XRP News Today: XRP’s ETF Hype Ignites as Price Climbs Toward $3

Ripple's XRP surged 3% on Sunday, reaching $2.88, emerging as one of the top-performing cryptocurrencies amid growing anticipation for potential exchange-traded fund (ETF) approvals. Analysts highlight that increased speculation around the U.S. Securities and Exchange Commission (SEC) decision window, particularly around October 18, is driving XRP’s recent performance. The price rally was supported by leveraged speculative demand, even as spot trading volumes dropped by 10.3% in 24 hours [1].

Derivatives data from Coinglass indicates a 17% rise in XRP futures trading volume and a 3% increase in open interest, reinforcing the narrative of heightened speculative activity. With seven XRP ETF applications under review, the cryptocurrency could continue to outperform broader market trends as the October 18 deadline approaches [4]. Analyst Nate Geraci, co-founder of the ETF Institute, emphasized the underestimated demand for XRP ETFs, noting that similar underestimations occurred before Bitcoin and Ethereum ETF approvals [1].

Market participants are closely watching the SEC's decision, with Polymarket data showing an 87% probability of XRP ETF approval within 24 hours, up from 64% in August. If approved, XRP ETFs are expected to attract significant inflows. Canary Capital’s Steve McClurg forecasted up to $5 billion in inflows within the first month, while JPMorgan analysts projected up to $8 billion in the first year [1].

XRP’s technical outlook presents a mixed picture. The price has consolidated near $2.88, with Bollinger Bands indicating a potential breakout range between $2.70 support and $3.07 resistance. The RSI, currently at 48.3, shows improving momentum from oversold levels. A successful breakout could target $3.20 and eventually $3.45, particularly if ETF speculation intensifies [4]. However, bearish risks persist as spot trading activity weakens and leveraged positions may face liquidation pressures if macroeconomic catalysts turn negative.

On-chain metrics reveal increased XRP accumulation, with 1.7 million tokens moved off exchanges in the past month, signaling confidence in a potential price breakout. However, the network value-to-hashrate (NVT) ratio spiked, indicating potential short-term overvaluation that could lead to volatility [5]. Additionally, futures open interest has declined from $10.94 billion in July to $7.4 billion, reflecting cooling retail enthusiasm, though positive funding rates suggest long positions remain active [5].

Upcoming events, such as Ripple Swell 2025 in New York and continued institutional developments, are expected to further influence XRP’s trajectory. BlackRock’s participation in the event, despite denying ETF plans, adds credibility to the narrative of broader financial integration. Eighteen XRP ETF applications remain under SEC review, and analysts project a potential price target of $10–$16 by year-end 2025 if all are approved [5]. Ripple’s expansion into new markets, including 90+ active payment corridors and partnerships with SBI Remit and Onafriq, further supports its long-term growth prospects.

XRP’s RLUSD stablecoin has expanded into South Africa, powering partnerships with key regional players and supporting climate insurance pilots in Kenya. This adoption of RLUSD is expected to increase demand for XRP through on-demand liquidity, reinforcing the asset’s utility beyond speculative trading [5]. Meanwhile, technical analyses suggest a potential cup-and-handle pattern, with resistance near $3.20 and an extended Fibonacci target around $3.80. While long-term projections vary, grounded forecasts remain significantly lower than speculative claims, with 2030 price targets ranging from $2.80 to $5.25 [5].

As XRP moves closer to its $3 threshold, the cryptocurrency’s trajectory remains tied to both speculative momentum and institutional adoption. With the October 18 deadline approaching, the outcome of ETF approvals will likely serve as the most decisive catalyst for XRP’s next phase of growth.

Source:

[1] title1 (https://finance.yahoo.com/news/xrp-etf-approval-seen-unlock-121250497.html)

[2] title2 (https://crypto.news/whats-next-for-xrp-price-as-etf-approval-chances-hit-87/)

[3] title3 (https://www.mexc.com/price/XRP)

[4] title4 (https://finance.yahoo.com/news/ripple-xrp-price-moves-toward-215804400.html)

[5] title5 (https://www.tradingnews.com/news/xrp-price-forecast-ripple-eyes-3-usd)

[6] title6 (https://www.coinspeaker.com/ripple-xrp-price-moves-toward-3-as-community-speculates-oct-18-etf-approvals/)