Overview

• XRP trades around $2.50 after a sharp sell-off that briefly wicked near $1.20 before rebounding, with volatility still elevated.
• EGRAG identifies a Descending Broadening Wedge that assigns roughly 57% odds to an upward break versus 43% to a downside move.
• Price targets discussed range from about $9 to as high as $27 on a bullish resolution, with a bearish scenario pointing toward roughly $0.50.
• Analyst Steph flags a weekly RSI divergence and says a weekly close back above $2.65 is key, while closes below the 50-week SMA near $2.45—especially under $2.40—would risk further downside.
• Analysts say spot XRP ETF applications could curb circulating supply and attract institutions in an expected Oct. 18–25 decision window, though they caution that regulatory timing and macro headwinds could delay any impact.