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Ripple’s XRP Seeks a Breakout with ETF Launch Hype

Ripple’s XRP token is set to have an exchange-traded launched soon, which could add speculative investment flows.

XRPUSD – Daily Chart

XRPUSD – Daily Chart

XRPUSD has been testing the downtrend around $3.023 and may be ready for a push higher. A failed breakout could swing back toward the $2.721 support level.

As a Securities and Exchange Commission review window expires, the crypto exchange-traded funds (ETFs) introduced by REX and Osprey can begin trading on September 12. Those were ETFs for both Dogecoin and XRP, which could see new investment flows to both coins.

However, the ETF market appears to be getting crowded, as Bloomberg analyst James Seyffart shared that 92 filings or applications for crypto ETFs are awaiting approval to be launched in the U.S.

The ETFs for Doge and XRP are not spot market applications but late October 2025 will be the deadline for spot XRP ETF applications. After months of extensions, it is unlikely to be postponed again, with Bitwise, Grayscale, and 21Shares awaiting a response. The three firms were part of the initial Bitcoin ETF launch in 2024.

Also in October, the Office of the Comptroller of the Currency (OCC) is due to rule on Ripple’s national banking charter within its 120-day review window. Approval would allow Ripple to operate as a federally regulated trust bank.

A national banking charter could be transformational for Ripple, placing it alongside major U.S. financial institutions and also giving regulatory clarity that could unlock large-scale adoption. The break above the recent downtrend will then face a crunch month in October.

Something to consider is that XRP has seen a large increase in exchange reserves. Data shows that in only one day, more than 1.2 billion XRP tokens were moved into exchange wallets. Binance accounted for around 610 million XRP of this inflow, and moving coins to the exchange can also be a precursor to selling. Maybe some investors have inside information on the banking charter move.

The next weeks could see some volatility in Ripple’s XRP as these regulatory issues are clarified.

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