XRP Performance and Trading Recommendations for This Week
The performance of XRP shows remarkable strength in October 2025, currently trading at around $2.39, down slightly by 0.75% daily, but it maintains strong support at $2.75 after a 11% rise from its local lows of $2.69. The price is positively influenced by the expected SEC decisions on XRP ETF funds between October 18-25, which could attract institutional flows of billions of dollars, as seen with Bitcoin and Ethereum. Technical analysis indicates a descending triangle pattern with support at $2.80, and the potential for a breakout towards $3.60-$3.62 if it surpasses $3.07 with strong trading volume. On the weekly timeframe, the trend appears bullish with a rising 200-day moving average, but the RSI indicates cooling from overbought conditions, enhancing short-term volatility.
Trading Recommendations: Buy on the bounce from $2.75-$2.80, with profit targets at $3.00 and $3.30, and a stop loss at $2.52 to reduce risks. Monitor ETF decisions for an upward opportunity towards $3.50 by the end of the week, focusing on trading volume and regulatory news. Avoid buying if it drops below $2.40, as this suggests a potential correction. (The market is volatile; do your own research and consult a financial advisor).