XRP Price News: Token Holds $2.88 as ETF Hype Fuels Push Toward $3.00

XRP Rally Builds as ETF Hype Fuels High-Stakes Two-Month Outlook

Speculation about a potential shift in the SEC’s stance on crypto-spot ETFs triggered an XRP rally.

REX Shares announced the imminent launch of the REX-Osprey DOGE ETF, stating:

“The Rex-Osprey DOGE ETF, DOJE, is coming soon! DOJE will be the first ETF to deliver exposure to the performance of the iconic memecoin, DOGE.”

Notably, the REX-Osprey SOL ETF launched in July despite the SEC delaying the launches of the Grayscale Digital Large Cap Fund (DGLC) and the Bitwise 10 Crypto Index Fund (BITW). GDLC and BITW will provide investors with exposure to XRP alongside other cryptos.

Nate Geraci, president at NovaDius Wealth Management, commented on the REX Shares announcement, stating:

“First Dogecoin ETF appears likely to launch this week… Rex-Osprey DOGE ETF (DOJE). Get ready. Think we’re in for a wild next 2 months for crypto ETFs.”

Why does a DOGE-spot ETF launch matter to XRP traders?

The launch of the DOGE-spot ETF could suggest the SEC is closer to finalizing a standardized crypto ETF framework. The framework would likely green-light the approval of pending XRP-spot ETF applications.

XRP-spot ETF launches could give Main Street access to the token, with long-term institutional inflows crucial to XRP’s price trajectory.

Bitcoin (BTC) and Ethereum (ETH) have been the beneficiaries of spot ETF launches and robust demand from Main Street investors. BTC rose to an August all-time high of $123,731, while ETH struck a record high of $4,958 on spot ETF inflows.

By contrast, XRP fell back from its July all-time high of $3.66 (Binance) to a September 1 low of $2.6990 as investors reacted to the SEC postponing the launches of GDLC and BITW. XRP stumbled despite the resolution of the SEC vs. Ripple case. The conclusion was a crucial stepping stone to an XRP-spot ETF market.

Nate Geraci recently commented on the potential 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.”

Geraci made similar remarks ahead of the launch of BTC-spot and ETH-spot ETFs, which have seen net inflows of $54.47 billion and $12.74 billion, respectively.

Price Action & Technical Analysis

XRP rallied 2.4% on Sunday, September 7, reversing Saturday’s 0.14% loss to close at $2.8783. The token outperformed the broader market (1.15%), edging closer to 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 key price catalyst.
• Institutional Adoption: Blue-chip companies could purchase XRP as a treasury reserve asset, potentially delivering price stability.
• Regulatory milestones: Ripple’s application for a US-chartered bank license, legislative initiatives, including the Market Structure Bill, and SWIFT headlines could influence sentiment.

Catalysts & Scenarios

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

Bearish Scenario

• Legislative setbacks hinder the Market Structure Bill’s passage in the Senate or delay crypto-friendly regulations.
• Blue-chip companies may shy away from XRP adoption as a treasury reserve asset.
• OCC pushes back or rejects Ripple’s US-chartered bank license.
• SWIFT retains dominance in global remittances, curbing Ripple’s market access.

These bearish scenarios could push XRP below $2.7, potentially exposing the $2.5 level.

Bullish Scenario

• BlackRock applies for an iShares XRP Trust, and the SEC green-lights XRP-spot ETFs, opening mainstream investment channels.
• Blue-chip companies could acquire 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, providing much-needed regulatory clarity.
• SWIFT loses market share of global remittances to Ripple.

These catalysts could send XRP above its $3.66 (Binance) record high.

Conclusion

The Market Structure Bill’s progress in the Senate and the SEC approving XRP-spot ETFs are key price catalysts.

In the meantime, news from Capitol Hill and spot ETF-related developments would likely influence sentiment. The SEC’s standardized crypto ETF framework, or bipartisan support for the revised draft Market Structure Bill, could fuel a breakout above the crucial $3 level. However, setbacks or delays risk dragging XRP back toward key support levels.

For traders, the next two months may dictate whether XRP hits fresh highs—or stumbles under the weight of regulatory uncertainty.

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