XRP News Today: Traders Await Senate Vote to Revive ETF Hopes and Break $3.1

XRP Dips on Profit-Taking: US Government Shutdown Fuels ETF Uncertainty

Investors took profits after XRP failed to push above $3.10. Friday’s failed Senate vote on a stopgap bill to fund the US government tempered expectations of an imminent XRP-spot ETF approval.

Notably, the US government shutdown may hinder the SEC’s capacity to approve XRP-spot ETFs by their final decision deadline dates. Grayscale’s XRP-spot ETF is first up, with an October 18 final decision deadline.

SEC Shutdown Impact and ETF Timeline

Crypto-spot ETF issuers withdrew their 19b-4s after the SEC approved the Generic Listing Standards for Commodity-Based Trust shares. Furthermore, issuers also filed potentially finalized S-1s, signaling an imminent SEC approval to permit trading.

For context, the SEC approved the S-1s for the BTC-spot ETFs on January 10, 2024, the final decision deadline date. All ten BTC-spot ETFs began trading the following day, on January 11, 2024.

Community and Analyst Reactions

The XRP community and ETF analysts predict the launch of XRP-spot ETFs will trigger a flood of institutional money, potentially sending the token to new highs.

Ripple Bull Winkle, a prominent crypto researcher with over 120k followers on X (formerly Twitter), commented:

“The XRP Spot ETFs will be the most important even in XRP’s history—period. […] XRP isn’t just another speculative coin – it’s infrastructure. And once Wall Street gets regulated exposure through an ETF, they’ll treat it like it. […] The early days of ETF inflows will be violent. Supply is fixed, demand won’t be. Every billion that flows in forces price discovery upward.”

Ripple Bull Winkle added that XRP could decouple from (BTC), noting:

“For years, XRP has moved in lockstep with Bitcoin’s mood swings. But spot ETFs are the key that finally unlocks independence. They bring legitimacy, liquidity, and massive institutional demand — the exact mix XRP’s been waiting for.”

NovaDius Wealth Management President Nate Geraci recently warned against underestimating demand for XRP-spot ETFs, stating:

“You heard it here first… People are severely underestimating investor demand for spot XRP & SOL ETFs. Just like they did w/ spot BTC & ETH ETFs.”

Institutional Flows and Market Context

The BTC-spot and ETH-spot ETF markets have recorded total net inflows of $60.0 billion and $14.4 billion, respectively. Institutional demand has firmly shifted the supply-demand balances, sending BTC and Ethereum (ETH) to record highs in 2025.

Notably, US BTC-spot ETF issuers reported total net inflows of $3.24 billion in the week ending October 3. The surge in demand sent BTC to a new record high of $123,843 in early trading on Sunday, October 5.

While the government shutdown may delay the launch of XRP-spot ETFs, an influx of institutional money could be on the horizon. XRP-spot ETFs may benefit from Ripple’s push for a US-chartered bank license, given that approval would further legitimize XRP’s real-world utility status.

Price Action & Technical Analysis: Can Bulls Break $3.1 Resistance?

XRP fell 2.33% on Saturday, October 4, following the previous day’s 0.01% loss, closing at $2.9697. The token underperformed the broader market (0.46%) and dropped below the psychological $3 level.

However, BTC’s early morning gains on Sunday, October 5, lifted sentiment, sending XRP above $3.

Traders are watching the following technical levels:

• Support: $3, $2.8, $2.5.
• Resistance: $3.1, $3.3, $3.66 (all-time high).

In the coming sessions, several key events could determine near-term price trends:

• XRP ETF demand, crypto-spot ETF headlines (delays or launches), and BlackRock’s stance on an iShares XRP Trust.
• Blue-chip companies’ appetite for XRP as a treasury reserve asset.
• Regulatory milestones: Ripple’s application for a US-chartered bank license, the Market Structure Bill, and SWIFT-related news may also influence near-term price trends.

Catalysts & Scenarios

The combination of ETF flows, legislative headlines, and demand for XRP as a treasury reserve asset could dictate whether XRP drops below key support levels or breaks above resistance.

Bearish Scenario

• GDLC, BITW, and XRPR ETFs report outflows, and BlackRock downplays plans for an XRP-spot ETF.
• SEC delays XRP-spot ETF launches.
• Lawmakers roadblock crypto-friendly regulations, including the Market Structure Bill.
• Blue-chip companies avoid XRP for treasury reserve purposes.
• OCC delays or rejects Ripple’s US-chartered bank license.
• SWIFT keeps its market share in global remittances, limiting Ripple’s market access.

These bearish scenarios could push XRP below the $3 level, bringing $2.8 into play. A break below $2.8 could expose the $2.5 support level.

Bullish Scenario

• BITW, GDLC, and XRPR report strong inflows.
• BlackRock submits an S-1 for an iShares XRP Trust, and the SEC green-lights S-1s for XRP-spot ETFs.
• Blue-chip companies adopt XRP for treasury purposes, and more payment platforms implement Ripple technology.
• Ripple secures a US-chartered bank license, and the Market Structure Bill makes progress in the Senate.
• Ripple eats into SWIFT’s dominance in the global remittance business.

These bullish scenarios could drive the token toward $3.1, with a breakout bringing $3.3 into play. A break above $3.3 would pave the way to the all-time high of $3.66.

The Big Question: Will the Senate Pass a Stopgap Funding Bill?

The market focus remains on the US government shutdown, dictating the timing of spot ETF launches. Speculation about an imminent launch of an XRP-spot ETF would likely intensify if the Senate passes a stopgap funding bill. However, a continued stalemate may push back the timelines for an ETF launch, potentially weighing on demand.

Analysts will closely monitor how regulatory risks influence XRP’s price outlook in the coming weeks.