{"id":13515,"date":"2025-10-16T07:12:22","date_gmt":"2025-10-16T07:12:22","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xrp-price-analysis-bulls-eye-3-recovery-as-sec-etf-ruling-nears-ripple-inks-absa-bank-deal\/"},"modified":"2025-10-16T07:12:31","modified_gmt":"2025-10-16T07:12:31","slug":"xrp-price-analysis-bulls-eye-3-recovery-as-sec-etf-ruling-nears-ripple-inks-absa-bank-deal","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xrp-price-analysis-bulls-eye-3-recovery-as-sec-etf-ruling-nears-ripple-inks-absa-bank-deal\/","title":{"rendered":"XRP price analysis: Bulls eye $3 recovery as SEC ETF ruling nears, Ripple inks Absa bank deal"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">XRP trades near $2.5 after a sharp weekly decline as traders await exchange-traded fund decisions and Ripple\u2019s inks a new partnership with Absa Bank.<\/p>\n<div id=\"cn-block-summary-block_83f426e4356e7639df8430b7c0c3c437\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>XRP price is down 15% weekly, having retraced 33% from July ATH.<\/li>\n<li>SEC ETF decisions and Ripple\u2019s Absa Bank deal drive positive sentiment.<\/li>\n<li>Key support is at $2.30; reclaiming $2.75 could spark rebound.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>XRP was trading at $2.42 at press time, down 3.6% over the last day and 15% over the last week. The token has retraced about 33% from its peak of $3.65 in July. Over the past week, it has moved within a range of $2.32\u2013$2.83 as traders brace for major catalysts.<\/p>\n<p>The 24-hour trading volume has decreased by 27% to $5.1 billion. According to CoinGlass <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/currencies\/XRP\/futures\" target=\"_blank\" rel=\"nofollow\">data<\/a>, open interest fell 2.2% to $4.04 billion and derivatives volume decreased 36.5% to $6.56 billion, indicating declining leverage and a short-term pause in speculative momentum.<\/p>\n<h2 class=\"wp-block-heading\">XRP ETF deadlines boost sentiment<\/h2>\n<p>The coming days could define XRP\u2019s (XRP) price direction. Between Oct. 18\u201325, the U.S. Securities and Exchange Commission faces clustered deadlines for several spot XRP ETF applications, including Grayscale, 21Shares, Bitwise, Canary, WisdomTree, and CoinShares, with Franklin Templeton\u2019s review extended to Nov. 14.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The Rex-Osprey XRPR ETF, launched on Sept. 18, logged $37.7 million in first-day volume on Cboe, showing strong investor demand. With Ripple\u2019s clear regulatory standing following its 2025 court victory, analysts predict that there will be at least one approval by year\u2019s end.<\/p>\n<p>However, the precise timeline is uncertain due to the SEC\u2019s workflow being slowed by a partial U.S. government shutdown that began on Oct. 1.<\/p>\n<h2 class=\"wp-block-heading\">Ripple\u2019s Africa expansion with Absa Bank<\/h2>\n<p>Announced on Oct. 15, Ripple\u2019s new partnership with Absa Bank represents its first significant custody client in Africa. Absa, which oversees $119 billion in assets in 12 African nations, will use Ripple\u2019s self-custodial platform to securely store digital assets and Ripple\u2019s RLUSD stablecoin.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Today, we\u2019re excited to announce that <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/AbsaSouthAfrica?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@AbsaSouthAfrica<\/a>, one of Africa\u2019s leading financial institutions, is now <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/Ripple?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@Ripple<\/a>\u2019s first major custody partner in Africa: <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/9FQ5GTxMnK\">https:\/\/t.co\/9FQ5GTxMnK<\/a><\/p>\n<p>We\u2019re bringing institutional digital asset custody to South Africa, providing the secure and\u2026<\/p>\n<p>\u2014 Ripple (@Ripple) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/Ripple\/status\/1978355182141403423?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">October 15, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The partnership extends Ripple\u2019s network to five continents and improves institutional access to tokenized assets and On-Demand Liquidity.<\/p>\n<h2 class=\"wp-block-heading\">XRP price technical analysis<\/h2>\n<p>The technical structure of XRP points to a cautious phase. The price has confirmed short-term bearish pressure by falling below all of the major moving averages (10\u2013200-day). The Bollinger Bands have widened, reflecting elevated volatility, while XRP trades near the lower band around $2.29, acting as immediate support.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">XRP daily chart. Credit: crypto.news<\/figcaption><\/figure>\n<p>Momentum indicators remain mixed. The MACD and momentum continue to flash mild sell signals, and the relative strength index at 33.9 indicates near-oversold conditions. The commodity channel index, however, hints at a potential rebound if buying volume returns.<\/p>\n<p>If bulls defend $2.30\u2013$2.40, XRP could retest resistance around $2.75\u2013$2.85, coinciding with the 20-day SMA. A break above this range could pave the way to $3.00\u2013$3.20, particularly if ETF optimism increases. In contrast, if current support is not maintained, the 30-day downtrend may be extended with a retest of $2.00\u2013$2.10.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP trades near $2.5 after a sharp weekly decline as traders await exchange-traded fund decisions and Ripple\u2019s inks a new partnership with Absa Bank. Summary XRP price is down 15%&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9628,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=13515"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13515\/revisions"}],"predecessor-version":[{"id":13516,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13515\/revisions\/13516"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/9628"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=13515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=13515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=13515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}