XRP has $ 3.17, 4% more in the last 24 hours, with a daily negotiation volume of $ 6 billion. The third largest cryptocurrency for market capitalization shows force as it approaches a key level. With the deadlines of the US SECs for Spot XRP ETF applications between October 18 and 25, the next few weeks could be great for Token.
XRP wins before the deadlines of the SEC
The SEC is still delaying decisions in multiple ETF applications of Spot XRP, including Franklin XRP ETF, which was presented in March. Although the final decision on Franklin is scheduled for November 14, most of the other presentations are expected to be in the window from October 18 to 25.
There are 15 ETF XRP applications under review. According to Polymket, merchants still assign a 93% approval probability before the end of the year.
This is similar to the period prior to the approvals of ETF Ethereum, where delays do not pounce feeling. For XRP, approval would be a big problem for institutional adoption and potentially new liquidity currents.
The Altcoin season is also contributing to this backdrop. The Altcoin season index is 78, indicating that capital is changing to assets that are not Bitcoin. This establishes that XRP well if the good news arrives in October.
Retail demand and higher futures data points
Beyond ETFs, chain and derivative data show a growing demand. Futures Open Interest (OI) at XRP averaged $ 8.51 billion this week, compared to $ 7,37 billion last week. More merchants go for a long time. While OI is still below the $ 10.94 billion in July, the constant increase means more confidence.
Financing rates have also moved higher, 0.0107% on Friday, and merchants are paying a premium to retain the lengths. Together, they show that the market is positioning for significant movements.
Key control that supports the upward case:
- Or up to $ 8,51 billion from $ 7.37 billion last week.
- Financing rates at 0.0107%, merchants are willing to pay for the lengths.
- Altcoin season to 78 index means rotation in Altcoins.
This means that merchants are preparing for an October catalyst that will unlock higher.
XRP price prediction: technical perspective
Technically, XRP pricing prediction has become optimistic after a breakdown of a descending wedge. This bullish investment pattern indicates that consolidation is over.
The price is above the EMA of 50 days to $ 3.0 and the EMA of 200 days to $ 2.12, which serves as a strong long -term support.
Fibonacci’s recreations show $ 2.99 as the recent launch of the Elunch; XRP is now testing resistance to $ 3.25. A break above this level could go to $ 3.43 and then $ 3.66, where sellers limited the July rally. If the impulse is maintained, the medium -term objectives cost $ 5 as institutional flows return to XRP.
The RSI is in 63 and is not overloaded. Recent bullish wrap candles indicate purchase pressure and align with the highest minimums established in July.
For merchants, a long tactical entry above $ 3.26, aimed at $ 3.43 and $ 3.66 with stops below $ 2.99, offers a good risk reward. If ETF approvals occur between October 18 and 25, XRP could exceed $ 3.66 and start a larger demonstration, potentially reaching $ 5.
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Post XRP pricing prediction: Why the deadlines of October 18 to 25 could trigger a break appeared first in Cryptonews.
