XRP Price Surges 3% as October SEC ETF Decisions Loom

On Sunday, September 7, 2025, XRP experienced a significant 3% price increase, positioning it as the second-best performer among the top 10 cryptocurrencies that day, trailing only Dogecoin's 4% gain. This upward movement is largely attributed to heightened speculation surrounding upcoming cryptocurrency exchange-traded fund (ETF) reviews, with the U.S. Securities and Exchange Commission (SEC) facing critical decision deadlines in October.

Analysts, such as AlphaTrades, have identified seven XRP ETF filings slated for review, with decisions anticipated between October 18 and October 25, 2025. These applications come from prominent asset managers including Grayscale, 21Shares, Bitwise, Canary Capital, WisdomTree, Franklin Templeton, and CoinShares.

The recent price rally occurred alongside a 10.3% decrease in 24-hour trading volume, suggesting the surge was primarily fueled by speculative demand rather than increased spot market activity. Derivatives data from Coinglass indicates a 17% rise in XRP futures trading volume and a 3% increase in open interest, correlating with the daily price appreciation.

As of September 8, 2025, XRP was trading at $2.88, reaching an intraday high of $2.91 and a low of $2.82. Technically, XRP appears to be consolidating around the $2.88 mark, with narrowing Bollinger Bands suggesting potential volatility compression. A bullish outlook anticipates XRP breaking through the $3.07 resistance level, targeting $3.20 and potentially $3.45 if ETF speculation intensifies. Conversely, a bearish sentiment, supported by reduced spot trading activity, could lead to a decline towards the $2.70 support level.

The SEC's forthcoming decisions on multiple XRP ETF applications are of paramount importance, holding the potential to significantly reshape XRP's market dynamics. Potential approval could mark a substantial step forward for XRP within mainstream financial circles. Investors are advised to closely monitor these developments, as the interplay between speculative trading and regulatory outcomes is poised to influence XRP's price trajectory.

The SEC's review of these applications is part of a broader trend, with the commission considering numerous crypto ETF applications, including those for Solana and other altcoins, with decisions for many altcoin ETFs also expected in October. This period represents a critical juncture for the broader digital asset market's integration into traditional finance, mirroring the impact seen with Bitcoin and Ethereum ETFs, which have attracted billions in institutional inflows. For instance, Bitcoin ETFs have drawn approximately $29.4 billion in inflows, while Ethereum ETFs have seen $9.4 billion, with BlackRock's IBIT alone holding around $58 billion in assets under management. The SEC's approval of in-kind creation and redemption mechanisms for crypto ETFs in August 2025 further aligns them with commodity fund norms, enhancing operational efficiency and investor protection.