XRP is experiencing a surge in interest as the highly anticipated Rex-Osprey Spot XRP ETF officially launched on September 12, heralding a new era for Ripple XRP and the cryptocurrency landscape. This groundbreaking development has reignited optimism among traders, with technical indicators suggesting the potential for a significant bullish breakout aimed at the $4 mark.
The Rex-Osprey Spot XRP ETF has become a historical milestone as it marks the first of its kind in the United States, receiving the green light from the U.S. Securities and Exchange Commission (SEC) after a thorough 75-day review period that concluded without objections. This approved ETF offers investors direct exposure to XRP through conventional brokerage accounts, effectively lowering the entry barriers for both retail and institutional participants. The new fund adheres to the Investment Company Act of 1940 framework, distinguishing itself from competing applications filed under Act 33 that are still awaiting approval.
In terms of structure, the Rex-Osprey ETF operates through a wholly owned Cayman Islands company and comes with a 0.75% expense ratio. While this may be slightly higher than the average for traditional ETFs, it aligns closely with Rex-Osprey’s existing SOL + Staking ETF, which has already amassed over $240 million in assets.
Market analysts are optimistic that the ETF’s launch could act as a catalyst for XRP price appreciation. By placing Ripple XRP alongside Bitcoin and Ethereum within the regulated ETF marketplace, the demand for XRP could mirror the historical inflows that these cryptocurrencies have experienced, potentially worth billions of dollars.
Recent data from Polymarket indicates a 93% probability of an XRP ETF being approved by the end of 2025. In addition, research by SoSoValue reveals that spot Bitcoin and Ethereum ETFs currently hold between 5% and 7% of their respective market capitalizations. Should XRP achieve a similar adoption rate, projections suggest that spot XRP ETFs could attract upwards of $9 billion in assets within the first year. Moreover, Polymarket data shows that the likelihood of further spot XRP ETF approvals this year has surged to 92%, with major financial entities like Franklin Templeton, Bitwise, and Invesco poised to enter the fray.
From a technical perspective, XRP has recently been consolidating around the $3 mark after bouncing back from a $2.70 support zone. The daily chart illustrates a double-bottom formation with a neckline at $3.38, indicating a potential continuation of the bullish trend. Current analysis suggests that XRP is entering a bullish wave cycle, targeting the $3.89 to $4.26 range if it maintains pricing above recent lows.
Crucially, XRP has broken free from a falling wedge pattern—often considered a bullish indicator—while also remaining above the 100-day exponential moving average. Additional momentum indicators, such as the Relative Strength Index (RSI), have shown a favorable trend above the neutral 50 mark, further supporting the bullish outlook. If buying pressure persists, XRP could break through the $3.38 resistance level, paving the way for an approach toward the $4 mark, with possibilities of overshooting to the $4.30 zone in the weeks ahead. However, failing to hold above the $3 level could lead to a short-term pullback to the $2.85 to $2.90 support range before another upward attempt.
The combination of this historic ETF launch, increasing institutional interest, and a technically bullish scenario creates a critical juncture for Ripple XRP in the near future. Anticipation is mounting around whether XRP can overcome the $4 barrier and revisit levels closer to its all-time highs.
As of now, XRP is trading around $3.03, reflecting a 1.14% increase over the last 24 hours. Traders are advised to remain vigilant for volatility surrounding major resistance levels, as rallies spurred by ETF launches often attract profit-taking before establishing new trends. Nevertheless, market sentiment appears largely optimistic, with analysts setting their sights on XRP price targets that soar well past the $4 mark, particularly if additional ETF approvals emerge in the coming month.
