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XRP Price Prediction: XRP Targets $3.30–$3.70 as U.S. Spot ETF Goes Live

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XRP price prediction eventualities intensify as the REX-Osprey Spot XRP ETF formally launched on September 12, marking the first-ever spot XRP exchange-traded fund obtainable within the United States.

Meanwhile, Tokyo-listed gaming firm Gumi accredited a strategic $17 million XRP acquisition, planning to buy 6 million tokens by way of February 2026.

Technical evaluation reveals XRP testing key resistance at $3.00 after breaking from long-term descending wedge patterns, with a number of projections concentrating on $3.30-$3.70 vary.

Historic ETF Approval Signals Regulatory Acceptance

The REX-Osprey Spot XRP ETF cleared the SEC’s overview course of, changing into the primary regulated fund providing direct XRP publicity to U.S. buyers.

The product holds precise XRP tokens in custody relatively than derivatives, offering direct value correlation for institutional and retail contributors.

Traditional buyers can now buy XRP publicity by way of commonplace brokerage accounts with out managing crypto wallets or change accounts.

The ETF construction eliminates custody considerations whereas assembly regulatory compliance necessities that beforehand prevented institutional adoption.

Franklin Templeton’s competing XRP ETF software faces an extended review until November 14. The SEC postponed its authentic September 15 deadline, requesting extra time to judge the proposal.

Multiple different ETF functions stay beneath overview, together with proposals from BlackRock and Fidelity.

The trade anticipates extra choices earlier than the tip of the yr.

Gumi’s board approved a strategic 2.5 billion yen ($17 million) XRP buy, concentrating on 6 million tokens by way of phased acquisition between September 2025 and February 2026.

The Japanese gaming firm beforehand invested $6.6 million in Bitcoin in February 2025.

The acquisition leverages Gumi’s shareholder relationship with SBI Holdings, Ripple’s largest Japanese associate.

SBI co-manages SBI Ripple Asia, specializing in blockchain fee programs throughout Asian markets. Ripple and SBI additionally plan to introduce RLUSD stablecoin into Japan by early 2026.

Descending Wedge Breakout Targets $3.30 Resistance

XRP’s weekly chart positions the token at $3.00, testing essential resistance from a long-term descending wedge sample containing value motion since 2021 highs round $3.80.

XRP Price Prediction: First-Ever Spot XRP ETF Launches as Japanese Giant Acquires $165M Worth – Is XRP Ready to Explode?
Source: X/@AltcoinGordon

The sample sometimes signifies bullish reversal potential following prolonged consolidation intervals.

Recent weekly candles, shared by Ali Chart, present rising quantity throughout advance phases, with sustained shopping for strain over two consecutive weeks.

The trendline represents the higher wedge boundary that XRP should decisively break to validate upside projections.

False breakouts stay frequent in crypto markets, notably when retail enthusiasm drives preliminary strikes with out institutional help.

Sustained buying and selling above $3.05-$3.10 resistance turns into essential for confirming sample validity.

Daily evaluation reveals XRP motion inside a descending triangle construction, with Fibonacci projections concentrating on $3.30 as quick resistance and supreme aims close to $3.60-$3.70.

Multi-Timeframe Analysis Points to $3.70 Targets

Going even additional, the 6-hour timeframe reveals advanced Technical Confluence Theory fashions throughout a number of intervals, positioning XRP at $3.00 throughout what analysts describe as an “optimum value conduct” setup.

Multi-timeframe accumulation schematics counsel distribution fashions creating third faucet eventualities.

Current positioning close to sample resistance creates a high-probability setup for breakout or rejection eventualities.

Immediate challenges contain attaining decisive breaks above $3.05-$3.10 resistance with enough quantity validation.

Success triggers momentum-based shopping for towards projected $3.30-$3.60 targets, whereas failure may retest $2.70-$2.80 help zones.

The institutional adoption catalysts present basic help for bullish eventualities, although timing and magnitude could require measured expectations relatively than explosive short-term strikes.

Gradual development by way of resistance ranges seems extra possible than violent upside acceleration.

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XRP Price Prediction: First-Ever Spot XRP ETF Launches as Japanese Giant Acquires $165M Worth – Is XRP Ready to Explode?

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The publish XRP Price Prediction: XRP Targets $3.30–$3.70 as U.S. Spot ETF Goes Live appeared first on Cryptonews.

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