XRP Price News: Support at $3, Resistance $3.33 as ETF Buzz Builds

First US XRP ETF Gets Green-Light

XRP enters a pivotal stage as the SEC green-lights an XRP ETF, potentially launching as early as today, Friday, September 12.

Kenny Nguyen, a prominent crypto commentator with over 50k followers on X, commented:

“The REX-Osprey Spot XRP ETF is scheduled to launch on Friday, September 12, 2025, following the completion of the SEC’s 75-day review period with no objection raised. This is the 1st Spot XRP ETF to go live in the US tomorrow!”

XRP trended higher on the news but remained well below its July 18, 2025, all-time high of $3.66 (Binance).

ETF analysts downplayed the chances of a September 12 launch, capping XRP’s gains. Bloomberg Intelligence ETF Analyst James Seyffart stated:

“It seems more likely that the DOGE product and XRP products will be launching next week and not tomorrow.“

Seyffart also highlighted that the REX-Osprey XRP ETF differs from existing crypto ETFs, stating:

“They are slightly different from the spot Bitcoin & Ethereum products that most people know today. […] And they’re different from the Solana product (SSK) I talked about in the thread, which was structured as a C-corp. These will be structured as RICs (registered investment companies), so not identical to either SSK or the current BTC & ETH ETFs out there in the market.”

He further explained that they will not hold 100% spot but instead, a combination of spot, other ETFs, and potentially derivatives, if needed.

While the REX-Osprey ETF marks a milestone, paving the way for fully spot-backed XRP ETFs, one major issuer remains absent.

Will BlackRock File for an iShares XRP Trust?

BlackRock (BLK) has yet to submit an iShares XRP Trust application despite the looming October final deadlines for several spot ETF issuers.

On Thursday, September 11, 2025, the SEC delayed its decision on the Franklin Templeton XRP-spot ETF. The SEC’s pushback could keep BlackRock from filing, with the firm potentially waiting for a standardized SEC crypto ETF framework.

Pro-crypto lawyer Bill Morgan commented on the Franklin spot ETF delay, stating:

“The delay of the Franklin Templeton spot XRP ETF is a delay of only 20 days, and has people carrying on about delays and the SEC. It is a short delay. It suggests to me the SEC may be close to a final decision on this and other spot XRP ETFs.”

Morgan also suggested that BlackRock isn’t ready.

Seven XRP-spot ETFs face final deadlines ranging from October 18 to October 25. Analysts expect the SEC to approve the batch collectively, implying an October 18 launch date. It is plausible that BlackRock is waiting for the SEC’s framework to avoid amendment filings.

Crypto commentator Marty Party recently dismissed claims that BlackRock had no plans for an iShares XRP Trust, stating:

“Correction: After several conversations, this is verified as false. […] Both SOL and XRP ETFs are in discussion with BlackRock – timing cannot be confirmed – deadline is October to file.”

A standardized crypto ETF framework could allow BlackRock to file and launch an iShares XRP Trust within days, supporting the theory of an October listing. For context, BlackRock met with the SEC Crypto Task Force in May 2025 to discuss ETF approval standards.

Price Action & Technical Analysis: XRP Eyes $3.33

XRP rallied 1.97% on Thursday, September 11, following Wednesday’s 1.13% gain, closing at $3.0398. The token outperformed the broader market (1.49%) and held above the $3 level for the first time since August 26, 2025. Traders are watching the following technical levels:

• Support: $3, $2.8, and $2.5.
• Resistance: $3.335 and the all-time high at $3.66.

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

• Spot ETFs: Approval or delays of spot ETF filings would affect sentiment. A BlackRock iShares XRP Trust application would likely be a price catalyst.
• Institutional Adoption: Blue-chip companies could acquire XRP as a treasury reserve asset, potentially narrowing its supply.
• Regulatory milestones: Ripple’s US-chartered bank license application, Market Structure Bill-related news, and SWIFT developments may further influence sentiment.

Catalysts & Scenarios

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

Bearish Scenario

• SEC declines spot ETFs.
• Legislative setbacks, including Democratic Party resistance to the Market Structure Bill in the Senate, or delays to crypto-friendly regulations.
• Blue-chip companies dismiss XRP as a treasury reserve asset option.
• OCC delays 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 $3, with $2.8 and $2.5 the next key support levels.

Bullish Scenario

• BlackRock files for an iShares XRP Trust, and the SEC approves spot ETFs.
• Blue-chip companies purchase and hold XRP for treasuries, and more payment platforms adopt Ripple technology.
• Ripple secures a US-chartered bank license, and the Senate passes the Market Structure Bill, boosting Main Street adoption.
• SWIFT loses market share of global remittances to Ripple.

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

Conclusion: Is XRP Heading Toward a Perfect Storm?

XRP faces a pivotal juncture. Spot ETFs approvals and the Market Structure Bill’s progress could fuel institutional inflow and drive the token beyond $3.66. However, regulatory delays or setbacks in adoption could send XRP sliding toward $2.5.

For traders, the coming weeks will test whether XRP’s catalysts align into a perfect storm—or unravel into a missed opportunity.

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