The XRP price has displayed consecutive bullish candles, pushing it to trade today at $3.12 after a series of pivotal developments fueled renewed investor interest in it.
Now, with a regulatory breakthrough this week by the US SEC that cleared the path for spot crypto ETFs, a fresh Fed rate cut of 0.25BPS, and the Wall Street debut of an XRP ETF, this crypto is showing some powerful upside momentum.
One of the most impactful drivers behind the current move green candles in price and global sentiment among investors in XRP price today is because of the SEC’s approval of new generic listing standards for crypto ETFs, verified by Eric Balchunas.
These new updated rules will now allow spot crypto ETFs to launch under the ’33 Act without lengthy case-by-case reviews, as long as the underlying asset also has futures listed on Coinbase exchange.
This decision potentially opens the door for around a dozen crypto assets including XRP to have a more direct route to ETF-based market access.
This has boosted market confidence, particularly as institutional players often prefer ETF structures for regulated exposure. The optimism surrounding this development has pushed XRP price from a descending triangle upper border breakout retest and now aimed toward the $3.40 target area on the XRP price chart in september.
Macro conditions have also played a supportive role,here. The U.S. Federal Reserve cut interest rates by 0.25 basis points today and hinted at the possibility of more cuts before year-end.
This macro shift has encouraged capital inflows into crypto markets, helping lift XRP price USD off consolidation levels.
Adding to the bullish wave, the REX-Osprey XRP ETF (XRPR) made its Wall Street debut today at $25.82. The launch has amplified sentiment around XRP crypto and further legitimized it in the eyes of traditional investors.
In parallel, broader market excitement is growing following remarks comparing XRP’s cross-border capabilities with legacy systems like SWIFT. The idea that XRP can move massive sums instantly and nearly fee-free even during off-hours has reignited discussions about its disruptive potential in global finance.
Technically, XRP price prediction models are showing bullish patterns forming. A clean bull flag breakout places the near-term target around $5, while a larger structure hints at the possibility of a long-term move toward the $15 range if momentum sustains.
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