XRP price defended a critical support level at $2.70, as recent news saw technical indicators suggested a potential bounce toward $3.15 and higher targets in late 2025.
As of press time, XRP traded at $2.94, up by 4% in the past 24 hours. The price action confirmed buyer interest at lower levels.
Volume increased during the bounce from support, indicating accumulation rather than distribution.
Crypto analyst Ali Martinez posted technical analysis on Oct. 1, stating that the token could bounce toward the $3.00 to $3.15 range, as per observations in recent Ripple XRP news.
The chart showed Ripple coin maintained its position above the key $2.70 level through recent market volatility.
The four-hour price chart displayed consolidation around the $2.90 area. Horizontal resistance zones appeared at $3.20 and $3.60 based on the technical setup.
The support hold validated the $2.70 level as a critical demand zone for the token. Failure to hold the support could have sent Ripple XRP price to the $2.40 price level, according to previous analysis.
Appealing to South Korean Traders
In recent XRP news, trading volume surpassed Bitcoin on Upbit on Oct. 1, according to CoinGecko data.
The South Korean exchange ranks as the country’s largest centralized trading platform, with XRP representing $288.7 million in daily trading volume compared to Bitcoin’s $243.8 million.
South Korean exchanges historically drove significant price movements for select cryptocurrencies.
The volume spike placed XRP as the second-most-traded asset on the platform, behind only Somnia. Bitcoin ranked third, despite having a larger market capitalization than the others.
Trading activity was concentrated in the XRP/KRW pair, reflecting strong retail interest from South Korean investors.
ETF Approval Timeline Takes Shape, Impact on XRP Price
In more XRP news, Bloomberg senior ETF analyst Eric Balchunas, altcoin ETFs are now with 100% odds of approval, making them a matter of “when” rather than “if.”
This is tied to two recent developments. On Sept. 17, the US Securities and Exchange Commission (SEC) approved generic listing standards for crypto ETFs, removing the requirement for individual 19b-4 filings for token-specific ETFs.
On Sept. 29, journalist Eleanor Terrett reported that the regulator requested issuers to remove their filings for multiple altcoin ETFs.
The reported reason is that the SEC aims to approve all requests through their new pathway. As of Oct. 1, seven XRP ETF applications remain pending with the Securities and Exchange Commission (SEC).
The filings included proposals from Bitwise, 21Shares, WisdomTree, Grayscale, CoinShares, Canary Capital, and Franklin Templeton.
Combined assets under management for these proposed products totaled over $150 billion. Approval timelines ranged from Oct. 18 to Nov. 14.
However, the SEC typically processes ETF applications in batches rather than individually, and Blockworks recently reported that Solana ETF approvals could come as early as the first half of October.
If turned into concrete, the Solana ETF approvals might prompt the same decisions for XRP ETFs next.
However, a potential US government shutdown threatened to delay the timeline. One source on the report noted that listing approvals were very unlikely during a shutdown.
ETF issuers prepared for rapid launches once approvals came through. Three separate sources indicated that next week represented a realistic timeframe for Solana ETF approval.
XRP Price Higher Timeframe Breakout Setup Develops
Sistine Research posted a technical analysis on Sept. 18 showing Ripple XRP forming a higher timeframe setup.
The chart displayed a multi-year consolidation pattern with the price attempting to break above previous resistance. The analysis included an arrow pointing toward potential upside to $5.
The technical setup showed XRP price trading within a broadening formation. Price action maintained above a rising support trendline throughout 2025.
A breakout above the $3.60 resistance level could trigger momentum toward the $5 target zone.
The volume profile on the right side of the chart showed significant liquidity clusters between $2.40 and $3.60. A sustained move above $3.60 would place the price in a low-resistance zone.
The setup suggested reduced selling pressure at higher levels if the breakout materialized, which can receive a boost from XRP ETF approvals.
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