The XRP price is finally showing explosive signs of life, breaking out of a tight trading range and charging toward the key $3.00 level. This powerful move comes as the entire market gears up for a potential “Uptober” rally and, more importantly, as the SEC prepares to deliver a historic verdict on not one, but five spot XRP ETF filings.
Technical Breakout: The Reversal Begins
After weeks of sluggish consolidation, XRP has decisively broken above the $2.83 resistance. The token is now trading at $2.85, up 2.6% in 24 hours, as buyers aggressively step in.
Technical indicators are flashing the first green lights in weeks. The RSI has rebounded from oversold conditions, and the MACD suggests bearish momentum is fading. For this XRP price prediction to turn explosively bullish, the token must achieve a daily close above the $2.90 – $3.00 resistance wall. If it does, it could trigger a powerful rally toward $3.20 and even $3.50.
The Billion-Dollar Catalyst: SEC ETF Verdict Imminent
The real fuel for this XRP price prediction is a monumental regulatory event. Between October 18 and October 25, the U.S. Securities and Exchange Commission (SEC) is set to rule on spot XRP ETF applications from financial giants including:
- Grayscale
- Bitwise
- 21Shares
- WisdomTree
An approval would open the floodgates to institutional capital, mirroring the massive price surges seen in Bitcoin and Ethereum after their ETFs launched. This decision is the single biggest factor influencing the mid-term XRP price prediction.
The Verdict: A Pivotal Moment for XRP
XRP is at a critical inflection point. The technical breakout is promising, but the upcoming SEC decision is what will make or break the rally. A positive ETF verdict could validate this XRP price prediction and unleash a tidal wave of buying pressure, finally propelling XRP into a new, sustained bullish phase. All eyes are on October.