XRP News Today: SEC Shift, ETF Buzz Push XRP Toward $3 Resistance

Nasdaq: SEC Filing for Tokenized Equities and ETFs Boosts XRP

US exchanges continued to move beyond Main Street, spotlighting XRP. On Monday, September 8, Nasdaq filed a request with the SEC to permit the trading of tokenized exchange-traded funds (ETFs) and listed stocks. Tokenization of traditional assets would enable investors to trade on-chain or through Main Street. Investors trading tokenized assets would retain full shareholder rights.

XRP stands to benefit significantly from the tokenization and trading of traditional assets. Exchanges will need robust blockchain infrastructure to support on-chain trading of tokenized stocks and ETFs. The XRP Ledger’s fast settlement times, low-cost transactions, and scalability make it a viable option for exchanges looking to adopt blockchain solutions.

Given XRPL’s institutional-grade features like transparency and auditability, it could serve as the underlying infrastructure for tokenized asset trading. XRPL adoption could fuel demand for XRP as the native token that powers XRPL transactions. For context, the Nasdaq’s trading volume was $456.76 billion on Friday, September 5, with total trades of 55.62 million.

Nasdaq President Tal Cohen remarked on Monday’s filing, stating:

“Today’s filing marks an early step in Nasdaq’s journey to bring digital assets technology into the US equities markets and to take a responsible approach to bridge the gap between the digital-asset and traditional-asset worlds.”

The Nasdaq’s filing followed the SEC’s release of its rule list on Thursday, September 4. Crypto America host Eleanor Terrett shared the list, stating:

“The SEC’s Spring Agenda puts crypto front and center, from trading and custody to safe harbor frameworks for issuers. A new day indeed.”

XRP would benefit from clear rules of the road for the US digital asset space, given the resolution of the SEC vs. Ripple case.

SEC and CFTC Shifts Signal End of Biden-Era Anti-Crypto Approach

SEC Crypto Task Force head Commissioner Hester Peirce highlighted key developments, which included:

• Rulemaking agenda.
• Upcoming roundtable on CFTC-SEC harmonization.
• Staff statement on spot crypto trading.
• Upcoming roundtable on financial policy.

The marked shift in the agencies’ stances toward digital assets is significant, a seismic shift from the Biden-Gensler era.

The SEC’s change in attitude toward digital assets has fueled hopes for the approval of pending XRP-spot ETF applications. XRP-spot ETFs would open another door for Main Street to access the token. Sticky institutional monies are crucial to XRP’s price outlook, given the successes of the BTC-spot and ETH-spot ETF markets.

Price Action & Technical Analysis

XRP rallied 3.22% on Monday, September 8, building on Sunday’s 2.4% gain, closing at $2.9710. The token outperformed the broader market (1.03%), climbing toward the psychological $3 level. Traders are watching the following technical levels:

• Support: $2.7 and $2.5.
• Resistance: $3.0, $3.335, and the all-time high at $3.66.

In the near term, several key catalysts could drive price action:

• Spot ETF headlines: Approval or delays of XRP-spot ETF reviews could fuel price volatility. A BlackRock (BLK) iShares XRP Trust filing could be a price catalyst.
• Institutional Adoption: Blue-chip companies could acquire XRP as a treasury reserve asset, potentially providing price stability.
• Regulatory milestones: Ripple’s US-chartered bank license application, legislative developments, including the Market Structure Bill, and SWIFT headlines may further influence sentiment.

Catalysts & Scenarios

XRP’s outlook hinges on corporate, macroeconomic, and regulatory factors. Potential price scenarios include:

Bearish Scenario

• Legislative speed bumps slow the Market Structure Bill’s passage in the Senate or delay crypto-friendly regulations.
• Blue-chip companies refrain from XRP adoption as a treasury reserve asset.
• OCC contests or rejects Ripple’s US-chartered bank license.
• SWIFT maintains global remittance dominance, capping Ripple’s market access.

These bearish events could drag XRP below $2.7, potentially exposing the $2.5 level.

Bullish Scenario

• BlackRock applies for an iShares XRP Trust, and the SEC approves XRP-spot ETFs.
• Blue-chip companies target XRP for treasuries, and more payment platforms adopt Ripple tech.
• Ripple secures a US-chartered bank license, and the Senate passes the Market Structure Bill, delivering regulatory clarity.
• SWIFT loses market share of global remittances to Ripple.

These scenarios could drive XRP above its $3.66 (Binance) record high.

Conclusion: Is a Perfect Storm Brewing?

Tokenization of Main Street assets, an XRP-spot ETF market, and the Market Structure Bill are key price catalysts. Meanwhile, spot ETF-related headlines, the SEC’s stance on tokenization, and the Market Structure Bill’s passage on Capitol Hill will influence sentiment.

Bipartisan support for the latest draft of the Market Structure Bill and the SEC rolling out a standardized crypto ETF framework could send XRP to new highs. However, setbacks or delays expose XRP to key support levels.

For traders, the next few months could dictate whether XRP hits fresh highs—or drops below key support levels.

Analysts will closely monitor how regulatory and economic risks affect XRP’s trajectory in the coming months.