Ripple’s XRP (XRP-USD) is regaining strong bullish momentum as investors position for one of the most anticipated regulatory decisions in crypto history. The token trades at $2.37, up 4.2% in the past 24 hours, bouncing from a low of $2.19 amid a surge in trading volume that reached 246.7 million, nearly triple its 24-hour average. The rebound comes as the U.S. Securities and Exchange Commission reviews multiple XRP ETF filings, including proposals from Grayscale and Volatility Shares, which could redefine the asset’s institutional accessibility.
The SEC’s decision window, set through October 25, could mark a turning point for Ripple. Volatility Shares has submitted filings for 3× and 5× leveraged ETFs based on XRP, a bold step considering no leveraged crypto ETF has ever received approval. These filings include exposure through futures, swaps, and options, potentially allowing investors to magnify XRP’s daily performance when trading begins — possibly as early as December 29, 2025. Analysts such as Eric Balchunas have called the move “unprecedented,” emphasizing that Wall Street is willing to test the boundaries of crypto’s regulatory landscape.
At the same time, Ripple Labs is working to tighten XRP’s supply. The company announced plans to raise up to $1 billion to repurchase XRP from the market for its corporate treasury, a strategy designed to reduce circulating supply and stabilize liquidity ahead of institutional demand. This initiative follows Ripple’s $1 billion acquisition of GTreasury, an entry into the $120 trillion global treasury management market. The deal integrates traditional financial infrastructure with Ripple’s on-chain liquidity tools, strengthening its case as a bridge between legacy finance and blockchain-based payments.
On-chain data supports the accumulation narrative. The Net Unrealized Profit/Loss (NUPL) ratio for short-term holders fell to –0.20, its lowest reading in over a year, showing that most traders are currently at a loss — historically a setup for strong recoveries. Similar levels last occurred before rallies of +20% and +74% in prior cycles. Long-term holder NUPL also dropped to 0.53, indicating that even veteran holders are near breakeven, often a sign of exhaustion before new inflows begin. These signals, combined with a hidden bullish divergence on the Relative Strength Index (RSI) and the alignment of 20-, 50-, and 100-day moving averages, suggest the correction phase may be nearing completion.
Technically, $2.20 remains the critical support zone. Holding this level keeps XRP within a constructive structure that could trigger a breakout if the price closes above $2.44 and confirms over $2.59. That would open the door to $2.82 and $3.10, with extended projections toward $5.00 if ETF approvals coincide with Ripple’s treasury absorption. Trading volume spikes and rising open interest confirm institutional participation, while volatility compression below 20% — a pattern seen before every major XRP rally — hints at an approaching expansion phase.
The macro backdrop could add fuel. Futures markets price a 65% chance of a Federal Reserve rate cut at the October 29 meeting, a move that typically boosts liquidity and risk appetite across assets. In parallel, XRP-linked ETFs such as REX Osprey XRP ETF (XRPR) and XRP ETF (NASDAQ: XRPI) have begun showing signs of speculative accumulation. XRPI last traded at $13.73, recovering to $13.81 after hours, while XRPR closed at $18.98, still far below their 52-week highs of $23.53 and $21.10. These discounted levels suggest ample room for recovery should ETF approvals arrive alongside easier monetary policy.
Ripple’s broader corporate strategy is also reshaping its identity. With GTreasury integration, Ripple now sits at the crossroads of fintech and traditional corporate finance, connecting institutional treasuries managing trillions in daily settlements to blockchain infrastructure. This expansion beyond payments into enterprise liquidity services strengthens XRP’s fundamental utility — a key distinction as regulators and investors evaluate its long-term role in the financial system.
The convergence of catalysts — ETF anticipation, corporate buybacks, macro easing, and technical exhaustion — places XRP at a defining moment. Sustained defense of the $2.20 level and a confirmed breakout above $2.40–$2.60 could establish a new leg higher toward $3.40 and potentially $5.00 over the next market cycle. Failure to maintain support could delay the move, with downside risk toward $2.08 or $1.77, but risk-reward dynamics remain heavily skewed in favor of accumulation.
At current prices near $2.37, XRP represents one of the most asymmetric setups in digital assets. Institutional momentum, ETF filings, and Ripple’s evolving corporate strategy provide the foundation for renewed valuation expansion. Verdict: Buy (Bullish Bias). Ripple’s XRP (XRP-USD) appears positioned for revaluation as ETF catalysts, treasury consolidation, and enterprise integration converge, setting the stage for a potential rally that could redefine its long-term market structure.
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