The U.S. market for cryptocurrency is having a big breakthrough with REX-Osprey XRP ETF launching officially on September 12, becoming the first XRP Spot Exchange Traded Fund in the United States. The U.S. Securities and Exchange Commission (SEC) authorized the fund after its 75-day review with no objections. This approval of is being viewed as a turning point, indicating that the regulators and institutional investors now view it as a more established cryptocurrency.
Currently, it is trading at $3.05, reflecting a daily gain of 1.35% and a market capitalization of $182.05 billion. Over the past week, the token has surged by around 8%, bringing it very close to its previous all-time high (ATH) of $3.84.
Source: CoinMarketCap
While the REX-Osprey launch is grabbing headlines while another fund is still waiting. The Franklin Templeton-backed ETF, filed via Cboe BZX Exchange in March, has been hit by an XRP ETF SEC delay. The SEC has pushed the review deadline from September 15 to November 14, stating it needs additional time to assess market impacts.
This shows how the regulator is treating each application individually—approval is not automatic, and Franklin must wait for a final decision. This contrast also highlights how significant the XRP approval date for REX-Osprey is, as it sets the tone for future crypto-related funds.
XRP Exchange Traded Fund introduction date has attracted high positive sentiment among investors. The altcoin is on its way back from its low of $2.75, posting close to +10% recovery and now touching peak resistance level of $3.20. Volumes have also increased to 1.27 million per day, significantly higher than the average of early September at 800K.
Source: TradingView
Historically, spot approvals of Ethereum and Bitcoin have precipitated 30–50% rallies within 4–6 weeks. If it too is following script, it may breach its previous high of $3.80 within the next 6–8 weeks. Continued institutional demand in the wake of inflows may even drive prices beyond $4.20 by end-November 2025. But if inflows decrease or profit-taking begins at $3.50–$3.80, then the rally may fail to materialize.
This is why XRP is rising today, and analysts are waiting to see if the bullish momentum continues. The general price forecast indicates high bullish potential but also relies on market momentum following the announcement. Apart from this, REX-Osprey Doge ETF is also expected to launch soon.
XRP ETF news is an historic milestone for the altcoin and the whole crypto space. Given institutional inflows remain solid, the REX-Osprey Exchange Traded Fund might push the coin above its $3.84 ATH and beyond $4.20. But if momentum falters, gains may soften—leaving the next several weeks crucial for next big move.
Deepmala Upadhyay is an experienced crypto journalist, content strategist, and News writer with over 5 years of expertise in writing and the crypto industry. Holding a Bachelor's Degree in Computer Science and a deep understanding of blockchain technology and financial markets, she excels in delivering exclusive news, in-depth research blogs, and expertly crafted on-page SEO content. As a team lead and content writer at CoinGabbar, Deepmala is responsible for analyzing blockchain technologies, cryptocurrency, price movements, and the crypto market with precision and insight. Her keen ability to create well-researched, impactful content, combined with her expertise in market analysis, makes her a trusted voice in the crypto space.
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