XRP Price Recovery Relies on $2.75 Support as Analysts Predict 30% Rally

What could cause XRP to see a 30% rally in October?

Why is the $2.75 level so critical for XRP’s price movement?

What risks do analysts foresee if XRP fails to hold $2.75 support?


XRP Price Recovery Relies on $2.75 Support as Analysts Predict 30% Rally
Image source: Unblock Media
  • Key support at $2.75 identified as crucial for potential October rally.
  • ETF approvals and historical Q4 performance fuel optimism.

XRP’s price rally in October depends on holding a critical support level at $2.75, according to Cointelegraph on September 28, 2025. Analysts highlight this as a vital demand zone, as approximately 1.58 billion XRP were purchased at this price. If XRP stays above $2.75 and breaks the $2.81 resistance, it could surge by 30%, reaching $3.62.

Failing to hold $2.75 could lead to a sell-off, potentially driving the price down to $2.00. Analysts see these levels as pivotal for short-term price movements, with strong buyer interest making the support zone essential for recovery.

Institutional interest could play a significant role in XRP’s rally. Analysts link this to the anticipated mid-October approval of spot XRP Exchange-Traded Funds (ETFs), which might bring $4 to $8 billion in institutional capital within a year. Early signs of market demand appeared with the launch of the REX/Osprey XRPR ETF on September 18, which achieved $38 million in first-day trading. However, there’s caution about a potential “sell the news” effect that could limit post-approval price gains.

Historical data shows mixed October outcomes for XRP. Since 2013, XRP’s average return for October has been -4.58%. Despite this, XRP often performs well in Q4, averaging a 51% gain from October through December. Previous highlights include a 240% surge in Q4 2024 and a 20% rise in Q4 2023. Analysts believe these broader trends indicate significant potential for price movement later in the year.

As of September 28, 2025, 17:08 UTC, XRP is trading at $2.83, a 1.91% increase in 24-hour trading volume, according to CoinMarketCap.

telegram

Get real-time crypto breaking news on Unblock Media Telegram! (Click)

Article Info
Category
Market
Published
2025-09-28 17:11
NFT ID
PENDING
Get the latest news in your inbox!

Recommended News