Key control:
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XRP remains above a critical level in September, which increases hopes about a possible recovery in October.
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Breaking above the $ 2.81 resistance is key, with technicians who project around 30% recovery at $ 3.62.
XRP (XRP) quoted in the open months around $ 2.77 after falling 14% in the last two weeks. Holding this level, Sparks expects a recovery to be on cards in October.
The XRP price must be kept above $ 2.75
XRP faces a critical test near September 1 opens around $ 2.75, according to analysts.
This level coincides with the lower limit of a symmetrical triangle, as shown in the daily table below. Staying above the trend line would increase the possibilities of a break above the descending trend line of Table $ 2.86 (the simple mobile (SMA) of 100 days). This movement can result in reaching the bullish target of the triangle at $ 3.62
The heat map of the Glassnode start distribution shows that a large demand group is between $ 2.75, where almost 1.58 billion XRP were acquired, which reinforces the importance of this level.
However, there is a supply wall that is around $ 2.81 (adopted by the 100 -day SMA), which could prevent any short -term recovery effort.
Related: Is the XRP price to block after falling below $ 3 again?
On the contrary, a fall below $ 2.75 could trigger another sale of $ 2.00, the bearish objective of the symmetrical triangle.
“$ XRP is still in a solid bullish consolidation,” said the Hardy analyst in an X post on Sunday, adding that while the price is maintained above the range of $ 2.72- $ 2.75, the “upward potential remains at stake.”
The XForcegal analyst said that the more XRP consolidated around $ 2.75, the stronger outbreak, and added that the $ 20-30 objectives remain at stake.
As Cointegraph reported, XRP could fall to $ 2.50 before a price bounce, based on Fibonacci extension analysis.
October is usually a BADH for XRP
Unfortunately for the Bulls, XRP tends to fight in October. Since 2013, the price has closed in El Red for seven of the last twelve months, with the average returns falling. 4.58%.
However, November is the best month, which makes the period between October and December the best quarter for XRP prices demonstrations. It is the only three -month period with 51%AVAAGE profits, according to Cryptorank data.
When observing in recent years, XRP recovered around 240% in the fourth quarter/2024 and 20% in the fourth quarter/2023. The rally was more exponential in 2017 with profits or 1,064% between October 1 and December 1.
Only in bears cycles, such as 2018 -39.1% and 2022s -29.2% losses were atypical. But in any case, the last quarter of the year constantly offers significant movements.
If the story is something to happen, the XRP price action could be reversed in the third quarter/2025, and that recovery could begin in the middle of the criticism.
XRP ETFs can trigger “uptober”
The October ETF spotlight could add tail winds to the XRPS rally, with deadlines of the SEC that are coming in the middle of the month.
Franklin Templeton’s ETF XRP decision has been taken to November 14, while Rex/Osprey Xrpret on September 18 with almost $ 38 million in volume of the first day.
Grayscale’s decision is expected on October 18, with key deadlines for other applications between October 19 and October 25.
The standards of the simplified sec and the clarity of the demand after the undulation have led the probabilities of approval at 100% before December 31, unlocking a possible $ 4– $ 8 billion in first year tickets, conformity with the analysts.
However, market participants have also warned that this probable event can already be partial, increasing the risk that approval becoming an event of “selling the news.”
This article does not contain advice or investment recommendations. Each investment and trade movement implies risk, and readers must carry out their own investigation by making a decision.
