XRP saw selling pressure intensify as recent delays to XRP-spot ETF application decisions put price catalysts on ice. Investors locked in August to date profits, with the absence of XRP-spot ETFs likely to delay an influx of sticky institutional money.
Two key events from last week and XRP’s price trends highlighted the market’s shift in focus from the resolved Ripple case to spot XRP ETFs. Crucially, the SEC dashed hopes for an XRP-spot ETF approval soon after the US Court of Appeals approved the Joint Stipulation of Dismissal.
The approval was a crucial stepping stone, given that the SEC dropped its appeal against the Programmatic Sales of XRP ruling. The appeal withdrawal meant that Judge Torres’ ruling that Programmatic Sales of XRP did not satisfy the third prong of the Howey test stands uncontested. The legal clarity ensures XRP’s status as a non-security in secondary sales on exchanges, allowing for an XRP-spot ETF market.
However, the SEC’s plans for a standardized crypto ETF framework have led to delays in the approval and launch of XRP-spot ETFs. Pending XRP-spot ETF applications with final deadlines in October include:
The absence of crucial XRP and broader crypto market price catalysts has triggered the latest crypto retreat. Notably, XRP extended its losing streak to three sessions on Monday, August 25, despite the US Court of Appeals approval on Friday, August 22.
Despite the SEC’s continued pushback on XRP-spot ETFs, the rollout of a standardized crypto ETF framework may be imminent. Shortly after the US Court of Appeals approval, several XRP-spot ETF issuers filed S1 amendments with the SEC. 21Shares, Bitwise, Canary, CoinShares, Franklin Templeton, and WisdomTree filed the amendments to their original filings.
The amendments could stem from dialogue with the SEC, suggesting the standardized ETF framework may be ready to roll out, potentially triggering a wave of crypto-spot ETF approvals.
For XRP, spot ETF launches could lead to an influx of institutional money, potentially triggering a breakout toward its all-time high of $3.6606 (Binance Exchange). However, the ongoing delays expose XRP to broader market sentiment until an SEC approval.
As losses intensify, will dip buyers deliver a rebound, or are more losses on the horizon? XRP slid 5.52% on Monday, August 25, following Sunday’s 0.68% loss, closing at $2.8595. The token underperformed the broader market, which dropped 4.34% to a total crypto market cap of $3.73 trillion.
In the near-term, XRP’s price outlook hinges on several key catalysts, including:
Potential scenarios:
Global macroeconomic developments and Bitcoin (BTC) price trends will continue to influence XRP price action.
Explore our full XRP forecast here for key breakout zones and timing insights.
While XRP tumbled on delays to XRP-spot ETF approvals, Bitcoin (BTC) dropped below the crucial $110,000 support level for the first time since July 9. Recent whale activity and BTC-spot ETF outflows have weighed on BTC demand.
On Sunday, one whale sold 24,000 BTC, worth more than $2.7 billion, of a 152,874 BTC stash, triggering a flash crash. The hefty sale coincided with a surge in BTC-spot ETF outflows, impacting the supply-demand balance. The US BTC-spot ETF market reported total net outflows of $1.18 billion in the week ending August 22.
The $2.7 billion sale and outflows of $1.18 billion dwarfed Metaplanet’s latest BTC purchase. On Monday, August 25, Simon Gerovich, President of Metaplanet, announced:
“Metaplanet has acquired 103 BTC for ~$11.7 million at ~$113,491 per bitcoin and has achieved BTC Yield of 479.5% YTD 2025. As of 8/25/2025, we hold 18,991 BTC acquired for ~$1.95 billion at ~$102,712 per bitcoin.”
Metaplanet ranks #7 on the Bitcoin 100 list. Strategy (MSTR) ranks #1, with 632,457 BTC.
Despite BTC’s drop below $110,000, companies increased their Bitcoin holdings as a treasury reserve asset, cushioning the downside. According to HODL15 Capital, 14 companies increased their BTC holdings in the last seven days, including MSTR. The firms reportedly added 4,330 BTC.
On Monday, August 25, the US BTC-spot ETF market could snap its six-day outflow streak, supporting BTC at current price levels. Excluding BlackRock (BLK) iShares Bitcoin Trust (IBIT) flows, total inflows reached $148.3 million. According to Farside Investors, key flows included:
Despite ending a six-day outflow streak, August to date outflows of $1.04 billion suggest no immediate price recovery, barring a significant crypto event.
Julio Moreno, Head of Research at CryptoQuant.com, remarked on market sentiment, stating:
“The Bull Score Index is now at 40 and switched to the Getting bearish phase.”
On August 21, Moreno warned of further softening as the Bull Score Index switched from Bullish Cooldown to Neutral phase. Bitcoin has fallen 3.6% since August 21.
This week, US economic data, including today’s CB Consumer Confidence numbers, jobless claims, and the Personal Income and Outlays Report, will influence the Fed’s policy stance. A spike in the US Core PCE Price Index may sink bets on multiple Fed rate cuts, weighing on risk assets. Conversely, softer inflation could support a price recovery.
Bitcoin slid 2.77% on Monday, August 25, following Sunday’s 1.17% loss, closing at $110,194. BTC extended its losing streak to three sessions, reversing Friday’s 3.27% Fed-Chair Powell-induced rally.
Looking ahead, several key events may influence the near-term price trajectory. These include:
Potential scenarios:
Traders should closely monitor the following key events to determine whether XRP and BTC rebound:
See where analysts expect XRP and BTC to head as legal and political risks evolve.
With over 28 years of experience in the financial industry, Bob has worked with various global rating agencies and multinational banks. Currently he is covering currencies, commodities, alternative asset classes and global equities, focusing mostly on European and Asian markets.