XRP saw strong momentum following the initial approval of the REX-Osprey ETF, while a key SEC decision on several spot funds is awaited in October.
Amid Bitcoin's fluctuating performance and the growing hype surrounding crypto-linked exchange-traded funds (ETFs), XRP is keeping everyone on tenterhooks. Ripple's cryptocurrency recently surpassed $3,15 after starting trading on the REX-Osprey XRP ETF, an investment fund operated by REX-Osprey on the Cboe BZX Exchange, under the symbol XRPR, which was launched on September 18, generating great expectations.
However, after the listing of this new fund, which It is not a “pure” spot product in its entirety, the price of XRP suffered a drop.
At the time of writing this article, the price of XRP is hovering around $2,74 per unit, with a 7% correction in the last week. Meanwhile, its trading volume has dropped 38% since Friday, reaching nearly $6.000 billion in the last few hours. These movements occur while Bitcoin is going through a period of volatility, initially trading near $108.000 before recovering to over $110.000 this week.
Market expectations for XRP are set for October
The recent correction in XRP's price is not due to specific factors, according to industry experts. Rather, the current volatility can be attributed, to some extent, to profit-taking by investors and holders following the agreement reached between Ripple Labs and the United States Securities and Exchange Commission (SEC), along with the current uncertainties in the global macroeconomic landscape, which are impacting the entire crypto market. However, despite the drop, the market is preparing for a decisive week which could redefine the trajectory of cryptocurrency.
From October 18th to 25th The SEC is expected to issue its verdict on spot ETF applications filed by major institutions such as Bitwise, Grayscale, Canary Capital, CoinShares, WisdomTree and Franklin Templeton. According to calendar Of the filings, the SEC is expected to announce its decision for Grayscale Investiments on the 18th, for 21Shares on the 19th, for Bitwise on the 20th, for Canary Capital on the 23rd, for WisdomTree and Franklin Templeton on the 24th and 25th respectively, and on the 25th a decision on CoinShares is expected.
This set of rulings makes October a key month for XRP, where it could significantly boost demand and valuation of cryptocurrency, given the growing interest in regulated financial instruments that offer direct exposure to crypto assets without the need to physically own them.
Nate Geraci, president of The ETF Store, has pointed out the significance of these previous weeks and the recent regulatory approvals. On his X account, published:
“The last two weeks have seen: the first ETF offering with spot exposure to XRP, the first with spot exposure to Dogecoin, the approval of generic ETF listing rules, the first cryptocurrency index-based ETFs, the first ETH staking ETF, and the first application for an ETF linked to a hot cryptocurrency. Plus, Vanguard capitulates on crypto spot ETFs. Get ready for October.”
Overall, the consensus among experts maintains an optimistic outlook on the likelihood of the SEC greenlighting these proposals, which could trigger a bullish phase for XRP, with expectations of breaking through key levels between $4 and $5 following formal approval.
Ripple leads as a strategic player in the global remittance market
Beyond the speculation surrounding XRP spot ETFs, Ripple continues to consolidate its role in the international financial ecosystem, particularly in the remittance sector. The company has expanded its presence to over 100 countries and has forged partnerships with multiple renowned financial institutions, including DBS, an Asian banking giant, and BBVA, a major player in Europe and Latin America.
This operational growth not only brings robustness to XRP, but also supports long-term confidence in the cryptocurrency, evidencing a tangible and growing use in cross-border transactionsThus, Ripple positions itself as a bridge between traditional financial systems and digital assets, with a direct impact on the adoption and stability of the digital asset.
The advancements in international payment infrastructure adopted by Ripple expand XRP's real-world utility, differentiating it from cryptocurrencies that remain more focused on speculation or decentralized applications without clear ties to the mainstream financial world. This strategic link is considered by analysts to be a factor that can sustain XRP's value and relevance even during periods of high market volatility.
XRP waiting for the big opportunity
The recent volatility in XRP's price and trading activity reflects a market waiting for regulatory decisions and institutional developments that could consolidate the cryptocurrency's integration into regulated financial products, particularly spot ETFs. The upcoming resolution of the SEC will be an important turning point, not only because of the signal it will send to investors, but also because of the possible massive opening of investment flows towards XRP in more accessible and secure formats.
Source: CoinGecko
The operational launch of the Rex-Osprey ETF, which is regulated under the Investment Company Act of 1940 ('40 Act), and the expectation of further approvals demonstrate steady progress in the normalization and acceptance of cryptocurrency. At the same time, Ripple's strategy, focused on remittances and collaborations with major banks, provides an operational foundation that reinforces the positive medium- and long-term outlook.
Analysts and market participants are closely monitoring these movements, anticipating that the combination of regulatory support and functional adoption could lead XRP to reach new highs in the coming months, with projections suggesting levels above $4 and $5. In this context, XRP's performance is one of the most significant and closely monitored episodes in the crypto space during this period.
