The highly anticipated Rex-Osprey spot XRP ETF is set to launch on September 18, 2025, following a brief delay by the U.S. Securities and Exchange Commission (SEC), which postponed the original launch by six days. This marks a significant milestone, as it will be the first XRP-linked exchange-traded fund to trade in the United States under the Investment Company Act of 1940.
Distinct from futures-based products, the Rex-Osprey ETF aims to provide investors with regulated exposure to XRP via traditional brokerage channels. However, its hybrid structure means that the fund will not directly hold XRP. Instead, it will depend on third-party custodians to manage XRP or related financial instruments on its behalf.
As for XRP’s market performance, the cryptocurrency is currently trading at $3.10, maintaining stability alongside Bitcoin and various altcoins. Analysts suggest that a daily close above $3.40 could set the stage for a bullish breakout, with $4.50 standing out as a notable resistance level.
Currently, XRP’s price chart exhibits a descending triangle pattern, a configuration that has historically shown a 54% tendency to break down, indicating potential weakness. However, given that XRP is in an uptrend, the triangle might function as a continuation pattern, thereby increasing the likelihood of a bullish breakout.
Short-term price targets for XRP are set at $3.60 for a conservative breakout and $3.81 for an extended move, both of which are considered achievable within a 30 to 60-day timeframe, especially with significant events approaching in September.
Looking forward to October, the market anticipates even larger catalysts, as major asset managers such as Franklin Templeton and WisdomTree are expected to receive approvals for their own spot XRP ETFs. These firms, which oversee trillions of dollars in assets globally, are poised to introduce products that could bring XRP to an expanded base of institutional investors compared to the Rex-Osprey hybrid ETF.
Additionally, the Federal Reserve’s meeting on September 17 is expected to spark market volatility, with a possible rate cut that could affect risk assets across the board. Analysts caution that this might result in sharp market movements, yet it could also facilitate bullish momentum in the days following the Fed’s announcement.
With the Rex-Osprey ETF launch occurring just a day after the Fed’s meeting, it is seen as a confidence booster for XRP, even if the initial inflows may not be as substantial as those anticipated from the upcoming institutional offerings.
The distinction of the Rex-Osprey ETF as a hybrid product is significant. True spot ETFs, projected to be introduced soon by firms like Grayscale, Bitwise, 21Shares, and Franklin Templeton, are required to hold the underlying XRP directly. This direct relationship creates a clearer connection between investor demand and XRP’s market price. In contrast, the Rex-Osprey’s reliance on third-party arrangements introduces a layer of uncertainty about whether inflows will effectively translate into substantial XRP purchases, potentially limiting its impact on the cryptocurrency’s market performance.
