XRP Price Prediction: 2.5 USD resistance level to break, ETF approval and 1 billion USD treasury as pump catalysts.

With the overall recovery of the crypto market, XRP's price has rebounded strongly, rising 5.3% within 24 hours, trading steadily at $2.47, and consolidating below the $2.50 resistance level. XRP's recent strong performance is attributed to market expectations for the SEC's approval of the XRP ETF, Ripple Labs' $1 billion treasury SPA plan, and bullish activity indicated by technical indicators. If the bullish momentum continues, XRP's price is expected to soar to $2.70 and $3.00 in the short term.

In the context of market recovery, XRP stands firm.

With the improvement of market sentiment and the rebound of major assets, XRP is consolidating around 2.50 USD.

· Price Performance: As the fifth largest cryptocurrency by market capitalization, XRP is trading around $2.47, having pumped 5.3% in the last 24 hours.

· Key question: As market momentum returns, the core issue is whether XRP can translate its recent strength into sustained breakthroughs, which depends on the development of several key factors.

Institutional Enthusiasm Soars: ETF Approval and Billion Level Treasury Demand

The key catalysts driving the next wave of XRP price rise are focused on positive developments at the institutional level.

XRP ETF approval countdown

· Major Impact: The approval of the XRP ETF is considered a key factor that could trigger a significant rise in XRP prices.

· Approval progress: Although the SEC is expected to make decisions on multiple ETF proposals this month, the potential government shutdown has left the decisions on applications from companies like Grayscale and 21Shares (originally due on October 18 and 19) still pending or delayed.

· Evidence of institutional interest: New applications for 3x and 5x leveraged XRP ETF submitted by Volatility Shares suggest a continued growth in institutional interest. Later this month, applications from companies such as Bitwise (expiring on October 20), Franklin Templeton, Canary Capital, and WisdomTree will also face decisions.

Ripple leads 1 billion USD XRP treasury

· Fundraising: Recent reports indicate that Ripple Labs is leading a $1 billion round of financing aimed at establishing an XRP treasury through a Special Purpose Acquisition Company (SPA).

· Increased institutional demand: This effort is supported by Ripple's own XRP holdings, which may trigger an increase in demand from institutional buyers.

· Ecosystem Integration: This news follows Ripple's recent acquisition of GTreasury, marking XRP's deeper integration into the corporate financial system, which enhances market confidence in the long-term potential of this token.

Technical Indicator Alignment: Bullish Activity Signal Clear

From a technical perspective, XRP is showing early signs of a trend reversal.

· RSI momentum rebound: The Relative Strength Index (RSI) has risen to 41.32, above its moving average of 36.41. Although it remains below the key neutral level of 50, this suggests that bearish pressure is easing.

· MACD momentum weakening: Although the MACD (Moving Average Convergence Divergence) is still negative, its histogram bars are contracting. This indicates that bearish momentum is weakening, and if the current price strength persists, a bullish crossover may form.

breakout targets and operation suggestions

· Key support: XRP price is currently holding at the support level of $2.30.

· Upward path: A decisive breakthrough of the 2.50 dollar resistance level is likely to open the path to 2.70 dollars, and even 3.00 dollars.

· Market Judgment: With the rise in institutional demand and the alignment of key technical indicators, if the current momentum is maintained, XRP is ready for a breakthrough.

Conclusion

XRP's robust performance in the market recovery is no coincidence; it is driven by key institutional catalysts such as ETF approval expectations and Ripple's treasury management. Positive signals from technical indicators further support the possibility of an XRP breakout above $2.50. With increasing institutional demand and favorable key technical indicators, XRP is expected to achieve a structural breakout in the short term, targeting $3.00.

Disclaimer: This article is for news information only and does not constitute any investment advice. The crypto market is highly volatile, and investors should make decisions cautiously.