Today's XRP news: Ripple ETF hype is heating up! Can the price break through the key resistance of $3.20?

After a Whale dumped 160 million XRP (approximately $480 million) in two weeks, the price of Ripple (XRP) fell below the psychological barrier of $3. Despite short-term pressure, market focus is shifting towards the upcoming REX-Osprey XRP Spot ETF and the potential iShares XRP Trust application, with investors following whether these catalysts can push the price above the resistance level of $3.20.

Whale selling and market sentiment divergence

On September 15, XRP retraced after reaching a four-week high of $3.1860, failing to break through the $3.2 mark, and encountered resistance before $3.335.

Renowned analyst Ali pointed out that the recent selling behavior of Whales stands in stark contrast to retail investors' optimistic sentiment regarding the ETF listing. Data shows that although retail investors are generally bullish, historical experience warns the market—price trends often move contrary to public expectations.

REX-Osprey ETF: The First XRP Spot Product in the United States

The REX-Osprey XRPR ETF is expected to launch this week, becoming the first product in the U.S. market to offer XRP Spot exposure.

The ETF is structured under the Investment Company Act of 1940, with a portfolio that includes real XRP, cash, government bonds, and some derivatives, and the regulatory requirements are stricter than those of traditional Spot ETFs.

Analysts believe that the market response to this product will serve as an important reference for measuring the future potential of the XRP Spot ETF.

BlackRock's Trends and Institutional Demand Potential

Although BlackRock has not officially submitted the iShares XRP Trust application, the market generally expects it to act after the SEC establishes a standardized framework for crypto ETFs.

Referencing the successful cases of the iShares Bitcoin Trust (IBIT) and the iShares Ethereum Trust (ETHA), if the iShares XRP Trust is approved, it could trigger similar institutional capital inflows, pushing XRP to challenge its historical high of 3.66 USD.

Technical Analysis: $3 and $3.20 as Key Levels

(Source: Trading View)

Currently, XRP is fluctuating around 3 dollars, with short-term support levels at 2.80 dollars and 2.50 dollars.

If the ETF news and regulatory benefits drive the price to break through 3.20 USD, the next target will be 3.335 USD, further challenging the historical high of 3.66 USD.

On the contrary, if regulatory delays or insufficient institutional demand occur, the price may fall back to $2.80 or even $2.50.

Conclusion

The fourth quarter will be a key period for XRP. ETF approval, institutional adoption, and regulatory breakthroughs may bring upward momentum to the price, while policy resistance and market selling pressure could trigger a pullback. For traders, $3.20 is the core resistance level to watch in the short term; once broken, XRP could enter a new round of bullish momentum.