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The Securities and Exchange Commission (SEC) is set to decide on multiple spot XRP ETF applications in October, with key deadlines falling in the weeks of October 13 and October 20. Analysts say approval could propel XRP into the same league as Bitcoin and Ethereum, unlocking billions in potential institutional inflows over time.
While Ethereum’s 2024 ETF debut showed that market reactions can be gradual, the long-term demand impact of regulated funds is undeniable. Institutional partners would need to buy XRP directly to back ETF shares, introducing a steady pipeline of demand that could slowly chip away at the circulating supply.
Meanwhile, Bloomberg analysts peg the odds of approval at 90–95%, raising optimism that XRP could soon gain mainstream financial traction.
Fed policy and whale activity
Some macro conditions are also shaping XRP’s momentum. Federal Reserve futures now price in a 99% chance of a 25-bps rate cut at the September 17 meeting. A weaker dollar typically boosts digital assets, and traders are treating XRP as part of this broader dollar-hedge play.
 
Meanwhile, whales appear to be strengthening the bullish case. On-chain data shows record accumulation, with large holders reportedly adding hundreds of millions of XRP.
This has helped price support hold firm above $2.88, even as repeated attempts to break the $2.99–$3.00 resistance zone fell short.
Analysts suggest a confirmed close above $3.05 could open the door to a $3.30–$3.50 range.
In the near term, XRP’s price will likely remain a tug-of-war between ETF headlines, whale-driven liquidity, and macroeconomic winds. But for investors watching October closely, the stage is set for a defining chapter in XRP’s journey.