LONDON (IT BOLTWISE) – The XRP token has seen a notable price rise, driven by hopes of a spot ETF approval and the US Federal Reserve’s recent monetary policy decisions. Experts see these developments as having the potential to drive the XRP price up to $5.
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The XRP token has seen an impressive price rise in recent days, boosted by the prospect of a spot ETF approval and the US Federal Reserve’s monetary policy decisions. On October 29, 2025, the price reached about $2.64, up about 1.6% on that day. Over the past week, the token rose from the mid-$2.30s to around $2.64, a gain of around 12%.
Technical analysts observe that XRP recently broke above around $2.63, establishing a new base and challenging resistance in the $2.70-$2.80 area. Chart patterns such as the inverted head and shoulders pattern and the cup and handle formation indicate further upside potential. However, if the price fails to hold the support in the $2.60 to $2.62 area, there could be a risk of a decline to around $2.20.
Market sentiment is supported by increased trading volumes and declining inventories on exchanges, which is considered a bullish sign. Technical indicators RSI and MACD show a neutral to bullish bias, with recent declines followed by strong recoveries, suggesting accumulation. Fundamental drivers like Ripple’s legal victory and potential ETF approvals dominate the narrative. In August 2025, the SEC settled with Ripple, resolving years of regulatory uncertainty.
The broader crypto market is also optimistic. The Federal Reserve is widely expected to cut interest rates by 25 basis points, increasing liquidity and raising risk appetite. Bitcoin is holding above $113,000 and Ether is around $4,000. XRP has outperformed both, rising about 440% year-over-year, while Bitcoin has gained about 30% in 2025. Analysts highlight that geopolitical events briefly jolted crypto prices, but institutional buying quickly returned.
Market participants are eagerly awaiting decisions on the ETF applications submitted by several asset managers. Analysts give a 95% to 100% chance of at least one approval by the end of the year. The first retail XRP ETF launched in September and quickly reached over $100 million. These developments could further boost the XRP price and attract institutional inflows.
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