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    Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

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    Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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  • 2 minutes read

XRP Price Prediction For October 24

  • currency-symbol XRP $ 2.44 (1.22%) top gainer
Story Highlights
  • XRP ETF is the next major catalyst with 20 filings in review; approval could drive institutional demand & a long-term price rally.

  • XRP price holding $2.30-$2.40 support is crucial for short-term recovery; key resistance and breakout level is $2.55.

The crypto market turned green this week, bringing a wave of relief to traders after days of uncertainty. The total market capitalization climbed past $3.72 trillion, up more than 2%, as top assets like Bitcoin and Ethereum regained ground.

XRP Price at an Important Level

XRP is now trading around $2.40, up nearly 1% in the last 24 hours. The token continues to defend a major support zone between $2.30 and $2.40, which is considered an important range.

If XRP can hold this level, it could signal a short-term recovery. However, a daily close below $2.30 might open the door to deeper losses, possibly toward the $2.25 range.

XRP has formed a bullish divergence on the daily chart, a sign that prices might steady or move slightly higher in the short term.Despite this, the broader trend still leans bearish, as the token continues to form lower highs and lower lows on the weekly chart.

In the coming days, XRP traders are likely to see more sideways movement between $2.30 and $2.55. A breakout above $2.55 could signal fresh momentum, while a drop below $2.30 may trigger more selling.

Next Big Catalyst?

The next major catalyst for XRP may be close. Several asset managers including Grayscale, Bitwise, 21Shares, CoinShares, and Franklin Templeton have filed for XRP-based exchange-traded funds (ETFs). These filings are now under regulatory review, and approval could come soon.

A $1.8 trillion asset management firm has also applied for an actively managed crypto ETF that will include XRP along with Bitcoin, Ethereum, Solana, and Cardano. The fund will trade on NYSE Arca, giving investors regulated access to multiple digital assets.

Why ETFs Matter for XRP

There are now 20 XRP-linked exchange-traded product (ETP) filings, double the number for Ethereum. ETFs allow investors to gain exposure to XRP through the stock market without directly holding the token. This structure removes custody risks and makes XRP more accessible to traditional investors.

Bitcoin’s rise to over $100,000 was largely supported by ETF inflows. A similar structure could help XRP attract steady institutional demand over time, even if the price reaction is gradual at first.

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FAQs

How could XRP ETFs affect its price?

XRP ETFs provide regulated market access, potentially boosting institutional demand and gradually supporting price growth.

Can ETFs make XRP safer for investors?

Yes, ETFs let investors access XRP without direct ownership, reducing custody risks and making it easier for traditional investors to participate.

How much will XRP reach in 2025?

Analysts and AI forecasts project XRP could reach $5.05 by the end of 2025, driven by ETF approvals, partnerships, and regulatory clarity.

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