Rally

<h3 class="wp-block-heading" id="h-key-insights">Key Insights:</h3>
<ul>
 <li>Analyst EGRAG Crypto assigned a 70% probability to a flush on XRP price toward $2.35-$2.40 before a sustained uptrend.</li>
 <li>XRP products registered $93.1 million in weekly inflows between Sept. 22 and 26, the second-largest among crypto assets.</li>
 <li>Bloomberg analyst Eric Balchunas stated that altcoin ETF approvals in the US reached 100% certainty following SEC guidance changes.</li>
</ul>
XRP price was at $2.8414 as of press time, positioning itself for a potential correction toward $2.40, which analysts characterized as structurally healthier than an immediate upward movement.
The Ripple coin lost the $3 level on Sept. 18 and declined 1.35% in the past 24 hours. Analyst Egrag Crypto shared a technical analysis on Sept. 29, sustaining the case for a near-term flush.
<h2 class="wp-block-heading" id="h-xrp-price-targets-2-35-2-40-range">XRP Price Targets $2.35-$2.40 Range</h2>
Egrag Crypto assigned a 70% probability to a flush before an uptrend, which he described as healthier from a structural perspective.
The analyst <a href="https://x.com/egragcrypto/status/1972597966465572960" target="_blank" rel="noopener noreferrer nofollow">identified</a> a 30% chance XRP price could surge immediately, but warned this scenario could lead to a sharp correction.
He noted:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “Many technical analysts, including myself, believe that prices tend to revert to fair value over time, which often leads to gaps being filled.”
</blockquote>
Egrag identified the fair value gap at $2.35-$2.40 based on the principle of mean reversion.
<figure class="wp-block-image">
 <img src="https://www.thecoinrepublic.com/wp-content/uploads/2025/09/ff13f4bf805713b585e431c98f593d8b6e5d53c53f71d25f7c91077752987d67.jpeg" alt="XRP Price Chart | Source: Egrag Crypto, X">
 <figcaption>
 XRP Price Chart | Source: Egrag Crypto, X
 </figcaption>
</figure>
The analyst used a three-day chart timeframe to capture long-term trends while considering short-term price movements.
He noted the previous gap fill took approximately 129 days, placing a similar timeframe around Nov. 15, though he emphasized price movements over specific dates.
The analyst also anticipated an initial drop to $2.65 for XRP price. If that level held with confirming price action, it could represent the bottom.
However, he stated he was looking for a Ripple coin dip to $2.30-$2.40 before the final upward leg commenced.
A filled fair value gap could indicate a reversal from a downtrend and serve as a critical level in technical analysis.
The analyst preferred a flush scenario over immediate appreciation, emphasizing the structural benefits of a reversion to fair value before sustained upward movement.
<h2 class="wp-block-heading" id="h-support-levels-draw-technical-attention">Support Levels Draw Technical Attention</h2>
Analyst Ali Martinez shared on Sept. 28 that XRP price held the $2.70 area. He identified potential bounces to $3 or $3.15 based on technical support patterns for Ripple coin.
The chart showed multiple historical support tests around $2.70-$2.80 over the previous months.
<figure class="wp-block-image">
 <img src="https://www.thecoinrepublic.com/wp-content/uploads/2025/09/92258fcf78ae10be94cc625306f5e3b0adb4172fc0048d70970fddeac9e6b4c2.jpeg" alt="XRP Price Analysis | Source: TradingView, Ali Martinez">
 <figcaption>
 XRP Price Analysis | Source: TradingView, Ali Martinez
 </figcaption>
</figure>
Analyst Steph is Crypto noted on Sept. 30 that the XRP liquidation heatmap showed heavy clusters forming below $3.
The concentration of liquidation levels suggested potential volatility if the price tested those zones.
The heatmap displayed yellow-to-green intensity around the $2-$2.50 range, indicating accumulated positions vulnerable to liquidation.
Egrag Crypto explained that fair value gaps acted as significant support ranges:
“I’m hoping it holds to enable a more aggressive pump, potentially forming a solid bottoming structure.”
<figure class="wp-block-image">
 <img src="https://www.thecoinrepublic.com/wp-content/uploads/2025/09/8a034f899319ec352b23146ddde83bd27eabdf52b4c484aa6b2e8ed4d5c266dc.jpeg" alt="XRP Liquidation Heatmap | Source: Steph is Crypto, X">
 <figcaption>
 XRP Liquidation Heatmap | Source: Steph is Crypto, X
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="h-etf-approval-certainty-could-boost-xrp-price">ETF Approval Certainty Could Boost XRP Price</h2>
Bloomberg senior ETF analyst Eric Balchunas stated on Sept. 29 that the odds of altcoin ETF approvals in the US reached 100%.
His commentary addressed a report by journalist Eleanor Terrett, in which the SEC was said to have asked issuers to withdraw filings and refile under recently approved generic listing standards for <a href="https://www.thecoinrepublic.com/2025/09/28/can-xrp-price-break-2-80-as-sec-sets-75-day-etf-deadline/" rel="noopener noreferrer nofollow">crypto ETFs</a>.
As of Sept. 30, six spot XRP funds awaited approval with deadlines ranging from mid-October to mid-November. Having said that, investors are optimistic about a likely XRP price rally in the near future.
Amid this landscape, Ripple products registered the second-largest weekly inflows between Sept. 22 and 26, reaching $93.1 million, according to CoinShares data.
The movement was likely a positioning by investors, who are anticipating the ETF approvals and expecting a price increase.
XRP price is positioned for a potential correction toward $2.40 in the near term. However, the longer-term outlook remains constructive as institutional inflows accelerate ahead of expected altcoin ETF approvals.
The post <a href="https://www.thecoinrepublic.com/2025/10/01/xrp-price-eyes-2-40-correction-before-resuming-rally-as-analysts-predict-healthy-flush/" rel="noopener noreferrer nofollow">XRP Price Eyes $2.40 Correction Before Resuming Rally as Analysts Predict Healthy Flush</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.

XRP Price Eyes $2.40 Correction Before Resuming Rally as Analysts Predict Healthy Flush

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