XRP Price News: Holds Above $3 With Market Structure Bill, ETFs, and the Fed in Focus

XRP Snaps Winning Streak But Bullish Catalysts Ahead

XRP lags peers like SOL and DOGE despite looming ETF deadlines—will it catch up?

The token snapped a four-day winning streak amid profit-taking as traders wait for the SEC to green-light spot ETF launches.

Last week, the REX-Osprey XRP ETF passed the SEC’s 75-day review period without comment, setting up a September 18 launch. The ETF has a hybrid investment strategy, holding XRP, XRP ETFs, and derivatives.

However, the SEC continues to remain silent on the pending XRP-spot ETFs, delaying institutional investor access and potentially seismic shifts in XRP’s supply-demand balance. The SEC has also not publicly responded to Grayscale’s letter, criticizing the agency for delaying the launch of the Grayscale Digital Large Cap ETF (GDLC).

Broader ETF Market Context

The SEC approved but issued stay orders, delaying the launches of the Grayscale Digital Large Cap ETF and Bitwise 10 Crypto Index ETF (BITW). These are multi-crypto spot ETFs that invest in XRP and other cryptos. The stay orders remain in effect, with ETF experts expecting the SEC to introduce a standardized crypto ETF framework before allowing the issuers to launch.

The absence of an XRP-spot ETF market has given Solana (SOL) an edge.

For context, SOL investors have benefited from an existing spot ETF. SOL climbed to an eight-month high of $249.72 on Sunday, September 14. The token has surged 20.39% month-to-date despite inflows of just $211 million since launch. Dogecoin (DOGE) has also benefited from institutional demand and the planned launch of the REX-Osprey DOGE ETF (DOJE), soaring 30.5% in the month. In contrast, XRP has risen 9.3% in September.

Fed Cuts and SEC Rulings: The Next Big Triggers

Beyond ETF speculation, macro policy could provide the next spark. XRP could potentially play catch-up, given the upcoming launch of the REX-Osprey XRP ETF.

Traders also eye the Fed meeting on Wednesday, September 17. Economists expect the Fed to cut interest rates and project multiple rate cuts, potentially lifting demand for cryptos.

The Fed’s policy stance could boost institutional and retail demand for XRP products, including the REX-Osprey XRP ETF. Still, investors may need to wait until October to gauge true institutional demand for XRP through spot ETFs.

11 issuers await SEC approval, with final deadlines ranging from October 18 to November 14. These include 21Shares, Bitwise, Canary Capital, CoinShares, Franklin Templeton, Grayscale, ProShares, and WisdomTree.

In August, 21Shares, Bitwise, Canary, CoinShares, Franklin Templeton, Grayscale, and WisdomTree filed S-1 amendments with the SEC. The amendment filings hinted at progress toward a potential launch.

However, investors will likely have to wait for the SEC’s standardized crypto ETF framework, which could come at any time. The standardized framework is expected to open the floodgates for crypto-spot ETF launches.

Capitol Hill Bill Could Redefine XRP’s Future

Meanwhile, the Market Structure Bill’s progress on Capitol Hill will be another focal point for XRP traders. Last week, optimism grew about a potential passing of the bill before Christmas. Crypto America Host Eleanor Terrett stated:

“At a fireside chat during CoinDesk’s Policy & Regulation Summit, Senator Cynthia Lummis said the Democrats’ market structure principles helped show Republicans just how few differences there really are between the two sides.”

Why do traders need to worry about the Market Structure Bill’s progress on Capitol Hill?

The Market Structure Bill would deliver much-needed regulatory clarity for the digital asset space. Notably, the bill would address the issues surrounding the classification of cryptos as a securities or non-securities and give the CFTC greater regulatory oversight.

For context, XRP soared 14.69%, striking a record high of $3.66 in reaction to the US House of Representatives passing the Market Structure Bill.

Price Action & Technical Analysis: $3.2 and Then $3.33

XRP fell 2.86% on Sunday, September 14, reversing Saturday’s 0.41% gain to close at $3.0311. The token underperformed the broader market (1.01%) but held above the psychological $3 level for the fourth consecutive session. Traders are watching the following technical levels:

• Support: $3, $2.8, and $2.5.
• Resistance: $3.2, $3.33, and the all-time high at $3.66.

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

• Spot ETFs: Approval or delays of XRP-spot ETFs would influence buyer appetite. A BlackRock (BLK) iShares XRP Trust filing would be a potential price catalyst.
• Institutional Adoption: Blue-chip companies announcing plans to acquire XRP as a treasury reserve asset.
• Regulatory milestones: Ripple’s US-chartered bank license application, Market Structure Bill-related updates, and SWIFT headlines may further influence sentiment.

Catalysts & Scenarios

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

Bearish Scenario

• Legislative delays, such as Democratic Party members challenging the Market Structure Bill or delays to crypto-friendly regulations.
• Blue-chip companies show limited interest in XRP as a treasury reserve asset.
• OCC delays or rejects Ripple’s US-chartered bank license.
• SWIFT maintains global remittance dominance, capping Ripple’s market access.

These bearish events could push XRP below $3, with $2.8 and $2.5 as the next key support levels.

Bullish Scenario

• BlackRock files for an iShares XRP Trust, and the SEC green-lights XRP-spot ETFs.
• Blue-chip companies adopt XRP as treasury reserve assets, and more payment platforms integrate Ripple technology.
• Ripple secures a US-chartered bank license, and the Senate passes the Market Structure Bill, driving adoption.
• SWIFT loses market share of global remittances to Ripple.

These events could send XRP above $3.2, bringing its record high of $3.66 (Binance) into view.

Conclusion: Is an XRP Breakout Imminent?

Investors now face a make-or-break month. XRP’s pullback underscored investor caution as the final decision deadlines approach for XRP-spot ETFs and debates on the Market Structure Bill. Approvals and the passing of the bill could fuel institutional and retail demand, potentially driving XRP above $3.66.

However, regulatory roadblocks and weak institutional demand may drag XRP toward $2.5.

For traders, the final few months of 2025 could determine whether XRP breaks higher on catalysts or faces renewed pressure from regulatory and market headwinds.

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