Crypto: XRP could experience a historic flight this month

In the space of a few days, the Crypto of Ripple crossed several determining technical thresholds, awakening the anticipations of a bullish rally this month of October. In a context where the indicators align and where the regulatory deadlines are getting closer, the looks turn to an asset long relegated to the background. What if XRP became the trigger for the next Haussier movement?

Technical signals which announce a possible explosion of the price

The XRP has started a marked upper dynamic by crossing a level of support deemed capital by analysts, while David Schwartz has just left his CTO post at Ripple.

Indeed, the price of the crypto has increased from $ 2.69 to almost $ 3 in a few days, standing above the strategic zone of $ 2.75 to $ 2.80. This area constitutes an important base, in which nearly 4.3 billion XRP tokens were acquired.

For Alpha Crypto Signal analysts, this configuration marks a pivotal moment. “The XRP is currently negotiating in a descending triangle while buyers continue to defend the support area at $ 2.80”they explain, adding that “This compression is preparing a decisive movement”.

Technically, Several elements converge Towards a scenario of an imminent bullish break:

• The support between $ 2.75 and $ 2.80 held, confirming a massive accumulation area;

• The formation of a downhill triangle suggests compression of the price conducive to an upward explosion;

• The $ 3 threshold corresponds to a major resistance, located at the Fibonacci 0.618 trace level;

• In the event of a frank break, analysts anticipate an increase to $ 3.40 or even $ 3.66;

• Analysts even evoke the possibility of a movement around $ 4.20 if the break is supported by a strong volume and institutional purchases.

These data, all based on technical indicators and on-chain, reveal a potentially explosive month of October for the XRP, provided that the signals are confirmed by the next market movements.

Waiting for XRP ETF: a catalyst or a regulatory mirage?

In addition to these technical signals, attention is now focused on another potentially explosive factor: the possible approval by the dry of several ETFs in cash on the XRP. The situation could experience a turning point in mid-October, since six requests are awaiting a decision, including that of Grayscale, with a deadline set for October 18.

The other files will see their fate sealed between October 19 and 25. This regulatory sequence intervenes in a more peaceful climate, following the resolution of the dispute between the dry and ripple, which feeds hopes with a partial or total green light.

If the commission were to partially approve these ETFs, the consequences could be immediate. The example of the XRPR fund of Rex/Osprey, launched on September 18, illustrates this craze well. He recorded $ 38 million in volume from the first day of rating.

This precedent feeds speculation on a massive influx of institutional capital in the event of approval. The impact of such a decision would exceed the simple framework of the price increase. It would be a real legitimization signal for XRP, likely to boost its liquidity, to expand its investor base and to promote increased adoption in professional portfolios.

Ultimately, if these ETFs are validated like inclusion in the Hashdex Nasdaq ETF, the XRP could start a new maturation phase on the market, like the path taken by other cryptos after the arrival of regulated financial products. On the contrary, however, a rejection of requests could shower the current enthusiasm, strengthening volatility around the assets and highlighting the uncertainty that continues to weigh on the crypto ecosystem against regulators.