XRP News Today: SEC Rule Changes Could Unlock Next XRP Surge; BTC Hits $121k

XRP Extends Losing Streak – Spot ETF Approvals Key to the Next Breakout

BlackRock’s (BLK) XRP ETF plans could be a game-changer — but timing is everything. Debate about the timing of BlackRock applying for an iShares XRP Trust continued over the weekend.

Investors are split: is BlackRock playing a waiting game or quietly preparing for liftoff?

Nate Geraci, President of Nova Dius Wealth, hinted at a potential application for an iShares XRP Trust, with an image that stated:

“So yeah, BlackRock is just waiting for indication of SEC approval of generic listing standards for crypto ETFs before filing for spot XRP & SOL ETFs.”

The speculation about an iShares ETF has intensified as investors await the SEC’s decision on proposed rule changes to expedite crypto-spot ETF approvals. In July, Cboe BYZ Exchange, Nasdaq, and NYSE Arca Inc. filed 19b-4s, requesting a rule change that would permit Commodity-Based Trust Shares to list and trade under a standardized framework.

A formal structure would remove the need to request approvals for crypto ETFs that meet the outlined criteria. Currently, exchanges file a 19b-4 form, which kickstarts the SEC’s review period. The review period could last up to 240 days.

A standardized framework could facilitate the approval of pending crypto-spot ETF applications, including the Grayscale Digital Large Cap ETF (GDLC) and the Bitwise 10 Crypto Index ETF (BITW). Both invest in a range of cryptos, including XRP. Approvals may be the stepping stone toward the launch of XRP-spot ETFs, with review period deadlines in October.

The SEC approved the rule changes for GDLC and BITW but delayed launches via stay orders.

XRP Price Outlook: Spot ETFs Key to Breakout

XRP fell 1.17% on Sunday, August 10, following the previous session’s 1.84% loss, closing at $3.1880. The token underperformed the broader market, which rallied 1.41%, taking the total crypto market cap to $3.93 trillion.

XRP extended its losing streak to three sessions on Sunday, August 10. Uncertainty about the timeline for an XRP-spot ETF approval overshadowed last week’s Joint Stipulation of Dismissal filing. The SEC and Ripple withdrew their appeals, concluding the Ripple case.

In contrast, the broader market extended its winning streak to five sessions, as crypto-spot ETFs, including the SOL-spot ETF, recorded net inflows in the week ending August 8. Notably, SOL gained 1.51% on Sunday, August 10, extending its winning streak to five sessions.

In the near-term, XRP’s price outlook hinges on several key catalysts, including:

• XRP-spot ETF news.
• Ripple’s progress on a US banking license.
• SWIFT-related headlines.
• Legislative news.

A breakout above the August 8 high of $3.3830 could allow the bulls to target the $3.5 resistance level. A sustained move through $3.5 opens the door to testing the July 18 all-time high of $3.6606 (Binance Exchange).

However, a break below $3.2 may bring the August 5 low of $2.9184 into play, exposing the 50-day Exponential Moving Average (EMA).

Explore our full XRP forecast here for key breakout zones and timing insights.

Bitcoin Rebounds as Demand Outlook Brightens

While XRP struggles under ETF uncertainty, Bitcoin (BTC) found fresh momentum. The US BTC-spot ETF market recorded total net inflows of $253.2 million after snapping a four-day outflow streak on August 6. Spot ETF market flow trends remain crucial for BTC’s supply-demand outlook.

Last week’s Executive Orders, including the Democratizing Access to Alternative Assets for 401(k) Investors, could boost BTC demand. The EO will reportedly allow over 90 million American 401(k) investors to diversify their retirement accounts to include crypto assets.

Tony Sycamore, market analyst at IG.com, remarked on BTC’s gains from the week ending August 10, stating:

“The gains came after US President Trump signed an executive order allowing alternative assets, including cryptocurrencies, to be included in 401(k) retirement funds. This move clears the way for a portion of the $8.7 trillion 401(k) market to invest in crypto assets through their retirement plans.”

BTC Price Outlook: US Economic Indicators and Spot ETF Flows in Focus

BTC rallied 2.66% on Sunday, August 10, reversing the previous session’s 0.48% loss to close at $119,047. On Monday, August 11, BTC extended its gain, revisiting the $121,400 mark for the first time since July 14.

Several key events will influence the near-term price outlook. These include:

• US CPI Report.
• Fed policy guidance.
• Legislative developments on Capitol Hill.
• BTC-spot ETF flows.

Potential scenarios:

• Bearish Scenario: Legislation setbacks, hotter US inflation, hawkish Fed cues, and ETF outflows. A combination of these may push BTC toward $115,000, potentially bringing the 50-day Exponential Moving Average (EMA) into sight.
• Bullish Scenario: CLARITY Act’s progress on Capitol Hill, cooler US inflation, dovish Fed chatter, and ETF inflows. In this case, BTC could move beyond the all-time high of $122,055.

Key Market Drivers to Fuel or Derail a Breakout

Traders should closely monitor the following events to assess whether XRP and BTC extend recoveries toward all-time highs:

• XRP-spot ETF headlines.
• Legislative news: The CLARITY Act.
• Fed commentary: Hawkish or dovish signals.
• ETF market flows: Flow trends crucial for BTC’s supply-demand balance.

See where analysts expect XRP and BTC to head as legal and political risks evolve.