Key Takeaway
Ripple’s XRP, along with Solana and Dogecoin, is seeing heightened interest as ETF speculation fuels short-term trading and institutional activity.
Ripple[XRP] is testing the $3 resistance level as excitement around a potential XRP ETF gains momentum.
Polymarket showed a remarkable 93% probability of ETF approval in 2025, at press time, fueling optimism among traders.
Source: Vincent Van Code/X
Despite this, XRP was trading at $2.96, down 1.91% over the past 24 hours, according to CoinMarketCap.
The token briefly touched $3.04, its highest level in nearly two weeks, before pulling back, highlighting both the bullish sentiment and short-term volatility in the market.
Analyst weighs in…
Shawn Young, Chief Analyst at cryptocurrency exchange MEXC, shared his insights with AMBCrypto, stating:
“The clustering of the decision deadline into late October raises the stakes, as a synchronized approval window could accelerate fresh liquidity, reshape XRP’s market structure, invalidating existing bearish patterns, and drive XRP towards $3.4 and possibly further to $4.”
Young noted that Solana [SOL], Dogecoin [DOGE], and XRP are showing notable strength, largely driven by speculation surrounding upcoming ETF approvals, which is fueling short-term trading activity.
He believes DOGE could see a significant rally following the launch of the Rex-Osprey DOGE ETF (DOJE), while Solana’s price may rise to the $240–$260 range if ETF-driven momentum continues.
However, Young also cautioned that historical “sell-the-news” reactions and broader market risks could trigger sharp pullbacks, potentially dampening some of the current bullish sentiment.
What’s more…
Lionel Iruk, Senior Advisor to Nav Markets and Managing Partner at Empire Legal, echoed this view in his comments to AMBCrypto, offering similar insights. He stated,
“The rise in speculation around Solana, Dogecoin, and XRP ETFs is one of the fundamental drivers that has seen SOL, DOGE, and XRP attract increased market attention in recent times.”
He explained that speculation around upcoming ETF approvals is driving strong buying interest in DOGE, SOL, and XRP, as traders position themselves for potential institutional inflows.
If those inflows materialize, DOGE could rise to $0.28, SOL to $240, and XRP to $3.50.
However, historical patterns suggest the risk of sharp pullbacks, especially if enthusiasm fades or approvals are delayed. In such a scenario, DOGE could retreat to $0.20, SOL to $195, and XRP to $2.80.
That said, September could be a volatile month for Bitcoin [BTC], Ethereum [ETH], and XRP alike, with XRP bulls closely watching the $2.74 support level after a bearish August.
