The post How High Will XRP Price Really Go After ETF Approvals This Month? appeared first on Coinpedia Fintech News
October was expected to be a big month for top altcoins, including XRP, as investors expected ETF approvals. Instead, the crypto market faced unexpected shocks: a partial government shutdown and a flash crash that wiped out billions in market value.
Now, as the market slowly recovers, attention is returning to XRP ETFs. Many investors are asking whether these ETFs could trigger a big price rally or even a parabolic move.
Expert Analysis on XRP ETFs
An analyst close to the XRP community recently changed their stance on the impact of ETFs. Initially, they believed ETF approvals would have little effect on XRP’s price. However, they now see huge potential for ETFs to reshape XRP’s market dynamics.
The reasoning is simple: XRP has a strong real-world use case and a growing ecosystem. ETFs could attract institutional investment at a scale similar to Bitcoin ETFs, which reached $100 billion in assets shortly after approval.
If even a fraction of that capital flows into XRP, scarcity could drive significant upward pressure, especially as the XRP Ledger sees increased volume on decentralized exchanges. This could reduce supply on centralized exchanges, further amplifying potential price moves.
Technical Analysis: Current Price Levels
After the recent sell-off, XRP tested liquidity levels and now finds support at $2.42, aligning with the 0.618 Fibonacci retracement. The nearest resistance sits at $2.59.
To set up a stronger upward move, XRP needs to reclaim $2.74–$2.83 as support on higher timeframes. If successful, the next target could be $3.30.
Other technical indicators are showing mixed signals. The RSI shows the market is slightly oversold, while the L2 KDJ shows that the decline occurred without major selling pressure, indicating that the recent dip may have been a temporary liquidity event rather than a full-scale sell-off.
Currently, XRP trades around $2.85. Breaking $2.90 could confirm the bullish theory, pushing the price to $3.10–$3.50 as ETF approval confidence rises.
Balancing Realism
While historical examples like Bitcoin ETFs show fast post-approval growth, analysts say otherwise. XRP could see strong gains, but a $10, $20 or $100 price target remains unrealistic in the near term.
