Why XRP’s Time Below $3 Might Just Be the Calm Before the Storm!

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Key takeaways:

  • Optimistic investors are hopeful that XRP’s price will rise as the SEC decides on several XRP ETFs. 💰

  • Despite retail pessimism, whales have been gobbling up XRP-$1.1 billion worth! 🐋

  • If XRP breaks $3.30, brace for a 60% to 85% surge. Charts suggest a potential breakout. 📈

After XRP’s dramatic leap above $3 on October 2nd, it quickly lost momentum, dipping back to $2.84 by Tuesday. Alas, the daily close below the psychological level of $3 marked a loss of support from the 50-period exponential moving average (EMA), signaling a brief moment of weakness. But don’t be too hasty in writing it off; a closer look at structural and on-chain indicators reveals that this slump could be but a fleeting storm, with catalysts poised to fuel a recovery in the weeks to come. 🎢

XRP ETF Approvals: Will They Finally Unlock Institutional Inflows?

Ah, October-could this month be the one where XRP sees its big break? The U.S. SEC is approaching the final deadlines for 16 crypto ETF applications, including several spot XRP ETFs expected between October 18th and 25th. With regulatory changes made in September, the path to approval seems clearer than ever. 🍾

All eleven XRP ETF proposals have already passed their listing standards deadlines. This could mean one thing: the possibility of a multi-ETF approval bombshell. If this happens, analysts predict institutional inflows of $3 to $8 billion, reminiscent of the early days of Bitcoin and Ethereum ETFs. Hold onto your hats! 🎩

CoinShares data reinforces this optimism, showing that XRP investment products drew a cool $220 million in inflows just last week, pushing the year-to-date total to a staggering $1.8 billion. Now that’s some serious institutional interest. 😎

Whale Accumulation: Retail Pessimism Be Damned!

Meanwhile, while retail investors are mired in fear, uncertainty, and doubt (FUD), whales have been feasting on XRP like it’s the last buffet on Earth. Over the past three days, these deep-pocketed investors gobbled up a whopping 55 million XRP worth nearly $1.1 billion. 🦈

And, in case you were wondering, the Net Holder Position Change has stayed positive since August. Whales are clearly accumulating XRP around the $3 mark, signaling confidence. So, if you’re stuck in a pessimistic FUD loop, just remember: the whales are playing a different game. 😏

Traders Set Their Sights on a Potential $5 Moonshot

Despite the short-term consolidation, XRP’s overall price structure remains remarkably strong. It’s currently holding its highest-ever weekly and monthly closing ranges since its 2017 highs. Now that’s what we call resilience. 💪

In the words of crypto analyst EtherNasyonal, XRP broke free from its seven-and-a-half-year descending channel against Bitcoin back in late 2024. That’s a major shift in the market structure, and the consistent accumulation since then speaks volumes. 📉📈

The current chart pattern has all the makings of a bullish fractal, with the potential for 60% to 85% gains if XRP breaks decisively above $3.30. Trader Dentoshi also agrees, suggesting that this could lead to a major breakout. If you’ve got your popcorn ready, now’s the time to watch. 🍿

However, not everyone’s convinced. Veteran trader Peter Brandt warned that a daily close below $2.65 would confirm a descending triangle pattern for XRP, suggesting a downward spiral. As Brandt put it:

“IF it closes below $2.68743 (then I’ll be a hater), then it should drop to $2.22163.”

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2025-10-08 20:10