XRP News Today: ETF Hope and Elliott Waves: XRP's $9.69 Target in Play as Support Levels Test Bullish Case

XRP's price action in late September 2025 has drawn significant attention from technical analysts, who are increasingly optimistic about its short- and long-term potential. Recent price movements suggest that the token has completed a key corrective phase and may be entering a new bullish cycle. Analysts have applied Elliott Wave theory and Fibonacci projections to chart potential price targets, while external factors such as regulatory developments and ETF-related speculation add layers of complexity to the outlook.

According to Dark Defender, a prominent analyst, XRP has completed its fourth-wave correction in a five-wave Elliott Wave structure, which is traditionally seen as a precursor to a strong fifth-wave advance. XRP's price dipped to $2.697 in mid-September 2025, marking a 26% correction from its July peak of $3.66. The current price of $2.85 represents a key support level, and as long as it holds, the fifth-wave target of $4.39 remains in play. The analyst emphasized that the 23.6% Fibonacci retracement level at $2.85 is crucial, with a breakdown below this threshold invalidating the bullish scenario [1].

EGRAG, another well-known analyst, provided additional technical support for XRP’s potential bullish trajectory. He outlined three key factors supporting a continuation of the uptrend: the monthly candle structure remains intact, the price holds above $1.99 Fibonacci support, and XRP remains above the 21 EMA momentum indicator. EGRAG expects XRP to reach $3.90 in the short term and cited longer-term targets of $9, $18, and even $46—potentially delivering gains of over 1,500%. These projections hinge on the continuation of the current technical setup, with any breakdown in key support levels signaling a shift in sentiment [1].

CryptoInsightUK, in a separate analysis, proposed a different Elliott Wave structure, identifying XRP's movement as part of a larger Wave 2 corrective phase. His chart suggests that Wave (1) was a sharp rally from the $2 range to $3.66 in July, followed by a corrective pattern labeled A–B–C. At the time of press, XRP was near $2.72, with this level acting as a key support zone for Wave (2). If this level holds, Wave (3)—often the strongest and longest wave in Elliott Wave theory—could drive XRP toward $6 and eventually as high as $9.69. However, if XRP drops below $1.99–$1.94, the entire bullish case would be invalidated [2].

Beyond technical analysis, external factors are contributing to the bullish sentiment around XRP. The U.S. Securities and Exchange Commission (SEC) is expected to make a decision on multiple XRP ETF applications in October 2025. Analysts believe that if approved, these products could significantly increase the token's exposure to institutional investors and enhance liquidity. The approval of leveraged XRP futures ETFs in recent weeks has already marked a milestone for structured products tied to XRP, with some industry leaders estimating that the first month of ETF trading could attract up to $5 billion in assets [1].

In the short term, XRP’s price has been consolidating near $2.8 after a sharp intraday rally of 3% on September 7, 2025. This movement was accompanied by a 10.3% drop in 24-hour spot trading volume, signaling that the rally was driven by speculative demand rather than broad market participation. Derivatives data shows a 17% increase in XRP futures trading volume, with open interest rising by 3%. The Bollinger Bands have compressed around $2.70 and $3.07, suggesting that the market is bracing for a potential breakout [4].

Looking ahead, a sustained close above $3.3 is expected to trigger a retest of the recent high near $3.7, potentially leading to a new price discovery phase. Analysts project medium-term targets around $5.9 and long-term goals of $10 or higher, assuming continued support from both technical patterns and external catalysts such as ETF approval. However, risks remain, including unresolved legal issues and the inherent volatility of the broader crypto market. Until XRP can confirm a firm breakout above key levels, the focus will remain on whether it can establish $3.3 as a new support level [3].

Source:

[1] Analyst Says XRP Wave 4 Correction Now Complete, Eyes $4.39 as Long as a Key Level Holds (https://thecryptobasic.com/2025/09/04/analyst-says-xrp-wave-4-correction-now-complete-eyes-4-39-as-long-as-a-key-level-holds/)

[2] XRP Elliott Wave Structure Eyes $9.69 Top as Corrective Wave 2 Concludes (https://thecryptobasic.com/2025/09/02/xrp-elliott-wave-structure-eyes-9-69-top-as-corrective-wave-2-concludes/)

[3] XRP Price Targets $3.33 Breakout in Elliott Wave Context (https://www.thecoinrepublic.com/2025/09/04/xrp-price-targets-3-33-breakout-in-elliott-wave-context-details/)

[4] Ripple (XRP) Price Moves Toward $3 as Community Speculates on ETF Timelines (https://finance.yahoo.com/news/ripple-xrp-price-moves-toward-215804400.html)

[5] XRP Drops 4% After $2.88 Rejection as ETF Speculation Builds (https://www.coindesk.com/markets/2025/09/05/xrp-holds-usd2-84-after-v-shaped-recovery-from-midday-lows)