XRP leads the top ten Crypto Assets! ETF bets ignite the October market, Bitcoin holds steady at $111,000.

Ripple (XRP) made a strong rebound, breaking through $3.01 on August 27, leading the top ten crypto assets by market capitalization, outperforming Ethereum (ETH) and Solana (SOL). Market focus is on the SEC’s decision regarding the XRP spot ETF in October, with investors betting that an approval will trigger a new round of upward momentum. Meanwhile, Bitcoin (BTC) remains steady at $111,789, supported by expectations of interest rate cuts, with ETF fund flows becoming a key observation indicator for the future market.

XRP leads the top ten Crypto Assets, ETF expected to boost market sentiment

XRP/USDT market chart

(Source: Trading View)

Price performance: On August 27, XRP rose 5.38%, currently reported at 3.011 USD, reversing the decline from the previous day.

Market Background: Although the SEC has postponed the approval of the XRP Spot ETF, in July it approved multiple cryptocurrency ETFs with XRP exposure (such as Bitwise 10, Grayscale GDLC), which the market interprets as a positive signal for a dedicated XRP ETF.

Potential Catalysts:

  1. XRP Spot ETF Approval

  2. Ripple obtained a chartered bank license in the United States.

  3. XRP included in the treasury reserve assets

  4. The CLARITY Act ( has received bipartisan support.

  5. SWIFT’s global payment share is being eroded by Ripple.

Technical key levels: If the ETF is approved, XRP is expected to break through the historical high of $3.6606 and even challenge $5; if there are regulatory delays or negative news, it may test the support at $2.7254.

) Bitcoin holds steady at 111,000 USD, interest rate cut expectations assist

![BTC/USDT行情圖]###https://img-cdn.gateio.im/webp-social/moments-87a9b3933a-e8df0dbfac-153d09-1c6801.webp(

(Source: Trading View)

Macroeconomic Background: The U.S. Consumer Confidence Index fell to 97.4 in August, with the market betting that the Federal Reserve’s interest rate cut probability in September has risen to 87.2%.

ETF Fund Flow: On August 25, the net inflow of BTC Spot ETF in the US was $219.1 million, ending six consecutive days of capital outflow. The main inflows came from Fidelity ($14.5 million), Grayscale ($11.3 million), and ARK/Bitwise ($13.1 million).

Short-term outlook:

Bullish scenario: Continued inflow into ETFs + Progress of the “Clear Act”, BTC may retest the high of $123,731.

Bearish scenario: ETF funds flow out + macroeconomic headwinds, BTC may retreat to the psychological support of 100,000 USD.

) Key Observation Points

In the coming weeks, the key factors influencing the trends of XRP and BTC include:

  1. SEC’s final ruling on XRP Spot ETF (before October)

  2. The impact of U.S. macroeconomic data (GDP, PCE, employment data) on interest rate cut expectations.

  3. The “CLARITY Act” and Other Progress in Crypto Regulation Legislation

  4. The Continuity of ETF Fund Flows

Conclusion

XRP is currently leading the top ten Crypto Assets under the support of ETF expectations and technicals, while BTC is stabilizing its position amid macroeconomic benefits and the inflow of ETF funds. The SEC’s ETF decision in October will be a watershed moment for XRP and could also become a sentiment trigger for the entire Crypto Assets market.

XRP3,97%
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