XRP News Today: Investor Confidence Swells as XRP ETF Hopes Spark Buying Frenzy

Ripple's XRP price is gaining renewed attention amid growing speculation around potential ETF approvals and broader market dynamics. On Sunday, September 7, XRP saw a 3% intraday increase, performing as the second-best among the top 10 cryptocurrencies. This movement coincided with a surge in speculative trading, particularly through leveraged futures positions. Derivatives data from Coinglass shows XRP futures volume rose 17%, with open interest increasing by 3% in the same period. These figures suggest heightened anticipation among traders ahead of the anticipated October 18–25 window when the U.S. Securities and Exchange Commission (SEC) is expected to evaluate multiple XRP ETF applications [1].

Community sentiment and social media discussions further indicate increased activity around the upcoming ETF decisions. Analyst AlphaTrades highlighted key deadline dates in an online post, reinforcing the speculation. XRP's 3% price rally on September 7 was also accompanied by a 10.3% drop in 24-hour trading volume, signaling that the move was driven more by leveraged speculation than by broader spot market demand [1]. Such dynamics are often observed when market participants prepare for potential regulatory outcomes that could significantly impact asset valuations.

Looking at broader trends, the accumulation of XRP has been particularly notable. Over the past month, investors have accumulated approximately 1.7 million XRP tokens, with the exchange net position change data showing this is the largest in over two years. This pattern suggests growing confidence among market participants in the token's potential for future gains. Despite a recent decline in the broader cryptocurrency market, XRP has seen renewed buying interest, allowing it to stabilize and position for a potential breakout [3].

Analysts are monitoring both technical and macroeconomic indicators. XRP’s price currently hovers near $2.88, with Bollinger Bands narrowing around key support at $2.70 and resistance at $3.07. A bullish scenario would require a break above $3.07, supported by improved RSI momentum, which has risen to 48.3 after bouncing from oversold levels. If successful, the next target for XRP would be $3.20, with a longer-term target at $3.45 should ETF speculation intensify. Conversely, weak spot trading activity and potential macroeconomic shocks could trigger liquidation, dragging the price back to $2.70 or even lower [1].

In the longer term, XRP is being projected to reach $4–$7 by mid-October, aligning with both technical setups and broader market events. This timeline also coincides with expected Federal Reserve interest rate decisions and the anticipated launch of XRP ETFs. Analysts like Zach Rector argue that September 7 marked a turning point rather than a missed opportunity, with a full moon cycle signaling the end of a consolidation phase [2]. If ETFs are launched in October 2025, the price could see a sharp rise to $20–$30 by 2026, with pent-up demand potentially accelerating the timeline [2].

Source:

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

[2] XRP Price Timeline Update: Can Double-Digit Gains Arrive ... (https://coinpedia.org/news/xrp-price-timeline-update-can-double-digit-gains-arrive-before-year-end/)

[3] XRP Price Receives Major Bullish Indicator After Record Buy (https://beincrypto.com/xrp-price-two-year-high-accumulation/)