The cryptocurrency landscape is buzzing with significant developments as Ripple’s XRP secures attention from investors and enthusiasts alike. Notable among these advancements is the imminent launch of the first spot XRP exchange-traded fund (ETF) in the United States, set to debut on September 18. This innovative financial product, issued by REX-Osprey, will allow investors to engage with XRP through a diversified vehicle that, in addition to holding the token, includes cash, Treasuries, and derivatives. Journalist Eleanor Terrett has characterized the product as a “spot ETF with extras,” which could provide a fresh avenue for market participation.
In contrast, the rollout of other XRP ETFs has met challenges, as indicated by the recent decision from the U.S. Securities and Exchange Commission (SEC) to extend the review period for Franklin Templeton’s ETF filing by an additional 60 days. The new decision deadline now stands at November 14, 2025.
Additionally, Ripple has made headlines with its substantial philanthropic commitment. On September 15, the company announced a $25 million investment in the Accion Opportunity Fund and Hire Heroes USA. This funding, delivered in RLUSD, Ripple’s USD-pegged stablecoin launched late in 2024, aims to enhance access to capital for small business owners and provide career opportunities for veterans and military spouses. Ripple’s CEO, Brad Garlinghouse, emphasized the importance of supporting these groups, noting that small businesses and veterans are essential for American economic progress but often face hurdles limiting their potential.
The recent philanthropic move represents Ripple’s second donation of $25 million within the same year, reinforcing its dedication to fostering economic opportunities across the country. Currently, RLUSD boasts a market capitalization of approximately $730 million, reflecting its rapid growth and adoption.
Meanwhile, the price of XRP has shown promising signs, rebounding to $3.04, likely spurred by anticipation surrounding the ETF launch. Observers in the market speculate on the potential for a bullish breakout if XRP can surpass the resistance level at $3.1320. However, there are cautionary notes regarding a critical support level at $2.80, which could dictate the asset’s near-term performance.
Market data reveals an uptick in XRP holdings on major cryptocurrency exchanges, with over 3.6 billion tokens stored on Binance alone, marking a historic high for the platform. This surge may indicate increased selling pressure, prompting traders to keep a close eye on market movements as the September 18 ETF launch approaches. The combination of these factors outlines a dynamic and evolving landscape for Ripple and its native token, XRP.
