- XRP is struggling to break past $3, despite steady gains over the past month.
- Bitcoin and BNB’s new highs may signal potential upside for XRP if conditions remain bullish.
- A pending SEC decision on XRP ETF applications could be the game-changer for its next big rally.
Ripple’s XRP is facing tough resistance at the $3 price level, holding back despite broader market optimism. According to CoinGecko data, XRP dipped 1.1% in the past 24 hours but still trades green across longer time frames. Over the last week, it gained 3.6%, while the 14-day and monthly charts both show a 6.3% rise.
A Bullish Year for XRP
XRP has had an impressive 2025 so far, breaking above $3 in January for the first time in nearly seven years. It even hit a fresh all-time high of $3.65 on July 18 before pulling back 18% from that peak. While the token faces resistance now, the chance of reclaiming a new high this month is not off the table, especially if market momentum continues to build.
Bitcoin and BNB Setting the Tone
Bitcoin’s explosive run to fresh records has often set the tone for altcoins, and Binance’s BNB coin recently followed with its own rally. XRP could trace a similar path if bullish sentiment sticks around in October. Investors are also watching the Federal Reserve’s next meeting, where another rate cut could fuel a broad crypto surge—potentially pushing XRP higher.
ETF Decision Could Be Key
Another major catalyst looms with the SEC’s pending decision on multiple XRP ETF applications. Approval could unlock significant institutional inflows, echoing the trend that helped push Bitcoin to new heights over the past year. If XRP gains similar backing, its next breakout could be closer than many expect.
