenge SWIFT’s dominance and transform global finance. While Bitcoin was created as a decentralized form of money, Ripple’s purpose has always been narrowly defined: to improve the efficiency of cross-border payments. This mission places it in direct competition with banks, which profit from the fees and delays inherent in the existing system. The scale of adoption will ultimately determine how disruptive the technology becomes. What is clear, however, is that Ripple represents one of the most credible challenges yet to traditional banking infrastructure. The global financial system is under increasing pressure to modernize. While banks have resisted blockchain technology for years, recent political support for crypto-based solutions highlights a shift in direction. Ripple’s technology fits squarely into this conversation, offering the speed, efficiency, and scalability that leaders like Trump are now demanding.

XRP appears to be gearing up for a rebound. After a period of price correction, technical indicators are now signaling a potential buy opportunity. This comes after XRP’s price action aligned perfectly with previous sell signals, suggesting the system behind this timing may have strong predictive capabilities. The latest signal points to renewed bullish momentum, attracting both short-term traders and long-term investors. With the broader market also seeing renewed interest, XRP could be set for an upward move if the trend continues. Technical analysts have pointed out that XRP recently hit a key support zone, from where it has historically bounced. Moreover, momentum oscillators like the RSI (Relative Strength Index) are moving out of the oversold region, typically indicating a possible price reversal. The signal, which previously marked the top accurately, now shifts to a buy—often a sign that the downtrend is weakening and a bullish reversal is in play. If buying pressure increases, XRP may test resistance levels near $0.60 and beyond. For traders, this is a potential entry point, especially those who trust momentum-based strategies. However, as always in crypto markets, risk management is key. The recent signal doesn’t guarantee an immediate breakout, but it does add to the bullish sentiment building around XRP. Whether this turns into a full rally or just a short-term bounce remains to be seen, but for now, XRP seems poised for action.

October may be the turning point for XRP. Two critical developments loom: the SEC’s final decisions on multiple spot XRP ETF applications and Ripple’s application for a U.S. national banking charter, both expected toward month-end. Investors are watching closely as institutional access and regulatory clarity converge, potentially determining whether XRP breaks out or stalls. Rumors and performance targets are already fueling debate: some analysts forecast upside to $4 – $5 if ETFs clear approval, while more ambitious models stretch into double-digit territory. With price hovering near $3, the weeks ahead could either set the stage for a breakout or confirm a period of consolidation. The SEC has pushed back decisions on several high-profile XRP ETF applications, submitted by firms like Grayscale, 21Shares, CoinShares, and Franklin Templeton, with final deadlines now set between October 18 and 25. Alongside this, Ripple’s bid for a national bank charter is pending, reportedly under review with similar timing constraints. Regulatory clarity on both fronts could open the floodgates for institutional flows; without it, XRP may continue to face downward pressure. As momentum builds, sentiment is increasingly hinged on whether October’s outcomes reward or frustrate bullish expectations. XRP currently trades near the psychologically significant $3 level. Recent delays in ETF decisions have already pulled the price marginally lower, hovering near $2.90–$3.00, a range technical analysts identify as critical support. A decisive break above resistance in the $3.15–$3.20 area could pave the way for a run toward $3.50 or higher. Conversely, a drop below $2.90 risks deeper correction. On-chain metrics reveal reduced XRP supply on exchanges, suggesting holders are accumulating rather than selling, possibly pre-positioning for October’s catalysts. Analyst sentiment tilts bullish: Peter Brandt forecasts a 60% rally toward ~$4.47, while Tony “The Bull” Severino sees potential for a staggering 333% surge in a matter of weeks. Other models extend the upside even further: in bullish scenarios where ETFs and licensing succeed, some target XRP reaching $9-$10, or even as high as $12.60, depending on broader adoption and financial integration. At this stage, October isn’t just another month; it’s potentially the catalyst for a multi-month rally. As XRP waits for regulatory clarity, the token could either regain bullish footing or settle into extended consolidation. Those watching closely may see one of the following outcomes: If approvals come through, XRP could quickly challenge $4-$5, potentially much more. If approvals fall through or get delayed, the crypto market could pause while sentiment recalibrates.

Recent developments concerning XRP highlight ongoing market analysis and ecosystem advancements. An algorithmic model has projected potential future valuation ranges for the digital asset by late summer 2025, citing regulatory progress and network improvements as key contributing factors alongside broader cryptocurrency market sentiment. These projections emphasize the use of historical data and evolving conditions to model potential trends, while underscoring the inherent volatility of the crypto market where regulatory shifts or macroeconomic changes can impact outcomes.

Analyst commentary has emerged suggesting significant potential appreciation for XRP should certain market milestones be achieved. One prominent prediction specifically linked the possible introduction of a spot exchange-traded fund (ETF) as a catalyst for this projected growth. While details vary, the core argument hinges on the belief that increased accessibility through traditional financial vehicles could substantially broaden adoption and investor base.

Within the exchange sector, indications point towards potential upcoming developments for XRP. A leading U.S.-based trading platform has recently hinted at significant forthcoming news related to the asset. Such signals often precede announcements concerning new trading options, enhanced support, or integrations, reflecting ongoing efforts to expand the token's utility and market presence.

Looking at its fundamental role, XRP and the underlying XRP Ledger (XRPL) continue to position themselves as infrastructure for efficient cross-border value movement. The technology aims to serve financial institutions by facilitating faster and more cost-effective transactions. This focus on enabling institutional-grade payment flows forms a cornerstone of its stated utility and long-term development strategy, differentiating its intended use case within the broader digital asset landscape.