XRP Price Jumps As Bloomberg Says XRP ETF Approval Certain

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The XRP price has jumped 2.5% in the last 24 hours to trade at $2.88 as of 3.50 a.m. EST on a 24% surge in trading volume to $5.53 billion.

This comes as Bloomberg ETF analyst Eric Balchunas says the approval of spot crypto ETFs, including an XRP ETF, is now virtually guaranteed.

He explained that new “generic listing standards” have made traditional 19b-4 filings unnecessary, leaving only final clearance from the SEC’s Corporation Finance division.

Honestly the odds are really 100% now. Generic listing standards make the 19b-4s and their “clock” meaningless. That just leaves the S-1s waiting for formal green light from Corp Finance. And they just submitted amendment #4 for Solana. The baby could come any day. Be ready. https://t.co/5JtfTm82Wi

— Eric Balchunas (@EricBalchunas) September 29, 2025

Issuers, including Solana-linked funds, are already updating their S-1 filings, signaling the process is close to completion. While colleague James Seyffart noted that a potential US government shutdown could affect timing, he agreed the structural changes make approval highly likely.

The SEC has even asked issuers to withdraw their 19b-4 filings and retracted delay notices for XRP, Solana, and other crypto ETFs, indicating momentum is firmly on the side of approval.

Attention now turns to October, when the SEC is set to review six XRP ETF applications, beginning with Grayscale on October 18 and ending with WisdomTree on October 24.

Polymarket odds of approval already sit above 99%, suggesting approval is now a matter of “when” rather than “if.”

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

With ETF approvals nearing, October is shaping up to be a pivotal month for XRP.

XRP Shows Signs of Bullish Reversal as Price Targets $4

XRP is showing early signs of a bullish reversal after holding firm at its support zone. The token is currently trading around $2.85, slightly down on the day, but the chart suggests buyers are starting to gain control again.

Over the past few weeks, XRP has been stuck between resistance near $3.00 and support around $2.60–$2.70. Earlier in September, the token attempted a breakout but failed, leading to a pullback. Even so, the support zone held strong, stopping further losses. This has now created a base for a possible upward move.

The chart also shows a falling trendline that has been pushing prices lower since August. XRP is now testing this trendline again, and if buyers push above it, the market could confirm a bullish reversal. The next target on the upside is around $4.00, a level that traders are watching closely.

The Relative Strength Index (RSI), which measures momentum, is currently near 46. This means XRP is neither overbought nor oversold, giving it plenty of room to climb if demand increases. Analysts say reclaiming the $3.00 mark will be an important signal for more gains.

XRPUSDT Analysis Source: Tradingview

Market sentiment for XRP is also improving thanks to optimism about spot crypto ETFs in the US. But risks remain.

If XRP fails to stay above the $2.60–$2.70 support, the bullish outlook could weaken, and the price might drop further. For now, though, the support level has held well, and the market appears to be leaning in favor of buyers.

Looking ahead, XRP’s price action in the next few weeks will be key. A confirmed breakout above $3.00 could spark strong momentum toward $4.00, especially if ETF approvals bring fresh capital into the crypto market. If bulls succeed, XRP could enter the final quarter of 2025 on a positive note.

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