Regulators Could Make XRP's $3.00 Breakout a Reality

XRP’s price action has shown signs of a potential breakout, with bulls targeting the $3.00 resistance level. The cryptocurrency has tested this key threshold and is currently consolidating gains, hovering around $2.975 as of the latest data [2]. Technical indicators suggest a bullish trend is forming on the hourly chart, with support at $2.930 and the 100-hourly Simple Moving Average offering some stability [1]. Should the price remain above this support level, it could attempt another push toward $3.00, with further resistance expected at $3.050 and $3.120 [1].

The broader context for XRP’s movement includes growing optimism around potential regulatory developments. Analysts have highlighted the possibility of U.S. spot ETF approvals in late 2025, which could inject significant liquidity into the XRP market. With at least six major asset managers, including WisdomTree and Bitwise, submitting XRP ETF applications to the SEC, market participants are bracing for a major regulatory decision that could influence the token’s trajectory [3]. Some industry observers predict that a successful approval could lead to a surge in demand, with initial inflows potentially exceeding $5 billion in the first month [3].

Looking beyond immediate price levels, a more ambitious technical outlook has emerged. A prominent analyst in “The Weekly Insight” has outlined a five-wave structure that could see XRP rally to $9.69, assuming a favorable macroeconomic environment and a bullish resolution of the current Bitcoin consolidation phase [2]. This projection is anchored in XRP’s relative strength compared to other major cryptocurrencies, such as Ethereum, which is still struggling to reclaim its all-time highs. The analyst also points to favorable cross-asset signals, such as rising equity indices and a potential Bitcoin bottom around mid-2025, as reinforcing the bullish case [2].

Options data from Deribit and other derivatives platforms further underscores the growing bullish sentiment. For XRP, call options—bets that the price will rise—are currently trading at a premium across all tenors, with December calls offering a 6 volatility point edge over puts [3]. This suggests traders are positioning for a year-end rally. Similarly, Solana (SOL) options have shown comparable bullish positioning, with calls commanding a 10 volatility point premium [3]. These patterns indicate a broader shift in risk appetite among crypto investors, with XRP and SOL emerging as key beneficiaries.

However, the path to higher prices is not without risks. If XRP fails to maintain its position above the $2.930 support level, it could face a pullback toward $2.860 or even $2.850, where further bearish momentum could develop [1]. The relative strength of the broader market will also play a crucial role, as any sharp corrections in Bitcoin or equity indices could trigger a short-term selloff. Nevertheless, given the current technical setup and growing regulatory expectations, XRP appears poised for a significant move higher—provided it can break through key resistance levels and maintain upward momentum [1].

Source:

[1] Mitrade Insights – XRP Price Action Heats Up – Bulls Eye $3.00 Breakout (https://www.mitrade.com/insights/news/live-news/article-3-1106531-20250909)

[2] CryptoRank – XRP Set to Lead Altcoin Boom With Explosive $9.69 Target (https://cryptorank.io/news/feed/cf7c6-xrp-set-to-lead-altcoin-boom-9-69-target)

[3] Yahoo Finance – XRP and SOL Signal Bull Run While Traders Hedge for ... (https://finance.yahoo.com/news/xrp-sol-signal-bullish-strength-062449930.html)