TLDR
- Bloomberg analysts assign 95% odds for an XRP ETF approval, with SEC decision expected in October
- XRP price reached $3.04, its highest level in nearly two weeks
- XRP futures demand climbed 5% to 2.69 billion XRP ($7.91 billion)
- Ripple partners with BBVA to expand crypto adoption and digital asset services in Spain
- XRP underperformed compared to the broader altcoin market, staying flat while others advanced 14%
XRP has broken above the $3.00 mark, reaching $3.04 before facing rejection on Tuesday. This represents its highest level in nearly two weeks, continuing a trend of three consecutive days of gains.
The upward movement comes as the cryptocurrency shows signs of a potential momentum shift, with the price currently hovering around $2.96 according to the latest data.
Market interest in XRP appears to be growing, with trading volume increasing to $6.78 billion across major exchanges. This elevated activity suggests heightened interest as XRP’s market value approaches $180 billion.
The price surge coincides with growing speculation around a potential XRP exchange-traded fund (ETF) approval in the United States. Bloomberg analysts have assigned 95% odds for an XRP ETF approval, with a Securities and Exchange Commission (SEC) decision expected in October.
Demand for XRP futures has climbed 5% from the previous month, totaling 2.69 billion XRP. This represents approximately $7.91 billion at current prices, indicating increased interest in the derivative markets.
More notably, the number of outstanding XRP futures contracts listed at the Chicago Mercantile Exchange (CME) jumped 74% during the same 30-day period. These contracts now represent 386 million XRP, highlighting stronger participation from professional fund managers and market makers.
Technical Analysis and Price Targets
The recent price movement suggests XRP has successfully broken out from a multi-month symmetrical triangle pattern. The cryptocurrency had been trading between higher and lower lows before pushing past the major $3.00 resistance level.
Technical indicators support this bullish outlook. The Relative Strength Index (RSI) sits at 54.78, indicating neutral conditions with room for additional upside. An RSI value above 50 generally signals rising bullish momentum, and XRP has not yet reached overbought territory.
The Moving Average Convergence Divergence (MACD) provides further evidence of the bullish trend. Currently at 0.01816 above the signal line of -0.02979, this bullish crossover suggests increasing momentum as the histogram expands into positive territory.
Immediate resistance levels sit between $3.30 and $3.50, zones where XRP has struggled previously. If the cryptocurrency maintains its position above $3.00 and continues its upward trajectory, the next target appears to be approximately $3.50.
Some analysts are even more optimistic, with predictions suggesting potential gains in the $8-$10 range if current momentum continues. The all-time high of $3.84 may serve as a psychological resistance zone, making the $3.50-$4.00 range crucial for XRP’s price movement in the coming days.
Ripple’s Strategic Expansion
The price increase coincides with significant business developments for Ripple, the company behind XRP. Ripple has expanded its partnership with BBVA, one of Spain’s largest banks, to provide digital asset custody technology.
This partnership will enable BBVA to offer secure and compliant digital asset custody services, including for Bitcoin and Ethereum. Francisco Maroto, BBVA’s head of digital assets, emphasized that Ripple’s custody solution allows the bank to provide end-to-end services with the security and operational standards expected from a major financial institution.
The collaboration extends Ripple’s existing partnerships with BBVA in Switzerland and Turkey, further strengthening the company’s presence in the European market. This strategic expansion may contribute to XRP’s bullish outlook as Ripple continues to build relationships with established financial institutions.
Despite these positive developments, it’s worth noting that XRP has underperformed compared to the broader altcoin market. While the total altcoin market capitalization advanced 14% since August, XRP has remained relatively flat during the same period.
This underperformance occurred despite notable gains in other cryptocurrencies, including 32% for Hyperliquid (HYPE), 28% for Solana (SOL), 19% for Cardano (ADA), and 18% for Ethereum (ETH).
XRP’s most substantial movement in August followed the settlement of a years-long dispute between Ripple and the SEC, suggesting that regulatory developments continue to be a key driver of XRP price action.
🚨#XRP just broke out from the triangle. $8 – $10 is closer than we think! pic.twitter.com/vmpz2Q6k7x
— JackTheRippler ©️ (@RippleXrpie) September 9, 2025
Monthly XRP futures currently trade at a 7% premium, indicating that leverage demand remains balanced. This pattern has been consistent over the past month and suggests that while interest is growing, extreme bullish or bearish sentiment has not yet materialized.
The XRP Ledger’s stablecoin RLUSD has crossed the $700 million mark in assets, though nearly 90% of the supply was issued on the Ethereum network rather than the native XRPL.
The cryptocurrency’s potential to revisit or exceed its all-time high depends heavily on continued adoption of the XRP Ledger for use cases such as international payments and asset tokenization. Current data shows XRPL accounts for only 2% of outstanding Real World Assets, trailing behind smaller blockchains including Avalanche, Stellar, and Aptos.
