- XRP price today held $2.67 support while Bitcoin stayed above $109K
- Analysts warned XRP price could dip to $2.60 before rebound in October
- ETFs and Fed policy are key October drivers for XRP price momentum
XRP price today shows the token consolidating after weeks of market pullback. XRP price fell from $3.65 in mid-July to about $2.69 over the weekend, while Bitcoin dropped from nearly $125,000 in late August to just above $109,000.
The retreat put major cryptocurrencies under pressure, though analysts said the move looked like a temporary shakeout before a bullish run recovery in October.
Related: Eric Trump Urges ‘Buy the Dip’ as BTC, ETH and XRP Recheck Support. Is Now the Chance?
XRP Price Support at $2.67 Remains Intact
The $2.67 level has acted as key support for XRP price for several months. Analysts said holding this range signals consolidation ahead of the next XRP rally.
On-chain data reflects around 16% of XRP’s circulating supply, more than 10 billion tokens, has not moved in over a year, highlighting confidence among long-term holders
XRP News Catalysts in Focus for October
Analysts highlighted several upcoming events that could shape XRP price momentum in October. These include::
- Potential approval of spot crypto ETFs in the U.S., with applications tracked on the SEC’s official filings database.
- Progress on regulatory clarity, with the EU’s Markets in Crypto-Assets (MiCA) regulation already approved and phased implementation underway (European Commission).
- Expectations of Federal Reserve cutting rates to the 3.75–4.00% range at their October 29 meeting, with CME’s FedWatch Tool showing the market pricing of easing odds.
These events could bring institutional inflows and liquidity back into XRP and other major cryptocurrencies.
Related: XRP Liquid Staking Expands While Critics Warn of Yield Risks
XRP Price Downside Risks Before Recovery
Should investors expect short-term declines?
Market watchers said XRP price could slip further before staging its next rebound. If broader weakness persists, XRP may test $2.60 or even $2.37, representing a correction of about 10% from current levels.
Historically, dips of this size often came before sharp rebounds when ETF approvals or policy shifts renewed buying.
Could XRP Reach New Highs?
Analyst Egrag Crypto said that XRP has a key buying opportunity below $3. If the market forms a strong bullish weekly candle, XRP could aim for new all-time highs, possibly around $7.30.
The cryptocurrency is holding above the bull market support band, keeping the overall bullish trend intact.
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