By Scott Cooper, updated October 10, 2025
XRP has shown a strong breakout recently, and after successfully holding the $2.70 support level, it is now poised to challenge the key $3.15 resistance level. As of October 8, the latest price of XRP was $2.96 USD. This wave is mainly driven by two core drivers. On the one hand, institutional funds have entered the market in a big way, with positions exceeding $1 billion. On the other hand, a number of spot XRP ETFs are due for approval in mid-to-late October, and market expectations are high. In addition, the XRP market is forming an inverse head-and-shoulders pattern, with the neckline of this classic bullish pattern located near $2.95. A successful break above this level could lead to a short-term target of $3.15, with the potential for further challenges in higher price ranges.
However, the XRP price is also facing some upside resistance and potential risks. If the XRP price fails to effectively break through these resistance levels, a pullback may occur. In addition, macroeconomic factors such as U.S. Treasury yields trends and Fed policy moves, as well as regulatory changes in other jurisdictions, may also have an impact on the movement of XRP. That’s why most investors invest their XRP in the xiushanmining cloud mining platform to ensure that their XRP is unaffected and that they can additionally earn higher returns.
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Proceeds Description:
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