XRP News Today: Regulators Hold the Key as XRP Nears $3 in High-Stakes ETF Countdown

Ripple’s XRP token is showing renewed bullish momentum as it inches closer to a $3 price level, with speculative demand intensifying ahead of critical October 18 ETF decision windows by the U.S. Securities and Exchange Commission (SEC). XRP rose 3% on Sunday, September 7, emerging as the second-best-performing asset among the top 10 cryptocurrencies. This upward move coincides with heightened speculation surrounding potential ETF approvals for XRP, with seven active filings under review by the SEC. Analysts and community observers suggest that the price action is being driven largely by leveraged traders betting on future regulatory developments.

Key indicators point to a market on the brink of a breakout. Technical analysis shows XRP consolidating near $2.88, with Bollinger Bands narrowing around $2.70 support and $3.07 resistance, suggesting imminent volatility. The Relative Strength Index (RSI) has improved to 48.3, indicating a potential reversal from oversold conditions. A successful breakout above $3.07 could target $3.20 in the short term, with longer-term optimism tied to intensified ETF speculation. However, bearish risks remain, particularly if macroeconomic factors or regulatory delays spark liquidations among leveraged positions, which could push the price down to $2.70 or even $2.50.

The speculative nature of XRP’s current rally is further underscored by recent derivatives activity. Coinglass data reveals a 17% increase in XRP futures trading volume over the last 24 hours, with open interest rising 3% to reflect growing exposure. Despite a 10.3% decline in spot trading volume during the same period, the futures market’s strength suggests that traders are positioning themselves ahead of anticipated volatility linked to the SEC’s October deadlines. This divergence between spot and derivatives markets highlights the role of expectations in shaping near-term price dynamics.

Ripple’s upcoming Swell 2025 event, scheduled for November 4-5 in New York, has added another layer of speculation. BlackRock, a major player in the ETF space, has confirmed the participation of its Digital Asset Director, Maxwell Stein, as a speaker. While BlackRock has publicly denied any plans for an XRP ETF, its presence at the event has fueled community expectations. Ripple CEO Brad Garlinghouse has previously suggested that an XRP ETF would “make sense for the XRP community,” further amplifying interest. The event is expected to host over 600 attendees and 60 speakers, including Ripple’s own Brad Garlinghouse and Adena Friedman.

The broader XRP ecosystem also shows signs of growth. Trading volume surged 16% since Wednesday evening, with the token ranking among the top five Layer 1 assets by daily activity. XRP’s market capitalization stands at $170.55 billion, and its price has risen by 448.22% over the past year. Analysts highlight the token’s outperformance against major benchmarks like Bitcoin and Ethereum, with XRP outperforming both by over 150% in the past year. This trend has been attributed to growing institutional interest, regulatory clarity, and the token’s utility in cross-border payments.

While optimism is building, challenges remain. The SEC’s October 18 deadline is a critical catalyst, and any delay in decision-making could dampen momentum. Additionally, BlackRock’s continued refusal to confirm an XRP ETF filing introduces uncertainty. Despite these risks, the market appears poised for a breakout, with high leverage positioning and institutional interest creating conditions for sharp price swings. As the XRP community and institutional players await the SEC’s rulings, the path forward remains closely tied to regulatory developments and speculative positioning.

Source:

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

[2] BlackRock Joins Ripple Swell 2025: Could an XRP ETF Be Next? (https://coingape.com/trending/blackrock-joins-ripple-swell-2025-could-an-xrp-etf-be-next/)

[3] XRP Price, XRP Price, Live Charts, and Marketcap (https://www.coinbase.com/price/xrp)