XRP News Today: XRP's $6 Target Looms as ETF Approval Odds Hit 87%

The XRP price has recently exhibited a favorable technical configuration, drawing attention from market participants as it forms a classic cup-and-handle pattern. This pattern, identified by traders and analysts, indicates a potential breakout above the $3.55 neckline resistance level. The pattern’s structure has historically been associated with strong upward momentum once the resistance level is surpassed. Technical indicators such as the RSI and Bollinger Bands are currently showing signs of suppressed volatility and stabilization, supporting the notion that downward pressure is diminishing, potentially paving the way for a more significant price movement.

The regulatory landscape is also evolving in a manner that could facilitate this upward trajectory. The U.S. Securities and Exchange Commission (SEC) is currently reviewing multiple XRP ETF applications, with a high probability—87%—of approval expected as early as October 2025. This optimism is driven by recent developments, including proposed rule changes that could expedite the approval process for crypto ETFs. These changes, introduced by exchanges like Cboe’s BZX, NASDAQ, and NYSE Arca, aim to streamline the regulatory process and reduce the backlog of applications, which could significantly enhance the chances of XRP’s ETF approval.

The potential approval of an XRP ETF would represent a major milestone for the asset, similar to the impact seen with Bitcoin and Ethereum ETFs. Analysts project that an approved XRP ETF could attract billions in new investments, mirroring the inflows observed during the launch of Bitcoin ETFs. This influx of capital is expected to not only validate XRP’s legitimacy as a financial asset but also increase its institutional adoption, further solidifying its position in the broader financial market.

In addition to the ETF narrative, XRP has been gaining traction in institutional circles due to its regulatory clarity and liquidity advantages. Steven McClurg, CEO of Canary Capital, has highlighted XRP’s unique positioning as the second most significant digital asset after Bitcoin, emphasizing its established market presence and potential for institutional integration. This growing institutional interest is further supported by XRP’s role as a bridge currency in cross-border transactions, where it offers faster settlement times and lower costs compared to traditional systems like SWIFT.

Looking ahead, the convergence of favorable technical indicators and regulatory developments suggests that XRP is well-positioned for a potential price surge. A breakout above the $3.55 resistance level could trigger a move toward the pattern’s projected target of $6, particularly if the ETF approval materializes. This scenario aligns with historical trends observed in the cryptocurrency market, where regulatory clarity and institutional adoption have often preceded significant price rallies. As such, the upcoming October decisions by the SEC could serve as a critical catalyst for XRP, potentially unlocking new levels of growth and market participation.

Source: [1] What to expect from XRP price if the SEC green-lights ETFs (https://www.fxstreet.com/cryptocurrencies/news/ripple-price-forecast-how-the-sec-could-fast-track-approval-of-xrp-etfs-202509021715) [2] Should You Buy XRP Before October? (https://www.nasdaq.com/articles/should-you-buy-xrp-october) [3] XRP Crypto News: Cup & Handle Pattern Points Toward ... (https://thetradable.com/crypto/xrp-crypto-news-cup-handle-pattern-points-toward-575-target-ig--a) [4] Ripple ETF Odds Hit 87% — Is XRP Price Ready for a $6 ... (https://coingape.com/markets/ripple-etf-approval-odds-hit-87-is-xrp-price-ready-for-a-6-rally/) [5] Analyst Predicts "Massive" October Citing Historical Trends (https://www.financemagnates.com/trending/xrp-tests-resistance-analyst-predicts-massive-october-citing-historical-trends/) [6] XRP's Institutional Surge: Transforming Crypto Banking ... (https://www.onesafe.io/blog/xrp-institutional-interest-crypto-banking)