XRP Nears $3 as ETF Hopes Fuel Bullish October Outlook

Published October 2, 2025 14:40

Margarita Baskakova

International Managing Editor

With support at $2.80 and SEC rulings on spot XRP ETFs due this month, analysts see October as a turning point for the token

XRP climbed nearly 5% in the past 24 hours to trade just under $3, with analysts pointing to October as a potentially bullish month for the cryptocurrency.

The token has established strong support at $2.80, a level where onchain data shows billions of XRP were previously accumulated. Analysts say this foundation could drive a breakout from its current descending triangle pattern, targeting gains of up to 23% toward $3.66.

«XRP is compressing within a triangle as buyers defend $2.8,» said Alpha Crypto Signal. «This sets up for a decisive move.»

Further momentum could come from looming U.S. Securities and Exchange Commission (SEC) rulings on six spot XRP exchange-traded fund (ETF) applications, with deadlines between October 18 and 25. Approval could open the door for significant institutional inflows, echoing the effect of recent Bitcoin ETF launches.

XRP’s record quarterly close this week, along with renewed whale activity, has strengthened bullish sentiment. Some analysts suggest a breakout could extend toward $4.20 if market momentum accelerates through October.