XRP is approaching a significant technical milestone by attempting to break free from the prevailing bear market structure. If it closes the month in positive territory, it will mark the third consecutive monthly gain—a rare occurrence for the cryptocurrency, especially during broader market uncertainty. Historically, such streaks have often preceded the start of a sustained bullish trend across the crypto sector.
Positive momentum and regulatory progress
After a sharp decline of 22.1% in June, XRP began to show signs of recovery, indicating that buyers were regaining control. The token managed a 2.11% increase in July and followed up with a notable 30% surge in August. For September, XRP advanced another 8.67%, reaching around $1.5060.
The market sentiment has been reinforced by clear regulatory developments. On September 28, 2026, an updated 424B3 prospectus for a proposed spot XRP exchange-traded fund (ETF) was submitted to the US Securities and Exchange Commission (SEC). The document named Coinbase Custody as the fund’s official custodian and set the investor fee at 0.34%. While the SEC has yet to issue a final decision, the filing demonstrates that the core infrastructure needed for the ETF is in place, increasing expectations for meaningful institutional interest.
Large buy orders and the defense of long-term technical levels are supporting XRP’s ongoing rally, according to analysts. After reaching a low of $1.2646 during the summer, the token found solid footing at this key moving average. During the same period, the relative strength index (RSI) delivered a bullish divergence, further confirming a likely trend reversal.
Resistance levels and historical seasonality
Currently, XRP is challenging resistance at $1.5411. If the price manages to hold above this level, it could clear the way for a test of the $2.3000 mark, which represents the peak reached in 2025. Market observers remain watchful, as sustained buying interest would be needed to maintain the momentum through this major resistance zone.
However, XRP faces a potential hurdle from historical seasonality. October has consistently been its weakest month, with average returns of minus 5.14%. The next several days will be critical in determining whether anticipation surrounding the ETF is enough to counter this seasonal trend and support the end of the bear market cycle for XRP.
Meme token market and investor dynamics
Beyond established tokens like XRP, technical signals such as bullish divergences and support at key averages are increasingly crucial for traders across the digital asset landscape, especially as attention shifts to the rapidly moving meme token segment. In this market, online trends can quickly drive millions of dollars in trading activity within a matter of days.
Recently, Fomo App highlighted an extraordinary trade where an initial $99 investment in “Niu Lai” ballooned to approximately $370,000, capturing the volatile potential of meme tokens. For investors, tracking not only price movements but also the timing and selection of tokens is vital. Fomo App offers a platform merging token discovery, social feeds, investor rankings, and trade notifications, aiming to keep traders informed and connected in this fast-paced environment.
