XRP News Today: XRP's ETF Hopes Ignite Bullish Patterns as Regulators Fast-Track Approval

XRP price activity has drawn significant attention amid growing anticipation for the approval of spot ETFs, with recent developments indicating a favorable trajectory for the cryptocurrency. As of September 2, XRP rose by 2.5%, signaling a potential recovery after a period of decline. This rebound aligns with a rising probability of approval for several XRP-based ETFs, including the Grayscale XRP ETF and the Canary ETF, both of which are now under a final review by the U.S. Securities and Exchange Commission (SEC). These deadlines, set for October 18 and October 24 respectively, have raised expectations that the SEC may approve multiple ETFs simultaneously, following a precedent set with Bitcoin and Ethereum. According to market data, the likelihood of XRP ETF approval by year-end has climbed to 87%, up from 64% in August [1]. Analysts suggest this could catalyze a price surge, especially considering the robust demand seen in existing XRP-related products such as CME Futures, which have already attracted over $1 billion in open interest [1].

The potential for XRP ETF approval has also been accelerated by proposed regulatory changes aimed at streamlining the approval process. In July, exchanges such as Cboe’s BZX, NASDAQ, and NYSE Arca submitted 19b-4 rule changes to the SEC to expedite the listing of crypto ETFs. According to a report by Galaxy Research, XRP is expected to meet the necessary criteria by mid-September, particularly the requirement of having traded on a designated contract market for at least six months [3]. If adopted, this fast-tracked approach could significantly reduce the SEC’s backlog of over 90 ETF applications and provide much-needed clarity for market participants. Analysts note that this could increase XRP’s legitimacy as an asset class and attract further institutional interest [3]. Additionally, recent partnerships by Ripple, including a cross-border payment agreement with fintech firm Thunes and an integration with Aave for its stablecoin, have contributed to a broader ecosystem growth, potentially enhancing XRP’s utility and demand [5].

Technical analysis further supports a bullish outlook for XRP, with the price currently forming multiple patterns that suggest a potential breakout. These include a falling wedge, a double-bottom, a bullish pennant, and a cup-and-handle structure—all of which are typically associated with upward price movements. On the daily chart, XRP has stabilized above the 100-day exponential moving average and is now approaching the $3.00 psychological level, a key resistance point. A successful breakout beyond this level could lead to further gains toward the July high of $3.66 and possibly even the $4.20 target, with some analysts projecting momentum toward the $5 level if bullish conditions persist [1]. Additionally, the Relative Strength Index (RSI) has shown signs of a potential reversal, and the Chaikin Oscillator has trended upward, indicating improving buying pressure. However, caution remains warranted, as the Moving Average Convergence Divergence (MACD) has maintained a bearish signal since late July, and a drop below the 100-day EMA could trigger a decline toward the 200-day EMA at $2.51 [3].

Long-term analysts have also weighed in on the broader implications for XRP, with some proposing two distinct scenarios. Renowned analyst EGRAG CRYPTO has outlined a potential parabolic rally from $2.83 to as high as $22–$27, based on a multi-year cycle projection that aligns with historical price patterns dating back to 2013 and 2018. This scenario assumes that XRP follows a similar trajectory to previous cycles, with a major peak expected in 2025. Conversely, if XRP fails to break above $2.90 or falls below $2.70, it could signal that the cycle top has already been reached [4]. Given the current positioning of XRP within a falling wedge on shorter timeframes, the immediate direction of price movement remains critical. A decisive breakout could trigger a larger bullish move, while a breakdown could delay the broader upward trend and raise questions about the sustainability of current momentum [4].

The regulatory landscape, both domestically and internationally, continues to shape the trajectory of XRP and other cryptocurrencies. In the U.S., the Trump administration’s focus on regulatory clarity has benefited XRP by reducing uncertainty for institutional investors and financial institutions. New policies under the Office of the Comptroller of the Currency (OCC) have allowed national banks to custody crypto assets and engage in stablecoin activities, which could drive higher institutional adoption of XRP for cross-border transactions [7]. Meanwhile, in the European Union, the European Central Bank (ECB) has emphasized the need for equivalent regulatory standards for foreign stablecoin issuers to prevent systemic risks. These global regulatory efforts underscore the growing recognition of crypto assets in traditional financial systems, which could further support XRP’s integration into mainstream portfolios [8].

Source:

[1] title1 (https://crypto.news/whats-next-for-xrp-price-as-etf-approval-chances-hit-87/)

[2] title2 (https://www.reddit.com/r/XRP/comments/1n71brv/fast_track_approval_of_xrp_etfs/)

[3] title3 (https://www.fxstreet.com/cryptocurrencies/news/ripple-price-forecast-how-the-sec-could-fast-track-approval-of-xrp-etfs-202509021715)

[4] title4 (https://coinedition.com/xrp-nears-apex-pattern-breakout-analysts-debate-long-term-outlook/)

[5] title5 (https://crypto.news/xrp-price-forms-multiple-bullish-patterns-as-ripple-etf-inflows-jump/)

[6] title6 (https://cryptorank.io/news/feed/be9f7-xrp-nears-apex-pattern-breakout-analysts-debate-long-term-outlook)

[7] title7 (https://www.nasdaq.com/articles/here-are-3-ways-president-trumps-crypto-policy-roadmap-could-affect-xrp)

[8] title8 (https://www.financemagnates.com/cryptocurrency/ecb-chief-says-foreign-stablecoin-issuers-must-face-eu-standards/)