XRP News Today: XRP and DOGE Ride ETF Hopes Amid Speculative Storm

Ripple (XRP) and Dogecoin (DOGE) have emerged as key altcoin performers in early September, driven by speculation over pending cryptocurrency ETF approvals. On Sunday, September 7, XRP rose 3%, securing its position as the second-best performer among the top 10 cryptocurrencies, with DOGE rising 4%. Analysts and market participants attribute these gains to heightened anticipation surrounding the U.S. Securities and Exchange Commission (SEC)’s October 18 decision window for cryptocurrency ETF applications [1].

XRP’s price movement on Sunday was primarily fueled by speculative demand, particularly in the derivatives market. According to Coinglass data, XRP futures trading volume rose 17%, while open interest increased by 3% over the last 24 hours. Despite a 10.3% drop in spot trading volume, the price rally signals growing leverage among traders positioning for a potential ETF approval [1]. AlphaTrades, a prominent crypto analyst, highlighted that seven asset managers have submitted XRP ETF applications, all expected to be reviewed between October 18 and 25 [1].

The technical outlook for XRP suggests a consolidation phase near $2.88, with Bollinger Bands indicating a potential breakout between $2.70 (support) and $3.07 (resistance). A bullish scenario would require a break above $3.07, supported by the RSI, which has improved to 48.3 from oversold levels. However, the bearish risk remains significant: should macroeconomic catalysts trigger a reversal, leveraged long positions could face massive liquidation, dragging the price toward $2.70 or even $2.50 [1].

Meanwhile, DOGE has surged to 23 cents, with the Rex-Osprey DOGE ETF (DOJE) expected to launch this week, marking the first U.S. ETF to directly track the memecoin. According to Nate Geraci of the ETF Store, this product will offer U.S. investors direct exposure to DOGE’s price movements. The ETF is backed by REX Shares and Osprey Funds, which previously launched the Solana staking ETF $SSK. Market participants anticipate heightened volatility around the launch, with DOGE outperforming larger cryptocurrencies in recent days [3].

Beyond price action, XRP has shown resilience in alternative use cases despite limited adoption by traditional banks. The cryptocurrency has found traction in retail remittances, corporate payments, and internet-based micropayments. In markets like the Philippines, Mexico, and India, fintech firms leverage XRP’s low fees and fast settlement times to facilitate cross-border transactions for underserved populations. For example, SBI Japan’s XRP-based remittance service targets high-volume regions such as the Philippines, Vietnam, and Indonesia, converting XRP into local currencies for end users [2].

Additionally, the XRP Ledger (XRPL) ecosystem has fostered innovation in decentralized finance (DeFi), including tokenized assets and automated market makers. These developments suggest that XRP can sustain demand through collateral and liquidity use cases, even without widespread adoption by global financial institutions [2].

As the week progresses, the altcoin market remains highly leveraged, with both XRP and DOGE vulnerable to sharp corrections amid macroeconomic uncertainties. Analysts warn that leveraged positions in XRP could face liquidation risks if the price fails to break above key resistance levels, while DOGE’s speculative nature exposes it to volatility linked to ETF-related events [1].

Source:

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

[2] What If Banks Say No to XRP, Here's Why XRP Still Wins ... (https://thecryptobasic.com/2025/09/08/what-if-banks-say-no-to-xrp-heres-why-xrp-still-wins-without-wall-street/)

[3] Could a Dogecoin ETF Be Launched in the U.S. This Week? (https://www.coindesk.com/markets/2025/09/08/could-a-dogecoin-etf-be-launched-in-the-u-s-this-week)