- XRP price prediction stays bullish above $1.48, targeting $1.65 first and $1.70 next
- Short sellers lost $1.56 million of XRP’s $2.52 million in 24-hour liquidations
- Ripple and the XRPL Foundation launched XRP Asia to support builders across Asia-Pacific
XRP price prediction for October 6 stays bullish above $1.48, the support XRP needs to hold as it presses toward the top of a narrowing triangle.
XRP Price Analysis: Can XRP Break Out of Its Triangle Above $1.65?
XRP is still inside its triangle, trading near $1.52, up 0.13% today, and it needs a daily close above the upper line near $1.65 to break out. That zone also holds the late-September high and the Parabolic SAR at $1.64, which still sits above price, so a close above it would clear all three at once. The August high at $1.70 is the next stop.
XRP trades above all four major averages, with the 20-day EMA at $1.48 as the first support, followed by the rising lower line near $1.42 and the 50-day and 200-day EMAs at $1.39 and $1.38. The two lines meet near $1.61 in late October, so a decisive move is likely before the month ends.
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XRP Support and Resistance Levels for October 6, 2026
| Type | Price |
| Resistance | $1.65 |
| Resistance | $1.70 |
| Resistance | $1.80 |
| Support | $1.48 |
| Support | $1.42 |
| Support | $1.39 |
XRP News: EGRAG Crypto Sees $8 to $31.19 if XRP Clears $3.50
Analyst EGRAG Crypto posted on X that if XRP’s recent decline completed the second of five waves in an Elliott Wave count, the next move would be a third wave, usually the strongest of the pattern.
His targets are $8, $15.09 and $31.19, taken from Fibonacci extensions, and he says the count is only confirmed if XRP takes out its previous $3.40 to $3.50 high. That high is more than double today’s price and $8.00 alone is about five times it, so this is a long-range framework and not an October call, and it is his own count, not a confirmed forecast.
XRP News: ChartNerd Flags a Seventh Weekly Close Below the 50-Week EMA
Analyst ChartNerd said XRP has printed a seventh weekly close below its 50-week EMA and that bulls need to reclaim it as support if the trend is to continue toward $1.70 to $1.80.
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If that fails, he sees the 20-week EMA as the next short-term floor. He gave no price for either average, but his $1.70 target matches the August high that caps XRP’s triangle.
XRP News: Ripple and XRPL Foundation Launch XRP Asia From Singapore
Ripple and the XRP Ledger Foundation launched XRP Asia, a Singapore-based group meant to support builders and startups on the XRP Ledger across Asia-Pacific. It is led by Sabrina Tachdjian, who previously ran Asia-Pacific and payments work at the Hedera Foundation, and it will build on the existing XRPL Korea and XRPL Japan communities.
Planned programs include developer training, a partnership program for system integrators, hackathons and go-to-market help for startups, with the stated vision of making the ledger “the go-to blockchain for builders across Asia.” The announcement is XRP Asia’s own, gives no funding amount or program dates, and does not say how the effort would affect demand for the XRP token.
XRP Derivatives: Short Sellers Lose $1.56 Million in 24 Hours
Traders betting on a falling XRP price, known as short sellers, lost $1.56 million of the $2.52 million in forced closures over the past day. Open interest, the total value of bets still open, rose only 3.15% to $3.59 billion while trading volume jumped 63.71% to $2.46 billion, which suggests traders are swapping positions more than adding new money. Most still lean bullish, with Binance showing 2.21 long accounts for every short.
| Metric | Value | What it means |
| Short liquidations (24h) | $1.56M of $2.52M | Bets against XRP took most of the losses |
| Open interest | $3.59B, up 3.15% | Open bets edged higher |
| Futures volume (24h) | $2.46B, up 63.71% | Much heavier trading |
| Binance long/short ratio | 2.21 | About 2.2 long accounts for every short |
XRP Price Prediction for October 6: Can XRP Reach $1.70 or Fall to $1.38?
Bullish Case, Target: $1.70
XRP holds the 20-day EMA at $1.48 and closes a day above the triangle’s upper line near $1.65, which also clears the Parabolic SAR at $1.64. That puts the $1.70 August high in range, with $1.80 next if more short sellers are forced to close and open interest keeps rising.
Bearish Case, Risk Level: $1.38 (200-Day EMA)
XRP loses the 20-day EMA at $1.48 and the rising lower line near $1.42, which would break the triangle to the downside. A daily close below the 50-day and 200-day EMAs at $1.39 and $1.38 would expose the 100-day EMA at $1.33, a path that would fit ChartNerd’s view if XRP keeps failing at the 50-week EMA.
FAQs: XRP Outlook for October 6, 2026
XRP could extend toward $1.65 and then $1.70 if it holds above $1.48 and closes above the triangle’s upper line near $1.65. A daily close below the 50-day and 200-day EMAs near $1.39 and $1.38 would put the 100-day EMA at $1.33 in play.
$2 would need a gain of about 31% from $1.52, nearly double the best October in CryptoRank’s data, 16.9% in 2021, measured on monthly close. $8.00 would need about 425%, and the Elliott Wave count behind that target, from EGRAG Crypto, first requires XRP to clear its previous $3.40 to $3.50 high.
Yes, if it loses the 20-day EMA at $1.48, the rising lower line near $1.42 and the 50-day and 200-day EMAs near $1.38. $1.30 is a drop of about 15%, which four of the 13 Octobers since 2013 matched or beat, and the 100-day EMA at $1.33 sits just above it.
XRP Asia is a Singapore-based organization jointly founded by Ripple and the XRP Ledger Foundation to support builders, startups and communities on the XRP Ledger across Asia-Pacific. Its announcement gives no funding or program dates and does not say how it would affect demand for XRP.
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