XRP News Today: XRP Eyes $3.30 Breakout Amid SEC ETF Delays and Strategic Partnerships

XRP is inching closer to a pivotal price level as traders and analysts speculate on a potential breakout above $3.30. According to market analyst EGRAG CRYPTO, a sustained monthly close above this level could serve as a significant catalyst for upward momentum, potentially propelling the token toward $5.00 if historical price patterns continue [1]. The analyst identified a cup-and-handle technical formation, emphasizing that patience and discipline will be crucial for XRP holders as they approach this key milestone [2].

The market’s anticipation is further heightened by the delayed decision on the Nasdaq-listed Coinshares XRP ETF. Initially set for August 24, the U.S. Securities and Exchange Commission (SEC) has pushed the review to October 23, 2025 [3]. The extension allows the regulator additional time to assess new public comments and evaluate the proposed rule change. This prolonged timeline is not isolated; similar delays have also been reported for XRP ETF applications from Bitwise and Canary [4]. Analysts suggest that the uncertainty surrounding these regulatory decisions could impact the timing of institutional adoption and exposure to XRP [5].

While regulatory developments remain unresolved, Ripple continues to expand its influence through strategic partnerships and capital-raising efforts. CNBC reported that Gemini has filed for an IPO on Nasdaq with financial backing from Ripple [6]. This development underscores Ripple’s growing integration into traditional financial infrastructure and may enhance investor confidence in XRP’s long-term viability. Meanwhile, Ripple CEO Brad Garlinghouse has been engaging with major corporations such as Uber and Amazon to explore XRP as a payment solution, signaling the token’s increasing institutional appeal [7].

In parallel, Ripple has launched a new ecosystem initiative centered around the BXE token, priced at $0.025 with a capped supply of 500 million [8]. Analysts project a possible future price range of $19–24 per BXE token, citing its scarcity and the program’s role in expanding the XRP ecosystem [9]. These developments highlight Ripple’s multifaceted strategy to drive broader adoption and value creation across both crypto and traditional markets.

As the market awaits a clear regulatory signal, the XRP price remains in a tight trading range between $3.13 and $3.30 [10]. The coming weeks will be crucial in determining whether XRP can break above $3.30 and establish a sustained upward trend. However, with the SEC’s decision still pending and legal uncertainties persisting, XRP’s trajectory remains closely tied to the broader regulatory environment shaping the future of digital assets in the United States [11].

Sources:

[1] XRP Holds Tight Range as Traders Eye Breakout Above $3.30 (https://cryptodnes.bg/en/tag/bitcoin/page/2)

[2] XRP Faces $3.30 Breakout as SEC Delays ETF Decision Again (https://coinmarketcap.com/community/articles/68a456d38628c0000497e257/)

[3] Ripple Awaits U.S. Bank License and XRP ETF Approval in October (https://coinpedia.org/news/ripple-awaits-u-s-bank-license-and-xrp-etf-approval-in-october/)

[4] XRP News Today: XRP Falls Below $3 as Bearish Pressure Mounts (https://www.ainvest.com/news/xrp-news-today-xrp-falls-3-bearish-pressure-mounts-liquidations-exceed-420m-2508/)

[5] Top Altcoins to Buy in 2025: Cold Wallet, Toncoin, Tron & Sui on the Rise (https://coincentral.com/top-altcoins-to-buy-in-2025-cold-wallet-toncoin-tron-sui-on-the-rise/)