- XRP traded around $2.43 on Oct. 22, 2025, up slightly amid heavy volume (12% above its 7-day average) [1].
- Broader crypto rally: Bitcoin recently hit new all-time highs (~$126,000) [2] and Ether reclaimed about $4,200 [3], creating a “risk-on” mood that buoyed altcoins like XRP.
- Ripple developments: Evernorth (Ripple-backed) announced a $1B SPAC merger to build an institutional XRP treasury (ticker XRPN) [4], and Ripple unveiled a $1 billion XRP buyback plan to create a “digital treasury” [5].
- Regulatory clarity: In August the SEC dropped its appeals in the Ripple case, cementing the ruling that “XRP sold on public exchanges is not a security” [6]. US exchanges have relisted XRP, and asset managers (BlackRock, Grayscale, WisdomTree, etc.) have filed for spot XRP ETFs – analysts now give near-100% odds of approval by late October [7] [8].
- Analyst outlook: Major banks see new highs ahead (Standard Chartered projects ~$5.50 by end-2025) [9], though some caution that a break of ~$2.50 support could see prices slide back toward ~$2.20 [10] [11].
XRP Holds Near $2.4 as Crypto Rally Continues
On Oct. 22, XRP was trading around $2.40–2.45, roughly flat for the day but well above the $1.64 low hit on Oct. 10 [12] [13]. Trading volume picked up, suggesting institutional buyers are positioning ahead of key events [14]. TechStock² (ts2.tech) reports that XRP is “+40% year-over-year” and remains the third-largest crypto by market cap (~$140–150B) [15]. The rebound has been underpinned by a broader crypto upswing: Bitcoin not only topped $100K but pierced $126,000 on Oct. 5 [16], and Ethereum has rallied back above $4,000–4,200 [17]. As one analyst noted, “improving macro sentiment – including hints of future Fed rate cuts – has put investors back in a ‘risk-on’ mood” that is lifting major altcoins [18].
Market technicians observe that XRP has formed a new short-term base. Traders say XRP holding $2.45–$2.50 is key; above that zone it could retest $2.70–$3.00 in the near term, with a longer push toward ~$3.50 if momentum holds [19]. “XRP’s upside today is backed by multiple factors – macro tailwinds, regulatory hopes and a technical breakout,” says Anton Kharitonov of Traders Union [20]. However, analysts warn that failure to clear resistance (~$3.00) or a loss of the $2.45 level could quickly stall the rally.
Recent News and Catalysts
Several news developments have swirled around XRP this week. Most notably, Evernorth Holdings – a new Ripple-backed firm – announced it will go public via SPAC and raise over $1 billion to build what it calls the world’s largest institutional XRP treasury [21]. After closing, the combined company will trade on Nasdaq under ticker “XRPN” [22]. Evernorth’s financing includes $200M from Japan’s SBI and investments from Ripple and other firms, with proceeds earmarked to buy XRP on the open market [23]. Asheesh Birla (ex-Ripple and now Evernorth CEO) emphasizes that XRPN will offer more than passive exposure to XRP, combining it with DeFi lending and liquidity strategies [24].
Ripple itself also made headlines: on Oct. 20 it unveiled a $1 billion XRP buyback plan [25]. The company will repurchase roughly 1 billion XRP tokens as part of a “digital treasury” initiative [26]. By burning or holding those tokens, Ripple aims to tighten supply and support the price over time. This move follows a series of adoption efforts – for example, in mid-October Ripple acquired GTreasury (a treasury-management firm) for $1B [27], signaling a push to integrate XRP into corporate finance. Such measures underline Ripple’s commitment to shoring up XRP’s fundamentals.
The week also saw a dramatic price swing from macro news: a surprise U.S.–China trade shock (100% tariffs announced Oct. 10) briefly wiped ~$19B from crypto markets [28]. XRP plunged ~42% (to $1.64) during the flash crash on Oct. 10 [29]. But aggressive dip-buying – largely from institutional players – spurred a rapid recovery. By Oct. 12, XRP had rebounded above $2.50, adding roughly $30B in market value within 48 hours [30]. Coindesk reports that large buys lifted XRP from $2.37 to $2.58 on Oct. 12 alone [31]. Inflows suggest investors were taking advantage of the dip; CoinShares data show $219 million flowed into XRP investment products in the first week of October (compared to $3.55B into Bitcoin ETFs) [32], indicating pent-up demand ahead of expected ETF approvals.
Regulatory Updates – Ripple’s Legal Win and ETF Hype
Regulatory clarity has been a major driver of XRP’s rally. In August 2025 the SEC formally settled its lawsuit with Ripple, dropping all appeals [33]. Crucially, Judge Analisa Torres’s 2023 ruling was affirmed – XRP sales on public exchanges are not securities [34]. This outcome removed a long-standing “dark cloud” over XRP; U.S. exchanges quickly relisted the token for trading [35].
With the legal battle behind it, XRP is now riding an ETF wave. Within weeks of the settlement, at least six major asset managers (including BlackRock, Grayscale, WisdomTree, Bitwise, etc.) filed for U.S. spot XRP ETFs [36]. The SEC has set decision deadlines in mid-to-late October. Bloomberg Intelligence reckons the odds of at least one XRP ETF getting the nod by month’s end are near 100% [37]. Market watchers note that Bitcoin and Ethereum soared after their ETF launches, and a similar catalyst could “open the floodgates” for XRP [38] [39]. For now, all eyes are on Washington – a timely SEC approval could spark a fresh wave of inflows, whereas any surprise delay would likely damp enthusiasm.
“XRP is struggling to stay above $3” without an ETF, analysts say, but approvals could change that overnight [40] [41]. In fact, some commentators forecast that if the SEC greenlights these ETFs, XRP could enter a “mega bull run” by year-end [42].
Analyst Commentary and Price Forecasts
Crypto analysts and strategists are weighing in with mixed views. On the bullish side, Standard Chartered’s Geoffrey Kendrick predicts roughly $5.50 for XRP by end-2025 if institutional tailwinds (like ETFs and adoption) materialize [43]. Many crypto commentators echo the view that a confirmed breakout could target the $4–$5 range in the near term [44]. Moreover, industry chatter – for example on social media – suggests momentum could be building for a much higher move. (One popular trader noted XRP’s weekly charts are “oversold” and implied a test of its prior all-time high may come soon.)
However, there are cautionary notes. Technical analysts emphasize key support levels. Traders Union’s Anton Kharitonov warns that XRP must hold the ~$2.45–$2.50 zone to sustain its rally [45]. “If XRP stays above that level,” he says, “it could retest the $2.70 range… potentially setting up an attempt at the $3.00 mark.” [46] Conversely, if XRP fails to break above resistance (~$3.00) and loses its base, it could slide back toward ~$2.20 [47] [48]. In short, analysts see both upside and downside risk.
Short-Term and Medium-Term Outlook
In the short term, the crypto community is laser-focused on the SEC’s ETF decisions (expected in late Oct). A green light would likely extend the current bullish trend and could send XRP quickly toward multi-dollar levels. Even the anticipation of an ETF seems to be encouraging accumulation now. If approvals are delayed, traders may grow impatient and profit-take, potentially pulling XRP back to low-$2 territory. Ongoing macro factors – such as U.S. interest rate policy and geopolitical news – will also influence near-term sentiment.
Looking medium-term (into late 2025 and beyond), fundamentals are strengthening. Ripple’s ecosystem now includes a new dollar-pegged stablecoin on the XRP Ledger (RLUSD) that burns XRP fees, meaning increased usage directly supports demand [49]. Over 300 institutions use RippleNet, many utilizing XRP for on-demand liquidity [50]. Such real-world adoption provides a “organic demand floor” for XRP [51]. Combined with the planned supply reduction from Evernorth and Ripple’s buyback, many believe XRP’s long-term outlook has improved. Of course, crypto markets remain volatile and past performance is no guarantee. But the broad expectation among analysts is that, with legal overhang removed and ETFs imminent, XRP has a chance to revisit its previous highs.
For now, analysts are split between “XRP will rocket” scenarios and more cautious stances. The coming weeks should clarify the path. As one trader put it, “XRP’s price today is being decided by these key levels and by whether regulators deliver on ETF approvals.” Investors will be watching closely as October 2025 unfolds.
Sources: CoinDesk, CoinTelegraph, Reuters, Investing.com, TechStock² (ts2.tech), CoinCentral, Coinspeaker, and others [52] [53] [54] [55] [56] [57] [58] [59] [60] [61] [62].
References
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