Is XRP Price Going to Recover in October?

Main meals:

• XRP exceeds a critical level in September, which raises hopes for a possible recovery in October.

• Breaking the resistance of $ 2.81 is the key, as the technologies expect about 30 % to $ 3.62.

XRP (XRP) has been trading in the monthly open, about $ 2.77 after a decrease of 14 % over the past two weeks. Keeping this level, Sparks hopes that the recovery will be in the cards that reach October.

The price of XRP should be above $ 2.75

XRP faces a decisive test near September 1 open about $ 2.75, according to analysts.

This level coincides with the lower limits of a similar triangle, as shown in the daily chart below. Keeping the trend line would increase the chances of breaking over the descending trend line of the 2.86 dollar graphic (SMA). This step can lead to the difficult goal of the triangle at $ 3.62

The Glassnode distribution map shows that a large range of demand ranges between $ 2.75, where approximately 1.58 billion XRP has been obtained, which enhances the importance of this level.

However, there is a supply wall sitting about $ 2.81 (adopted by SMA for 100 days), which can hinder any short -term recovery efforts.

Related to: Will the price of XRP be disrupted after it decreases to less than 3 dollars again?

On the contrary, a decrease less than $ 2.75 can sell another about 2.00 dollars, which is the declining target of the similar triangle.

“$ XRP is still in a strong upscale unification,” He said Analyst Hardy in the X Publishing on Sunday, adding that as long as the price exceeds 2.72 to $ 2.75, “the bullish potential in playing”.

The XForceglobal Fellowship indicated that the more XRP is more than $ 2.75, the stronger the penetration, adding that the $ 20-30 goals are still playing.

As CointeleGRAph said, XRP can decrease to $ 2.50 before the price recovery, based on the Fibonacci extension analysis.

October is usually a bad month for XRP

Unfortunately for biopitias, XRP tends to struggle in October. Since 2013, the price has been closed in red for seven of the past twelve months, with average revenue decreased around 58 %.

However, the month of November is the best month, which makes the period between October and December the best quarter for XRP prices. This is the only three period with average gains of 51 %, according to data from Cryptorank.

Looking at recent years, XRP has gathered about 240 % in the second quarter/2024 and 20 % in the fourth quarter/2023. The assembly was more authentic in 2017 with gains of 1064 % between October 1 and December 1.

Even in bear sessions, such as 2018-39.1 % and 2022 -29.2 % of the losses were extremist values. However, in any case, the last quarter of the year constantly provides great moves.

If history is anything that must go through, the XRP price procedure may completely reverses in the fourth quarter/2025, and this recovery may start by mid -October.

XRP ETFS can excite “UPTOBER”

ETF light for the month of October can add Tailwinds to XRP Rally, with SEC appointments looming on the middle of the month.

Franklin Templeton XRP ETF decision was paid to November 14, while XRPR appeared from RX/OSPREY on September 18 by about $ 38 million in the size of the first day.

Grayscale’s decision is expected on October 18, with the main deadlines for other applications that fall between October 19 and October 25.

SEC standards simplicity and clarity of a lawsuit after recovery I pushed the probability of approval to 100 % By December 31, he opened between 4 to 8 billion dollars in the first year flows, according to analysts.

However, market participants also warned that this possible event may be partially priced, which increases the risk of the conversion of approvals to the “news sale” event.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.