$XRP is approaching a key period, with the first round of SEC decisions on spot ETF applications beginning in mid-October. The price, currently at $2.90, is being supported by significant institutional inflows into XRP-focused funds, which saw over $93 million last week despite outflows from the broader crypto ETF market.


Six XRP spot ETF applications are under review, with the first decision for Grayscale's filing due October 18. Analysts suggest approval odds for spot crypto ETFs are now very high. An approval could rapidly accelerate institutional demand for XRP.


Technically, XRP is trading within a rising wedge pattern, facing immediate resistance in the $3.20–$3.50 zone. A breakout could target $5, with some analysts projecting a medium-term range of $20–$30 if ETF-driven demand is sustained. Key support rests near $2.20, with a break below potentially leading to a test of lower levels. Momentum indicators suggest a neutral to slightly bullish near-term bias.

#Polkadot #SEC

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September 30, 2025 at 11:04 AM
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