Will the XRP price rally restart in October?

XRP is holding above a critical level of $2.75 in September, sparking hopes for a price recovery in October. Analysts have identified the $2.81 resistance level as crucial for a potential rally, which could project a 30% increase to $3.62. The coin traded around $2.77 after a recent drop of 14%, with analysts pointing out that maintaining above $2.75 significantly enhances the likelihood of breaking above $2.81. Historical data indicates that October has typically been a challenging month for XRP, with an average loss of about 4.58%. However, this period leads into November, which is often the best month for the asset. Furthermore, upcoming ETF decisions and clarity post-Ripple lawsuit could provide additional momentum for XRP, although market participants caution that these events might already be priced in. The last quarter tends to yield strong gains, making mid-October a potential turning point for XRP's price action.

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