XRP News Today: XRP at Crossroads: ETF Hopes and $2.80 Support Test Institutional Faith

The XRP (Ripple) price narrative has intensified amid growing anticipation for a spot exchange-traded fund (ETF), with recent developments suggesting that the likelihood of approval is climbing. According to data from industry sources, the probability of regulatory approval for an XRP ETF now stands at 87%[1], significantly bolstering market sentiment. The U.S. Securities and Exchange Commission (SEC) is reviewing 11 separate XRP ETF applications, with a potential decision expected in October[1]. Such an outcome would mark a pivotal moment for XRP, aligning it with Bitcoin and Ethereum in terms of institutional accessibility and potentially triggering billions in inflows[1].

Technical indicators also support the possibility of a price breakthrough. XRP has been consolidating around the $2.80 support zone, forming a classic cup-and-handle pattern with a neckline resistance at $3.55[1]. The RSI has stabilized near 42, signaling waning downward pressure, while Bollinger Bands have tightened, often a precursor to increased volatility and upward movement[1]. If XRP can surpass the $3.55 threshold, analysts suggest it could target $6 in the coming months, with institutional buying further reinforcing this technical foundation[1].

Recent price action reflects a tug-of-war between institutional accumulation and short-term selling pressure. On September 5, XRP dropped 4% after failing to break above the $2.88–$2.89 resistance zone[4]. Despite this, institutional inflows absorbed much of the downward momentum, adding 340 million XRP tokens in recent weeks[4]. This accumulation has occurred alongside broader market speculation about ETF-related catalysts. With the SEC’s October deadlines looming, traders are closely watching whether the $2.77 support level holds and whether a sustained move above $3.30 can unlock further upside[4].

The regulatory landscape has also improved following Ripple’s legal settlement with the SEC. The company paid a $50 million fine, resolving a long-standing lawsuit that had previously deterred institutional adoption[2]. This resolution has helped restore confidence in XRP’s utility, particularly in cross-border transactions, where it offers faster processing times and lower costs compared to traditional systems[2]. Some analysts predict that an ETF approval could drive XRP’s price to as high as $27, though such projections remain speculative and should be viewed with caution[2].

Looking ahead, the October SEC decisions represent a critical inflection point for XRP. If approved, an XRP ETF could accelerate adoption and institutional interest, potentially triggering a parabolic move akin to those seen in other major cryptocurrencies. However, the path to such a scenario is not without risk. Price volatility remains a defining feature of the XRP market, and sharp corrections are possible if sentiment shifts or regulatory hurdles persist[1]. Nonetheless, with a strong technical setup and improving regulatory clarity, the stage is set for a potential breakout.

Source:

[1] Ripple ETF Approval Odds Hit 87% — Is XRP Price Ready for a $6 Rally? (https://coingape.com/markets/ripple-etf-approval-odds-hit-87-is-xrp-price-ready-for-a-6-rally/)

[2] Where Will XRP (Ripple) Be in 1 Year? (https://www.aol.com/where-xrp-ripple-1-114500515.html)

[3] Google’s Gemini AI Predicts the Price of XRP, Solana and Pepe by the End of 2025 (https://cryptorank.io/news/feed/8f938-googles-gemini-ai-predicts-the-price-of-xrp-solana-and-pepe-by-the-end-of-2025)

[4] XRP Drops 4% After $2.88 Rejection as ETF Speculation Intensifies (https://www.coindesk.com/markets/2025/09/05/xrp-holds-usd2-84-after-v-shaped-recovery-from-midday-lows)