XRP News Today: XRP Eyes $3.70 Target as Bullish Wave and SEC Reform Fuel ETF Hopes

XRP is showing signs of entering a critical bullish phase as market analysts and observers closely monitor its technical structure and regulatory developments. According to market analyst CryptoOG, the XRP 4-hour chart is forming an Elliott Wave pattern, with Wave 4 consolidating into a potential bull flag and setting the stage for Wave 5. This final wave, based on the 1.618 Fibonacci extension, is targeting a range of $3.67–$3.70. CryptoOG noted that Wave 5 typically reflects strong market momentum, driven by retail enthusiasm and rising confidence, and can signal a sharp, emotional price surge if Wave 3 lacked extension [1].

Currently, XRP is trading around the $3.10 zone, according to CoinGecko data. The analyst emphasized that volume confirmation is key upon a breakout above $3.20, which would validate the continuation of the bullish trend [1]. On-chain data has also indicated increased whale activity in recent weeks, suggesting accumulation and long-term positioning [4]. This trend aligns with broader market sentiment, as traders and investors anticipate further upside if XRP manages to break above key resistance levels like $3.60.

Meanwhile, the U.S. Securities and Exchange Commission (SEC) has taken a significant step toward mainstreaming altcoin-based exchange-traded products (ETPs) by introducing standardized “Listing Standards” through a new exchange filing. Under this framework, any digital asset with at least six months of futures trading on Coinbase’s derivatives exchange automatically qualifies for listing. This change streamlines the regulatory process, reducing approval timelines from 240 days to approximately 75 days for qualifying tokens [1]. Assets such as XRP, Solana, and Cardano are now seen as strong candidates for ETF approval under the new regime.

SEC Chair Paul Atkins confirmed that the July 29 vote also permits in-kind creations and redemptions for Bitcoin and Ether ETPs, aligning crypto ETF mechanics with traditional commodity structures and enhancing efficiency and cost-effectiveness [1]. Analysts, including Eric Balchunas, estimate that the odds of XRP and other major altcoins gaining approval are around 95% under the new framework. The consensus forecast points to a likely launch window for multiple altcoin ETFs in September or October 2025, with Solana-based ETPs expected to clear by October 10 [1].

The regulatory shift is widely seen as a major turning point in U.S. crypto financialization. By reducing friction and offering a “one-and-done” listing process, the SEC is likely to significantly expand institutional adoption. In-kind redemption mechanisms also ease arbitrage and liquidity burdens, making crypto ETPs more competitive with traditional commodity products [1]. This development mirrors the broader trend set by Bitcoin and Ethereum ETFs, which demonstrated the power of such products in driving demand and liquidity [3].

With these developments, the stage is set for XRP to potentially enter a new bullish phase. Analysts have highlighted that if the altcoin can maintain its current trajectory and break above $3.60 without a significant retrace, a rapid move toward $6–$10 could occur within a short timeframe [4]. This scenario hinges on both broader crypto market conditions and the successful launch of XRP-based ETFs in the U.S. Whale activity and accumulation patterns further suggest strong long-term positioning, particularly among larger investors who view XRP as a viable long-term holding following its recent legal resolution [5].

In conclusion, the evolving landscape for XRP suggests a confluence of favorable factors—regulatory clarity, growing institutional interest, and strong technical indicators—that could set the stage for a multi-year rally. While the outcome is not guaranteed, the current market dynamics are creating a compelling narrative for XRP as a potential breakout asset in 2025 [4].

Source:

[1] https://coinmarketcap.com/community/articles/688b8bcce798744f91d5fa18/

[2] https://m.economictimes.com/news/international/us/xrp-price-prediction-is-a-500-rally-coming-back-as-etf-buzz-grows-and-ripple-nears-sec-win/articleshow/122976859.cms

[3] https://www.aol.com/first-bitcoin-then-ethereum-ripples-070600244.html

[4] https://m.economictimes.com/news/international/us/xrp-price-prediction-xrp-whale-activity-shows-bullish-momentum-is-a-10-breakout-coming-soon/articleshow/122997983.cms

[5] https://www.ainvest.com/news/xrp-poised-10-breakout-2025-regulatory-clarity-whale-accumulation-2507/