XRP price has been moving sideways with bursts of volatility, and traders are watching closely to see whether October will finally deliver a breakout. The token has been testing key levels for weeks now, and the chart is starting to show where things might be headed next.
Ripple token has remained above $2.70, with the buyers purchasing every time it goes lower.
The market may not have seen bombastic momentum, but XRP price is still strong compared to other altcoins. Most traders are also monitoring the overall scenario, as the Bitcoin price action and macroeconomic sentiment can easily determine the next direction for XRP.
What you'll learn 👉
What the XRP Chart Is Showing
On the 4H chart, XRP is hovering at around $2.84 after a bounce off support near $2.70. The chart reflects constant attempts to break through the resistance near the $2.95 to $3.00 level, and this remains the main hindrance in front of an actual bullish breakout.
If XRP price can close decisively above $3.00, it could open the gates to $3.25 and even $3.50. For now, the structure looks like consolidation inside a wide range.
Buyers are holding firm at the lower levels, but sellers are fighting very hard every time the price comes near $3.00. That balance suggests October could be a turning point when the trend becomes clearer.
Market Indicators
The Relative Strength Index is sitting close to 50, which shows that momentum is neutral. This means there’s plenty of room for the price to move either higher or lower without being stretched.
Open interest is steady around 317 million, which indicates activity but not excessive leverage.
When it comes to positioning, net longs remain negative while shorts are heavier, with short exposure near 956 million.
This tilt makes it possible that a short squeeze could fuel a rally if XRP price pushes above $3.00. At the same time, the MACD has started trending upward, hinting that buyers might be regaining some control.
Read Also: Here’s How Chainlink (LINK) Price Could See Its Next 2x Spike
XRP Price Short-Term Outlook For October
The near-term perspective mostly depends on what happens to XRP near $3.00. If the token can hold above $2.70 and gain some momentum, it has a high chance of trying and maybe breaching the resistance.
A clean move higher would likely send it toward $3.25 in the early weeks of October, and from there the next stop could be $3.50.
If sellers hold the line and XRP price fails to break above $3.00, the price may drift back toward $2.70. A breakdown below that level would expose $2.58 as the next key support to watch.
With October historically being one of crypto’s more active months, XRP’s ability to finally clear the $3.00 zone could be what sets the tone for the rest of Q4.
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