The XRP price jumps like Bloomberg says that XRP ETF approval

The XRP price jumped 2.5% in the last 24 hours to negotiate $ 2.88 to 3.50 AM on a 24% increase in the negotiation volume to $ 5.53 billion.

This occurs while the Bloomberg ETF analyst Eric Balchunas says that the approval of the Crypto Spot ETF, including an XRP ETF, is now practically guaranteed.

He explained that the new “generic registration standards” have made traditional deposits 19B-4 unnecessary, leaving only the final authorization of the DIAL finance division.

Honestly, the chances are really 100% now. Generic registration standards make 19B-4 and their “clock” without meaning. This just leaves the S-1 while waiting for the formal green light of corp finance. And they have just submitted amendment n ° 4 for Solana. The baby could come to any day. Be ready.

– Eric Balchunas (@ericbalchunas) September 29, 2025

The issuers, including the funds linked to Solana, are already updating their S-1 deposits, indicating that the process is close to completion. While colleague James Seyffart noted that a potential closure of the United States government could affect the calendar, he agreed that structural changes make approval very likely.

The SEC even asked the issuers to withdraw their 19B-4 deposits and the retracted delay notices for XRP, Solana and other ETF Crypto, indicating that Momentum is firmly on the side of approval.

The attention now turns around October, when the SEC should examine six ETF XRP applications, starting with gray levels on October 18 and ending with Wisdomtree on October 24.

The chances of approval of the polymarkets are already greater than 99%, suggesting that approval is now a question of “when” rather than “if”.

Analysts are increasingly optimistic, with Egrag Crypto projecting a possible increase in XRP to $ 33 in its next cycle, supported by XRPL upgrades and reports of an XRP institutional purchase of $ 48 million.

With approvals ETF approaching, October promises to be a pivotal month for XRP.

XRP shows bullish reversal signs because the target price $ 4

XRP displays the first signs of a bullish reversal after keeping firm in its support zone. The token is currently negotiating around $ 2.85, slightly down during the day, but the graph suggests that buyers start taking control again.

In recent weeks, XRP has been stuck between resistance nearly $ 3.00 and a support of around $ 2.60 to $ 2.70. Earlier in September, the token attempted an escape but failed, leading to a step back. Despite this, the support zone kept strong, which has stopped new losses. This has now created a base for a possible ascending movement.

The graph also shows a drop in trend that has lowers prices since August. XRP is testing this trend again, and if buyers grow above, the market could confirm a bullish reversal. The next rise in the upward target is about $ 4.00, a level that traders are looking at closely.

The relative resistance index (RSI), which measures the momentum, is currently close to 46. This means that XRP is neither overbounded nor occurring, which gives it a lot of space to climb if the request increases. Analysts say that recovery from the $ 3.00 bar will be an important signal for more earnings.

Xrpusdt Source analysis: tradingView

The feeling of the market for XRP also improves thanks to optimism concerning FNB Crypto Spot in the United States. But risks remain.

If XRP does not remain above the support of $ 2.60 to $ 2.70, the upward prospects could weaken and the price could further drop. For the moment, however, the level of support has gone well, and the market seems to bend in favor of buyers.

For the future, the action of XRP prices in the coming weeks will be the key. An escape confirmed above $ 3.00 could arouse strong dynamics around $ 4.00, especially if ETF approvals bring new capital to the cryptography market. If the bulls succeed, XRP could enter the last quarter of 2025 on a positive note.

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