The latest filings from major asset managers have reignited new speculation into XRP price predictions. Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree all submitted updated S-1 amendments for spot XRP ETFs on Friday, signaling an ongoing dialogue with the SEC.
This wave of filings shows that issuers are aligning with feedback from regulators, particularly regarding creation and redemption structures, which now include both XRP and cash options. Although the SEC has not yet approved, the timing of these amendments is seen as a strong step forward.
XRP Price Prediction: Why Is This Important for XRP's Price?
The approval of the ETF is not just a headline. It provides a managed gateway for institutional capital flows into XRP. By expanding the creation and redemption mechanism, these filings make it easier for market makers to keep the ETF price aligned with the spot XRP price.
Such alignment attracts liquidity and builds trust with institutional capital allocators. While the absence of BlackRock helps manage expectations, the number of current applicants is large enough to shape investor sentiment. In summary, the submitted filings have shifted sentiment to cautiously optimistic, and that optimism is clearly reflected on the chart.
XRP Price Prediction: Daily Chart Context
XRP is trading near 3.02 after recovering from the 2.90 range. Daily Heikin Ashi candles show momentum trying to turn positive again. The Bollinger Bands are tightening, with the lower band at 2.85, the middle band at 3.09, and the upper band at 3.34. This narrowing range signals that volatility is contracting, often a precursor to a strong breakout. The recovery from 2.90 has halted further downside momentum, but reclaiming the 20-day moving average around 3.09 is the immediate barrier the bulls must overcome to confirm strength.
Important Levels to Watch
Support lies in the 2.90 to 2.85 range. If this area is broken, the downside target will extend to 2.70 and potentially 2.50. Resistance starts at 3.09 and strengthens at 3.34, which is both the upper band and a recent supply level. A sustained push above 3.34 would open the door to 3.50, then 3.85 to 4.05, where July's highs created strong selling pressure. If the optimism of XRP ETF funds provides momentum, the extended target will reach 4.35 to 4.50.
Short-Term Scenarios
The bullish scenario depends on whether the XRP ETF filings act as a catalyst for increased volatility. A close above 3.34 could trigger momentum buying, pushing XRP to 3.50 and potentially testing the 3.85 to 4.05 range in the next 30 days. The neutral scenario would see XRP oscillating between 2.90 and 3.34 until the SEC provides clearer signals, creating tradable but range-bound scenarios. The bearish scenario, less likely but still possible, involves a close below 2.85, pulling XRP back to 2.70, erasing ETF optimism and forcing a reset.
The Bigger Picture
The synchronization of XRP ETF filings is a truly positive signal, indicating that the market is getting closer to final approval. Meanwhile, the chart is at a pivot point: volatility is compressed, waiting for a catalyst. Whether XRP breaks above 3.85 and beyond or drops to 2.70 will depend on how traders weigh the timing of regulatory action. Currently, the filings maintain a bullish trend, and the price action near $3 suggests the market is preparing for a decisive move.
