TLDR

• XRP is currently trading around $2.59-$2.63 after failing to break through resistance at $2.67 on October 30, 2025
• Crypto analyst XForceGlobal predicts XRP could reach $10 based on Elliot Wave pattern analysis, requiring a 285% price increase
• The SEC approved spot HBAR, Solana, and Litecoin ETFs on Tuesday, with XRP ETF approvals from Franklin Templeton and Invesco expected next
• The REX-Osprey XRP ETF accumulated over $115 million in assets within one month, while CME XRP Futures hit $26 billion in notional value
• On-chain data shows large XRP holders are selling, with trading volume spiking 658% above average during the recent price rejection

XRP is trading at $2.59 after a failed attempt to break through resistance at $2.67 on October 30, 2025. The token has gained 50% from its monthly low but faces immediate pressure from large holders selling their positions.

Crypto analyst XForceGlobal predicts XRP could reach $10 in the medium to long term. This target would require the token to gain 285% from current levels. The prediction is based on Elliot Wave pattern analysis, which tracks price movements through multiple phases.

According to XForceGlobal, XRP is currently in the second phase of the Elliot Wave pattern. This is typically a corrective phase before a larger upward move. The analyst expects the third phase to push prices toward the $10 level.

The $10 target would give XRP a market capitalization of over $520 billion. This would exceed Ethereum’s current valuation of $483 billion. XRP has achieved similar percentage gains before, jumping over 550% between November 2024 and January 2025.

ETF Approvals Drive Institutional Interest

The SEC approved spot HBAR, Solana, and Litecoin ETFs on Tuesday. Both products have already started trading. Analysts expect the agency to approve XRP ETF applications from Franklin Templeton and Invesco next.

The REX-Osprey XRP ETF has accumulated over $115 million in assets within one month of launch. This shows strong demand from American investors for XRP exposure through regulated products.

CME XRP Futures have reached $26 billion in notional value during their first five months. The futures market has been one of the most popular crypto derivatives products. These institutional products could drive more demand for XRP tokens.

Ripple recently launched Ripple Prime after acquiring Hidden Road. This new service could increase activity on the XRP Ledger network and boost usage of the RLUSD stablecoin.

Technical Pressure Mounts

XRP faced rejection at the $2.67 resistance level with trading volume spiking to 392.6 million tokens. This volume was 658% above the recent average, showing strong selling pressure at that price point.

The token dropped from $2.63 to $2.59 after the failed breakout. A further decline occurred around 04:04 UTC when XRP fell from $2.590 to $2.579 on volume 355% above the hourly average.

Support is holding near $2.58 and the 200-day exponential moving average at $2.61. These levels are preventing further downside for now. Traders are watching whether XRP can bounce from this support zone.

On-chain data shows large XRP holders are selling their positions. This raises concerns about profit-taking after the recent 50% monthly gain. Futures open interest remains near early 2025 highs at approximately $2.9 billion.

RSI and MACD momentum indicators show divergence patterns. Price is making higher highs while momentum indicators show lower highs. This technical pattern often warns of potential corrections.

The $2.67-$2.69 zone now represents overhead resistance. A break above this level could target $2.70 to $3.00. However, a break below $2.58 support could push XRP down to $2.53 or $2.50.

XRP is currently trading at $2.63 on October 29, up 50% from its monthly low, with futures open interest near $2.9 billion.

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