XRP is wiggling around like a cat in a sack, trapped in a descending wedge that’s got more twists than a Mississippi river bend. A bullish setup? More like a bearish joke, but who knows? Maybe the market’s just waiting for a better punchline. 😏
Investors will be closely watching October, a month that historically hasn’t favored the token. Still, shifting market conditions and institutional activity could alter the expected trajectory this year. Or maybe it’s just a case of “hope springs eternal,” even if the moon’s made of green cheese. 🌕💸
XRP Finds Demand
September highlighted a strong presence of institutional investment in XRP, with inflows totaling $210 million despite market volatility. Even after the mid-month crash, large players continued accumulating positions. This shows confidence in XRP’s long-term utility in cross-border payments and its relevance in the broader digital asset ecosystem. Or maybe they’re just hoarding pixels for a rainy day. 🌧️💾
Ricardo Santos, CTO at Mansa, told BeInCrypto that the sell-off during September likely came from retail traders rather than institutions. “Retail traders had leveraged up too much and got forced out when prices dropped. That’s where most of the selling came from,” Richard noted. Sounds like a game of musical chairs, but the music just stopped. 🎵💥
“Institutions went the other way entirely. We saw tokens move off exchanges into cold storage while whales continued to accumulate. Which is not surprising considering that we’re waiting on multiple XRP ETF decisions in Q4. You don’t move millions to cold storage if you’re planning a massive sell-off. September’s crash just gave institutions cheaper prices to build positions,” Richard stated. Aha! The whales are swimming in a sea of optimism, while the fish in the tank are panicking. 🐋🐠
Exchange net position data shows shifting investor behavior. For much of the month, sentiment leaned bearish as holders moved assets onto exchanges. As per Richard, this sale was the result of retail holders. “Retail traders had leveraged up too much and got forced out when prices dropped. That’s where most of the selling came from,” Richard noted. It’s like a circus, but the clowns are all in the red. 🎪📉
“Retail traders had leveraged up too much and got forced out when prices dropped. That’s where most of the selling came from,” Richard noted. A tragic tale of leverage and regret, served with a side of burnt toast. 🍞🔥
However, in the last week, more than 439 million XRP, worth over $1.2 billion, was withdrawn from trading platforms. This trend signals growing confidence among both retail and institutional traders. By moving assets off exchanges, investors appear committed to holding XRP, reducing short-term selling pressure. Or maybe they’re just playing hide-and-seek with their coins. 🕵️♂️🪙
XRP In The Past
Historically, October has been challenging for XRP investors. Data from the past decade shows average returns of -4.5% in October, making it the second-worst month of the year for the token. This track record has often left traders wary of betting on rallies during this period. It’s like a bad date-expecting something grand, but it’s just a letdown. 🌩️💸
However, Santos noted that 2025 could mark a deviation from the trend. Strong institutional inflows and shifting sentiment might counter historical weakness. “Ripple’s legal battles with the SEC are essentially resolved. Tokenized assets are live on the XRP Ledger with real transaction volume. We have multiple ETF applications in the regulatory pipeline. Previous Octobers didn’t have these catalysts. That historical pattern happened during years of regulatory uncertainty and zero institutional infrastructure. The October pattern has held for years, but I believe that this might be the year it doesn’t.” A David vs. Goliath story, but with more spreadsheets and fewer slingshots. 📊🗡️
“Ripple’s legal battles with the SEC are essentially resolved. Tokenized assets are live on the XRP Ledger with real transaction volume. We have multiple ETF applications in the regulatory pipeline. Previous Octobers didn’t have these catalysts. That historical pattern happened during years of regulatory uncertainty and zero institutional infrastructure. The October pattern has held for years, but I believe that this might be the year it doesn’t.” A David vs. Goliath story, but with more spreadsheets and fewer slingshots. 📊🗡️
XRP Price Needs To Break Out
XRP is currently priced at $2.87 while trading inside the descending wedge. The technical setup points to a possible bullish breakout, though confirmation is needed. The next resistance level stands at $3.02, a threshold that could determine the token’s direction in October. Or it could just be a cliffhanger, waiting for the plot twist. 🎬💣
If XRP breaks above $3.02, the move could trigger a rally toward $3.61. Such a surge would bring XRP price close to its all-time high of $3.66 in October. Combined with institutional interest, this scenario highlights significant upside potential should momentum continue. It’s like a rollercoaster with a “no safety belt” sign. 🎢🚡
“Everything depends on XRP holding current support levels. If those hold and ETF approvals start coming through, we could see momentum build toward $3-5 in October… I’m seeing $5-10 targets from various analysts for year-end, and they’re not unreasonable if institutional money flows in as expected. The volatility will be brutal at times, but this is the strongest setup I’ve seen in years,” Richard told BeInCrypto. A glass-half-full perspective, but the glass is made of tempered steel. 🥄🧱
However, the chances of XRP witnessing ETF approval may be this October. This is because the SEC’s recently introduced generic ETF listing rules have removed the need for a futures market to be in place before granting approval for spot ETFs tied to individual altcoins. Thus, the current applications for XRP and other tokens’ ETFs will likely be withdrawn. It’s like a magician’s trick-just when you think you’ve seen it all, the rabbit disappears. 🎩🐇
Owing to this, if the bullish outlook fails, XRP may fall below $2.75 and slip toward $2.64. A breakdown of this magnitude would invalidate the bullish thesis and potentially repeat October’s historic pattern of weakness, keeping investor caution high in the near term. Or maybe it’s just another day in the wild west of crypto. 🐎⚡
Read More
- Umamusume: All status effects and how to remove them
- Gold Rate Forecast
- Ted Lasso Rich List: The Wealthiest Actors in the Soccer Comedy, Ranked
- The Big Twist in PEACEMAKER Could Introduce Deep Cut DC Team
- PayPal’s Resurgence: A Molièrean Take
- Got $5,000? This Dividend ETF Could Be a No-Brainer Buy
- XRP’s Woes: A Dance with Bureaucratic Demons and Market Whimsy
- Is Lucid Stock a Screaming Buy After Uber’s $300 Million Robotaxi Bet?
- Eli Lilly’s Fall: A Tale of Market Whims 🌾
- Assessing the Peculiar Investment Terrain of Palantir Technologies
2025-09-30 18:26