The latest reports from major asset management funds have sparked new speculation about XRP price predictions. Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree filed their latest S-1 amendments for XRP ETF funds in the market on Friday, indicating ongoing dialogue with the SEC.

The wave of these reports shows that issuers are adjusting based on feedback from regulators, particularly regarding the creation and redemption structure, now including both XRP and cash options. Although the SEC has not yet approved, this adjustment is seen as a strong step forward.

XRP Price Prediction: Why Is This Important For XRP Price?

The approval of the ETF is not just a headline. It provides a regulatory doorway for medium-level financial capital to flow into XRP. By expanding the creation and redemption mechanisms, these reports make it easier to maintain the ETF price in line with XRP market price for market makers.

Such balance attracts liquidity and builds trust with medium-level financial capital distributors. While the absence of BlackRock helps manage expectations, the number of current applicants is large enough to form investment sentiment. In summary, the filed reports have shifted market mood to cautiously optimistic, and that optimism is clearly reflected on the charts.

XRP Price Prediction: Daily Chart Context

XRP/USD Daily Chart - TradingView

XRP is trading near 3.02 after recovering from around 2.90. The daily Heikin Ashi candles show that the upward momentum is trying to return positively. The Bollinger Bands are contracting, with the lower band at 2.85, the middle band at 3.09, and the upper band at 3.34. This narrowing range indicates that volatility is decreasing, often a precursor to a strong breakout. The recovery from 2.90 has prevented further downside momentum, but reclaiming the 20-day average around 3.09 is the immediate barrier that bulls must overcome to confirm strength.

Important Levels to Watch

Support is in the range of 2.90 to 2.85. If this area is broken, the downside target will extend to 2.70 and possibly 2.50. Resistance starts at 3.09 and strengthens at 3.34, which is also the upper range and a recent supply level. A stable push above 3.34 will open up to 3.50, then 3.85 to 4.05, where the July high created strong selling pressure. If the optimism of the XRP ETF fund provides momentum, the extended target will reach 4.35 to 4.50.

Short-Term Scenarios

The positive scenario depends on whether XRP ETF reports act as a stimulus for increased volatility. A close above 3.34 could trigger buying momentum, pushing XRP to 3.50 and possibly testing the range between 3.85 to 4.05 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 tradeable but range-bound scenarios. The negative scenario, less likely but still possible, includes a close below 2.85, pulling XRP back to 2.70, erasing optimism about the ETF and forcing a reset.

Larger Painting

The synchronization of XRP ETF reports is a truly positive signal, indicating that the market is increasingly approaching final approval. Meanwhile, the chart is at a pivot point: volatility is compressed, awaiting a stimulus factor. Whether XRP breaks above 3.85 and further or drops to 2.70 will depend on how traders assess the timing of regulatory action. Currently, the reports maintain a positive trend, and price action near $3 suggests the market is preparing for a decisive move.

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