Spot XRP ETFs in October Could Spark XRP Price: Analysis at Frankfurt Stock Exchange

Spot XRP ETFs expected in October could trigger a major price breakout for XRP, according to an analysis shared by Tokentus CEO Oliver Michel on a German financial media platform.

Michel delivered an in-depth market analysis from the floor of the Frankfurt Stock Exchange, highlighting a change in momentum from Bitcoin to altcoins. He argued that while Bitcoin still has upside potential, greater opportunities lie in Ethereum, XRP, and other major altcoins. With altcoins, he believes gains could reach up to 300%, compared to Bitcoin’s projected 30%.

Ethereum Holding Key Levels Before Next Rally

Michel noted that Ethereum has already broken past its 0.786 Fibonacci retracement level and briefly touched an all-time high before undergoing a correction. He stated that Ethereum is now retesting former resistance as new support.

He explained that XRP is awaiting a catalyst and is unlikely to move independently of the broader market. He expects a breakout once the overall market gains momentum, setting the stage for a strong upside move.

Spot XRP ETFs in October

Importantly, the key trigger Michel emphasized is the approval of spot XRP ETFs. With over seven applications currently under review, the SEC faces a final decision deadline between October 18 and 25.

He drew parallels to the launch of Bitcoin and Ethereum ETFs, noting that demand for XRP products is already evident from record-breaking futures activity on the CME over the past three months.

For context, CME Group’s XRP futures reached $1 billion in open interest in just over three months, making it the fastest crypto futures contract to hit that milestone on CME.

Meanwhile, futures-based XRP ETFs have also seen significant inflows, with assets surpassing $800 million.

Michel believes that spot ETFs will further amplify momentum, as such products bring real market demand for the coin. If XRP rallies in October, spot XRP ETFs could accelerate the move, pushing prices higher.

With this outlook, Michel joins the expanding list of analysts calling for a new peak for XRP based on ETF developments.

While he did not issue a specific price target, popular expectations for the coin by year-end are above $10. For instance, Zach Recor forecasts XRP reaching as high as $30 by 2026.

Other Altcoins

Beyond Ethereum and XRP, Michel also mentioned Hedera (HBAR) and Chainlink (LINK) among coins with bullish prospects. Chainlink recently secured a partnership with U.S. authorities to implement its blockchain technology for official use.

While neither coin has seen major price jumps recently, Michel expects both to perform well in the upcoming altcoin season.