XRP price today is back in the spotlight as the highly anticipated Rex-Osprey Spot XRP ETF officially launches on September 12, marking a historic milestone for Ripple XRP and the broader crypto market.
This development has sparked renewed optimism among traders, with technical indicators signaling the potential for a major bullish breakout toward the $4 level.
Rex-Osprey Launches the First U.S. Spot XRP ETF
The Rex-Osprey Spot XRP ETF officially went live today after receiving approval from the U.S. Securities and Exchange Commission (SEC). The regulator completed its 75-day review period without objections, giving the green light to the first-ever spot XRP ETF in the United States.
Rex-Osprey’s spot XRP ETF is scheduled to launch today, marking the first of its kind in the United States. Source: Whale Insider via X
This ETF allows investors to gain direct exposure to XRP through traditional brokerage accounts, lowering the barrier to entry for both retail and institutional players. It follows the same framework as the Investment Company Act of 1940, differentiating it from other pending applications filed under Act 33.
Unlike some competing funds still awaiting approval, the Rex-Osprey ETF is structured through a wholly owned Cayman Islands company and carries a 0.75% expense ratio—higher than typical ETFs but similar to Rex-Osprey’s SOL + Staking ETF, which already manages more than $240 million in assets.
Growing Institutional Interest in XRP
Market watchers believe the launch could act as a catalyst for XRP price gains. The ETF places Ripple XRP alongside Bitcoin and Ethereum in the regulated ETF market, where demand has historically driven inflows worth billions of dollars.
Polymarket data indicates a 93% probability of an XRP ETF being approved by the end of 2025. Source: @RuleXRP via X
Data from SoSoValue shows that spot Bitcoin and Ethereum ETFs currently hold between 5% and 7% of their respective market capitalizations. If XRP achieves similar adoption, analysts project that spot XRP ETFs could attract over $9 billion in assets within the first year.
Polymarket data further reveals that the odds of additional spot XRP ETF approvals this year have climbed to 92%, with major issuers like Franklin Templeton, Bitwise, and Invesco waiting in line. More approvals could add momentum and potentially drive the price of XRP closer to its next resistance targets.
XRP Price Technical Outlook
From a technical standpoint, XRP current price has been consolidating near $3 after staging a strong recovery from the $2.70 support zone. The daily chart highlights a double-bottom formation with a neckline at $3.38, suggesting a potential continuation of the uptrend.
XRPUSD is set to resume its bullish wave cycle, with wave 5 targeting $3.89–$4.26 if price holds above the recent low. Source: AlienOvichO on TradingView
More importantly, XRP has broken out of a falling wedge pattern—often a bullish signal—while holding above the 100-day exponential moving average. Momentum indicators also favor the bulls, with the Relative Strength Index trending above the neutral 50 level and the Percentage Price Oscillator lines crossing to the upside.
If buyers maintain control, XRP price prediction today points toward a move past $3.38, opening the door to $4 and potentially overshooting to the $4.30 area in the coming weeks. However, failure to hold above $3 could trigger a short-term pullback to the $2.85–$2.90 support range before another attempt at higher levels.
Outlook: Can XRP Break $4?
The combination of a historic ETF launch, rising institutional interest, and a technically bullish setup makes the coming weeks pivotal for Ripple XRP. With momentum building, the focus now turns to whether XRP can break $4 and retest levels last seen near its all-time high price zone.
XRP was trading at around $3.03, up 1.14% in the last 24 hours at press time. Source: XRP price via Brave New Coin
As always, traders should watch for volatility around major resistance points, as ETF-driven rallies often see profit-taking before establishing a new trend. Still, sentiment in the market appears optimistic, with analysts eyeing XRP price targets well beyond $4 if broader ETF approvals continue into October.
