XRP at $2.84: Balancing Seasonal Weakness and Catalysts Awaiting U.S. Decision
XRP, currently trading at $2.84, is facing resistance at $2.81 and support at $2.75. The cryptocurrency is in a critical phase, balancing seasonal weakness and powerful new catalysts in the coming weeks.
A U.S. decision on the 21Shares Core XRP Trust is expected by October 18, 2025, which could act as a decisive catalyst for XRP's price. Historically, XRP's October performance has been mixed, with both gains and losses recorded in previous years.
XRP is currently in a consolidation phase, trading above its 200-day SMA but below the 50-day SMA. A symmetrical triangle pattern signals a potential bullish move to $3.60 and beyond. Institutional inflows tied to potential XRP ETF approvals could further boost the price. The REX-Osprey XRP ETF launch earlier this year marked a notable milestone for XRP, paving the way for potential ETF approvals in the U.S.
The next two weeks are crucial for XRP, as it navigates seasonal weakness and awaits regulatory decisions. Longer-term price predictions for 2025 range between $3.50 and $5, assuming regulatory clarity and favorable market conditions. Marktbeobachter expect a U.S. decision on XRP ETF approval in late 2025, which could significantly impact XRP's price.
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