
XRP is positioned for a significant breakout as key institutional catalysts approach in October, including pending SEC spot ETF decisions and the launch of CME XRP options. Technical analysis shows XRP forming a triple bottom within a descending triangle, signaling potential reversal. Institutional interest is growing with over $1 billion in futures open interest and Ripple's national bank charter application. The price remains capped near $2.96, with decisive daily closes above $3.00 possibly triggering a strong upward movement.
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XRP Price Forecast: Triple Bottom Pattern Hints at Major Reversal Ahead
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