Favorable regulatory updates could act as ignition for renewed upward trend momentum. Currently, there are six different spot XRP ETF applications that could receive approval in October. First up is a spot XRP ETF from Grayscale, scheduled for a decision on Oct. 18. That's followed by a series of decisions scheduled for 21Shares, Bitwise, Canary, CoinShares, and WisdomTree (NYSE: WT) . Analysts warn that rejection at $3 could keep XRP consolidating longer. But for now, the weight of on-chain evidence and regulatory anticipation suggests October could deliver the most bullish backdrop XRP has seen all year. Strong on-chain transaction volumes have supported the XRP stock price lately, with whales accumulating during dips. Analysts expect continued upward momentum if macroeconomic sentiment stays positive.
