Quick overview

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XRP gained more than 1 percent this week but fell nearly 4 percent today, trading at $2.85..

XRP faced resistance at $3.07 after climbing above $3 earlier due to significant profit-taking by institutional wallets. With multiple spot ETF decisions expected in mid-to-late October, XRP’s volatility closely follows headlines about ETF applications.

 

Analysts suggest that if ETF catalysts perform as expected, a sustained break above $3.10–$3.30 could push the price toward $4.00–$4.20. Both bearish retail traders and ongoing accumulation near $3 indicate a contrarian setup, but fundamental sentiment remains divided.

A broad correction from recent record highs was triggered by a wave of profit-taking and overbought signals, causing the cryptocurrency market to retreat about 2 percent over the last day and decreasing the total market cap to $4.18 trillion. Major coins experienced sharp but mostly orderly pullbacks as the market cooled after last week’s surge.

While technical resistance and ETF-driven buying continued to influence prices, traders took profits, leading Bitcoin, Ethereum, and Solana to fall from their historic peaks. Analysts note strong institutional demand, solid support at new, higher levels, and strong inflows into ETFs, indicating that the overall mood remains positive.

Short-term projections are cautious: if Bitcoin doesn’t recover, it might test $2.60–$2.80. On bearish MACD crossovers, there could be a “doomsday” decline to $2.17 (50-week EMA).

However, October may turn bullish because the SEC is expected to make decisions on XRP ETFs in the middle of the month, which could replicate Bitcoin’s post-ETF spike to $116,000 in value. Analysts predict long-term averages of $3 to $35 for late 2025, with potential for growth to $ 4 or higher.