Today's XRP news: SEC's October ETF deadline approaches, technical analysis points to the $5 barrier.

On September 15, Ripple (XRP) reported at $3.03, with a daily trading volume reaching $6 billion, maintaining its position as the third largest crypto asset in the world by market capitalization. As the deadline from the U.S. Securities and Exchange Commission (SEC) for multiple spot XRP ETF applications approaches from October 18 to 25, the market is entering a critical observation period. The technical indicators and derivation data are strengthening in sync, laying the groundwork for a potential breakout.

The deadline for ETF becomes the biggest catalyst

Currently, there are 15 XRP ETF applications under review, with Franklin's final decision date set for November 14, while most of the others are expected to receive rulings between October 18 and 25.

According to Polymarket data, traders expect a 93% chance of approval by the end of the year. This is similar to the market atmosphere before the approval of the Ethereum ETF—delays have not diminished popularity; instead, they have provided more time for institutional funds to observe before entering the market.

The flow of funds and market sentiment are heating up synchronously

Open Interest (OI) for futures: The average for this week is 8.51 billion USD, higher than last week's 7.37 billion USD, indicating a recovery in bullish sentiment.

Financing rate: reached 0.0107% on Friday, with traders willing to pay a premium for long positions.

Altcoin Season Index: 78, indicating that funds are rotating from BTC into the altcoin sector.

These data indicate that the market is building momentum for potential positive news in October.

Technical Analysis: Bullish Pattern Has Been Activated

(Source: Trading View)

Breakout: XRP has broken through the descending wedge, ending a long-term consolidation.

Moving Average Support: The price remains stable above the 50-day EMA ($3.01) and the 200-day EMA ($2.12).

Key resistance: $3.25 (short term), $3.43 and $3.66 (mid term).

RSI: 63, not in the overbought range, still has upward space.

K-line signal: A bullish engulfing pattern has recently appeared, indicating that buying pressure is increasing.

The Fibonacci retracement levels indicate that after breaking through $3.25, XRP is expected to first test $3.43, and then challenge $3.66; if the ETF is favorable, the medium-term target will aim directly at $5.

Trading Strategy Suggestions

Tactical entry: A bullish setup can be considered above $3.26.

Target price: First target $3.43, second target $3.66.

Stop-loss position: below $2.99.

Potential breakout point: If the ETF is approved between October 18 and 25, the price is expected to break through $3.66, triggering an accelerated upward trend.

Conclusion

XRP is currently in a golden window period where the fundamentals and technicals resonate. The ETF deadline, capital inflows, altcoin season, and technical pattern breakthroughs constitute multiple bullish catalysts. If positive news arrives in October, XRP is not only expected to break through the $3.66 resistance but may also challenge the historical high of $5 in the medium term.