XRP is poised for a potential rally to $7.30, contingent on the formation of a bullish engulfing candle on the weekly chart, according to analyst EGRAG CRYPTO. This technical pattern is seen as a precursor to a significant breakout, especially with the upcoming wave of ETF filings in October. Notable firms such as Grayscale, 21Shares, and Bitwise are expected to file for XRP spot ETFs, which could enhance both institutional and retail interest. Despite the optimistic outlook, XRP faces risks if Bitcoin's performance falters, with critical support levels identified at $2.60 and $2.37. Currently, XRP is trading at $2.79, reflecting cautious market sentiment ahead of the anticipated ETF developments.