XRP News Today: XRP ETF Momentum Ignites — Could a $5 Billion Floodgate Be About to Open?

XRP-based products have seen a record third-largest inflow as investors continue to show strong interest in the cryptocurrency ahead of potential regulatory approvals. The price of XRP has formed multiple bullish chart patterns, including a falling wedge, a double-bottom, a bullish pennant, and a cup-and-handle pattern, suggesting a potential breakout in the near term. These formations, combined with rising inflows in XRP-based ETFs, point to increased market confidence and demand.

One of the primary drivers of this bullish momentum is the performance of existing futures-based XRP ETFs. The Teucrium 2X Long Daily ETF (XXRP) has seen inflows for 22 consecutive weeks, adding $18.2 million in the latest week alone. This has brought its total assets to over $355 million, making it one of the largest altcoin ETFs on Wall Street. Similarly, the ProShares Ultra XRP ETF (UXRP) has added $5.4 million in the last four weeks, now holding $100 million in assets. These numbers reflect a strong appetite for XRP exposure, even in the face of high fees and market volatility.

Analysts and market observers are increasingly optimistic about the potential approval of a spot XRP ETF. Polymarket data indicates an 87% probability of approval before year-end, with nearly 10 applications under review. Nate Geraci, co-founder of the ETF Institute, has warned that market participants are underestimating the demand for XRP ETFs, drawing parallels to the underestimated demand for Bitcoin and Ethereum ETFs before their launches. Some analysts, including Steve McClurg of Canary Capital, predict inflows of up to $5 billion in the first month if a spot ETF is approved.

A new entrant to the XRP ETF landscape is the proposed Amplify XRP Monthly Option Income ETF. If approved, this fund would not only offer direct exposure to XRP’s price but also generate income through covered call strategies. The product is being developed by a firm with $13.6 billion in assets under management, which adds a layer of credibility to the offering. Bill Morgan, a prominent legal expert in crypto, highlighted the unique value proposition of the ETF, emphasizing its potential to attract a broader audience, including investors who may be hesitant to invest in crypto for speculative gains.

Institutional adoption of XRP is also gaining traction, with Ripple Labs expanding its partnerships. A recent collaboration with Thunes, a global fintech company, aims to enhance cross-border payment solutions. Additionally, Ripple’s partnership with Aave has integrated its stablecoin, RLUSD, into the Horizon project. The RLUSD supply on Horizon has surged to $28 million, and its market capitalization has reached over $700 million, with projections of reaching $1 billion this year. These developments underscore the growing utility and adoption of XRP within the broader financial ecosystem.

Technical analysis of XRP’s price movements supports the bullish outlook. The coin has formed several key chart patterns that suggest further upside potential. The double-bottom pattern at $2.7167, with a neckline at $3.3700, and the falling wedge pattern both indicate that a breakout is likely. If XRP breaks through these levels, the price could reach as high as $3.60 in the coming weeks. The ongoing ETF filing process and the growing institutional interest are expected to act as catalysts for this price action.

Despite the positive developments, the broader cryptocurrency market remains volatile. Bitcoin and Ethereum have seen some pullbacks, and macroeconomic uncertainty continues to weigh on investor sentiment. However, the strong inflows into XRP ETFs and the formation of bullish chart patterns suggest that XRP is outperforming its peers in the current market environment. As the October deadline for the SEC’s decision on XRP ETFs approaches, the market is poised for significant movement, with the potential for a major price surge if regulatory hurdles are cleared.

Source:

[1] XRP price forms multiple bullish patterns as Ripple ETF inflows jump (https://crypto.news/xrp-price-forms-multiple-bullish-patterns-as-ripple-etf-inflows-jump/)

[2] XRP ETF approval seen to unlock $5bn bonanza, but 'people ... (https://finance.yahoo.com/news/xrp-etf-approval-seen-unlock-121250497.html)

[3] XRP ETF Filing by Amplify Could Unlock Institutional Inflows (https://thecurrencyanalytics.com/altcoins/xrps-bull-moment-amplify-etf-filing-could-open-the-floodgates-for-institutions-194414)

[4] Bitcoin, XRP, and Ethereum Are Falling. Here Are the 3 Main ... (https://finance.yahoo.com/news/bitcoin-xrp-ethereum-falling-3-110000250.html)

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[6] Bitcoin price steady, Ethereum leads ETF inflows, XRP ... (https://www.fxstreet.com/cryptocurrencies/news/crypto-today-bitcoin-ethereum-xrp-offer-recovery-signals-as-bearish-september-sentiment-spreads-202509011200)

[7] Investors Bought the XRP Hype -- Is It Now Time to Sell the ... (https://finance.yahoo.com/news/investors-bought-xrp-hype-now-070600680.html)

[8] Analyst Predicts \"Massive\" October Citing Historical Trends (https://www.financemagnates.com/trending/xrp-tests-resistance-analyst-predicts-massive-october-citing-historical-trends/)