Current Market Overview
As of October 1, 2025, Ripple’s XRP is trading at $2.94, marking a modest increase from its previous close. The cryptocurrency saw an intraday high of $2.95 and a low of $2.82, generating interest among technical analysts who are watching for signs of the next major move.
Technical Patterns & Price Projections
Analysts report that XRP has completed its fourth Elliott Wave and is entering the fifth, indicating potential price targets at $3.33 and $3.66, with support levels at $2.70 and $2.64. Fibonacci extensions project longer-term targets of $4.17 and $5.85. Despite bearish undertones in the broader market, XRP’s weekly candle closure above the 50% retracement level reaffirms a bullish bias and strengthens the case for upward momentum.
Cup and Handle Formation
On the weekly chart, XRP is forming a cup and handle pattern with resistance established at $3. The ongoing sideways movement since August is shaping the handle. XRP’s position above its 200-day moving average—a key support line—suggests that a confirmed breakout above $3 could ignite a rally toward the $8 area.
Historical Context: 2017 Bull Run Comparison
Comparisons are being made to XRP’s behavior during the 2017 bull market, which was characterized by long periods of consolidation followed by explosive gains. The current move toward $3.00, with $3.65 as a significant resistance, indicates that a sustained breakout could open the path to $4.50 or higher, recalling the parabolic rallies of the previous cycle.
Market Sentiment & Institutional Activity
Overall market sentiment for XRP is bullish, supported by both crowd enthusiasm and proprietary sentiment measures. Nonetheless, analysts highlight a lack of institutional buy orders, despite an increase in reserves—indicating that major corporate players may still be on the sidelines. Attention is focused on the key resistance levels of $3.33, $3.66, and $3.65, which may determine XRP’s next significant leg upward.
Bottom Line
With XRP trading above critical support and bullish technical patterns in play, the next moves above $3.33 and $3.66 are pivotal. Sustained breakouts at these thresholds could drive the token to new highs, with analysts eyeing targets as high as $8. However, continued monitoring of institutional involvement is recommended, as it could impact the magnitude and sustainability of any upward rallies.
