XRP News Today: Speculation Boils as XRP and Solana Meme Coins Race Toward ETF Deadline

Ripple’s XRP is showing signs of potential recovery as speculation builds around upcoming U.S. Securities and Exchange Commission (SEC) decisions on cryptocurrency exchange-traded fund (ETF) applications. On Sunday, September 7, XRP rose 3%, emerging as the second-best performer among top 10 cryptocurrencies behind Dogecoin (DOGE), which saw a 4% increase. This rise was fueled primarily by speculative trading rather than increased spot market activity, as 24-hour trading volume for XRP declined by 10.3%. Derivatives data from Coinglass revealed that XRP futures trading volume increased by 17%, with open interest rising 3% over the last 24 hours, indicating growing speculative positioning ahead of key ETF deadlines between October 18 and 25 [1].

Seven asset managers have filed XRP ETF applications, and analysts like AlphaTrades have highlighted these dates as critical. The speculative activity appears to be concentrated among leveraged traders, with Coinglass data underscoring the growing volume in XRP futures contracts. This suggests that traders are anticipating a regulatory breakthrough or market shift tied to the SEC’s pending decisions. If leveraged demand continues to grow, XRP could outperform broader market headwinds, as seen in Sunday’s performance [1].

On the technical front, XRP is consolidating near $2.88, with Bollinger Bands narrowing around $2.70 support and $3.07 resistance. The RSI, at 48.3, is in a neutral range, suggesting the market is preparing for a potential breakout. A bullish scenario would require a sustained break above $3.07 resistance, supported by improving RSI momentum. If successful, XRP could target $3.20 and eventually $3.45 as ETF speculation intensifies. However, the bearish case warns of overleveraged positions and potential liquidation risks that could push the price toward $2.70 support or even lower to $2.50 [1].

Meanwhile, the Solana-based meme coin Wall Street Pepe (WEPE) has gained attention as a rising star in the meme coin space. WEPE’s expansion from Ethereum to Solana has positioned it within one of crypto’s fastest-moving markets. By leveraging Solana’s speed, low fees, and large retail user base, WEPE is competing with established Solana meme coins like Bonk and Pengu. WEPE has introduced a burn mechanism tied to Solana purchases, which has already removed over 1.8 billion tokens from circulation. This deflationary approach adds scarcity and has coincided with price surges in the broader meme coin sector [3].

The growing popularity of Solana meme coins is also being driven by the platform’s infrastructure. Solana’s high-speed transactions, low fees, and growing decentralized application (dApp) ecosystem have made it an attractive environment for meme coins. WEPE’s cross-chain strategy, burn mechanics, and Wall Street-themed narrative distinguish it within the Solana meme coin landscape. While it is still early to determine whether WEPE will reach the same scale as Bonk or Pengu, its launch strategy aligns with proven patterns of cultural resonance and community engagement [3].

The intersection of XRP and Solana-based meme coin speculation reflects a broader trend of market participants shifting focus toward assets with short-term growth potential. As the SEC’s October 18 deadline approaches, both XRP and Solana meme coins like WEPE could see increased volatility. For XRP, the outcome of ETF applications could serve as a catalyst for a rebound, while Solana’s meme coin market continues to attract retail traders seeking explosive gains. The next week will be critical in determining whether these speculative positions translate into sustained price action or fade into market noise [1].

Source:

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

[2] The 6 Best Solana Meme Coins to Buy in 2025 - Updated List (https://99bitcoins.com/cryptocurrency/best-solana-meme-coins/)

[3] WEPE Token Review: Is Wall Street Pepe the Next Big ... (https://techpoint.africa/cryptoexplorer/2025/09/02/wepe-token-review-is-wall-street-pepe-the-next-big-solana-meme-coin-to-join-bonk-and-pengu/)

[4] What Is The Current Outlook for XRP? (https://www.onesafe.io/blog/whats-next-for-xrp-market-trends-future-predictions)