XRP Price Today: Winning Streak Extends Ahead of Key ETF Milestone

XRP Extends Winning Streak as Spot ETF Launch Looms

XRP enjoyed its longest winning streak since July as speculation about a spot ETF launch intensified. The REX-Osprey XRP ETF is set to launch on September 18 after completing the SEC’s mandatory 75-day review period.

While no objections were raised, the planned September 12 launch was delayed due to administrative issues. There were no further details about the reasons for postponing the launch.

The REX-Osprey ETF has a hybrid investment strategy, targeting spot, other ETFs, and derivatives. Notably, the ETF will get the first taste of demand for XRP despite filing for approval well after Bitwise, Canary Funds, and several other ETF issuers.

While the REX-Osprey fund is a hybrid, its approval could pave the way for future pure spot ETFs.

What Could an XRP-Spot ETF Approval Mean for Traders?

The market reaction to Dogecoin’s (DOGE) ETF launch shows what might happen with XRP. Dogecoin rose 26% this week as investors reacted to the planned launch of the REX-Osprey DOGE ETF (DOJE). Notably, DOGE broke above $0.30 for the first time since January. By contrast, XRP has gained 8% this week.

The launch of an XRP ETF and the eventual launch of spot ETFs could drive the token to record highs. However, institutional demand will be crucial, given the influence of companies accumulating crypto as treasury reserve assets on price action.

CleanCore Solutions (ZONE) announced holding 500 million DOGE. The company also stated it would purchase another 500 million DOGE within 30 days. Notably, ZONE aims to become a leading digital asset treasury, stating:

“The Company’s long-term objective remains to secure up to 5% of the circulating supply of Dogecoin.”

Similar institutional demand for XRP as a treasury reserve asset, combined with a strong appetite for spot ETFs, could mark the beginning of a perfect storm.

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

XRP gained 0.41% on Saturday, September 13, after Friday’s 2.23% rally, closing at $3.1203. The token outperformed the broader market (0.05%) and held above the psychological $3 level for the third 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 spot ETFs would influence sentiment. A BlackRock (BLK) iShares XRP Trust filing could be a price catalyst.
• Institutional Adoption: Blue-chip companies announcing plans to purchase XRP as a treasury reserve asset.
• Regulatory milestones: Ripple’s US-chartered bank license application, Market Structure Bill-related updates, 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

• Legislative setbacks, such as Democratic Party criticism of the Market Structure Bill, or delays to crypto-friendly regulations.
• Blue-chip companies downplay interest in 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 push XRP below $3, with $2.8 and $2.5 as the next key support levels.

Bullish Scenario

• BlackRock applies for an iShares XRP Trust, and the SEC green-lights spot ETFs.
• Blue-chip companies acquire XRP as treasury reserve assets, and more payment platforms adopt 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 its record high of $3.66 (Binance).

Conclusion: Is XRP Set for a Breakout?

XRP is approaching a crucial juncture. XRP-spot ETF approvals and the Market Structure Bill could boost institutional demand, potentially driving XRP above $3.66. However, regulatory setbacks and slow institutional adoption may drag XRP toward $2.5.

For traders, the coming weeks could determine whether XRP’s catalysts fuel demand—or unravel investor optimism.

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