XRP News Today: XRP's Quiet Surge Hints at ETF-Driven Bull Case Brewing

Ripple’s XRP has recently seen a 3% intraday price increase, making it the second-best performer among the top 10 cryptocurrencies on September 7. This rise coincides with heightened speculation surrounding potential approvals of cryptocurrency ETFs, particularly those involving XRP, as the U.S. Securities and Exchange Commission (SEC) approaches key decision windows in late October. Analysts and market participants are closely watching the situation, especially with seven ETF filings under review by October 18 and 25 [1].

The upward movement in XRP is primarily attributed to high-leverage speculative demand rather than increased spot trading volume. Data from CoinMarketCap shows a 10.3% decline in 24-hour trading volume alongside the 3% price gain, pointing to a scenario where much of the activity is driven by traders anticipating future regulatory developments. This dynamic is further supported by Coinglass' derivatives data, which indicates a 17% increase in XRP futures trading volume and a 3% rise in open interest over the same period [1].

Technical analysis of XRP’s price action reveals consolidation near the $2.88 level following the rally, with Bollinger Bands narrowing around $2.70 support and $3.07 resistance. Analysts are monitoring these levels closely, as a breakout could signal a shift in market sentiment. A bullish scenario would see XRP surpassing $3.07 resistance, supported by improving RSI momentum, which currently stands at 48.3 after rebounding from oversold levels. Should this happen, the next potential targets are $3.20 and $3.45, particularly if ETF speculation intensifies [1].

Conversely, a bearish outlook highlights the risks associated with weak spot trading activity and the potential for large-scale liquidation events among leveraged long positions. A breakdown below the $2.70 support level could trigger a sharper retracement toward $2.50, undoing recent gains. With RSI positioned at mid-levels and limited backing from spot demand, XRP is expected to remain range-bound until new catalysts emerge [1].

Looking beyond short-term price movements, analyst Davie Satoshi has highlighted structural strengths in XRP’s fundamentals and technical patterns. According to his analysis, XRP is in the early stages of a major 5-wave cycle, with wave 3 historically marked by explosive price action. If the pattern holds, XRP could see a significant rally toward $8 to $30, offering a 3x to 10x upside for current holders [2]. This projection is not solely based on technical indicators but also on recent developments such as Ripple’s acquisition of Rail Financial and the launch of RLUSD, a stablecoin that could boost the XRP Ledger’s utility and volume [2].

Additional catalysts for XRP include the global adoption of ISO 20022, regulatory clarity from the SEC, and institutional interest driven by ETF filings from major firms. RippleNet’s compliance with ISO 20022 positions XRP to serve as a bridge asset in global financial networks, while the recent resolution of the SEC case has removed institutional barriers by establishing XRP as a non-secure asset [2]. The potential approval of spot XRP ETFs could further amplify institutional demand, similar to what was observed with Bitcoin ETFs.

Ripple has also expanded its global footprint through partnerships, including one with Thunes, a cross-border payments network active in over 100 countries. This integration positions XRP as a key player in remittances, payroll, and cross-border commerce [2]. Institutional accumulation of XRP is also rising, with hedge funds and family offices increasingly viewing the token as a viable holding. Analysts suggest that XRP’s growth is now driven by real-world utility rather than speculative trading, indicating a more sustainable trajectory for the asset [2].

Source:

[1] Ripple (XRP) Price Moves Toward $3 as Community ... (https://finance.yahoo.com/news/ripple-xrp-price-moves-toward-215804400.html)

[2] Analyst Says XRP Setup Is Too Clean to Ignore, Builds Case for $30 Price (https://thecryptobasic.com/2025/09/08/analyst-says-xrp-setup-is-too-clean-to-ignore-builds-case-for-30-price/)