XRP is back. After weeks of unrest, the price is again above the $ 3 border. The crypto coin seems to be revived, and investors immediately feel that. In the meantime, the growing chance of an XRP ETF approval ensures extra tension in the market.
XRP Koers win terrain
The XRP race has risen by more than eleven percent in a week. The trade volume is also on the rise and rose by 32 percent to $ 7.57 billion.
The revival coincides with the expectations of seven Spot Exchange-Traded Fund (ETF) applications that will be assessed later this month. Among other things, Grayscale is on the list, with a deadline of October 18.
Machine Learning predicts a slight increase
The AI Signals platform from Finbold released three machine learning models on the market data to predict the XRP race before the end of October. Claude Sonnet 4 is the most optimistic and sees an increase to $ 3.45. Grok 3 keeps it at 3.15 dollars. GPT-4O falls out of tone and predicts a fall to $ 2.95.
The technical indicators show hopeful signs. XRP is broken above 20 and 50-day Moving Averages. The RSI is in a neutral area with 55.55, while the MACD and the Awesome Oscillator are careful.
XRP ETF approval can continue course
Investors are eagerly looking forward to the judgment of the American Securities and Exchange Commission (SEC) about the ETF applications. The first decision falls on October 18. Approval can attract institutional capital and possibly ensure a price rally. But if the sec rejects or postponed, a sales wave threatens.
So in the coming weeks are crucial for XRP. With a breakthrough above the resistance around 3.20 dollars, the next horde is at 3.40 dollars. Those price levels were previously tested in August.
