Ripple’s XRP is flirting with the $3 mark again, thanks to a tidal wave of speculation around a potential ETF approval. On Polymarket, betting odds for an XRP ETF to launch in 2025 have skyrocketed to 93%. That kind of confidence doesn’t come lightly, and traders are piling in.
Even so, volatility refuses to take a back seat. XRP briefly touched $3.04, its highest in two weeks, before slipping back to $2.96, down nearly 2% on the day. The action shows how hype is colliding with hesitation, creating a tense balance between FOMO and fear.
Analyst Young: “XRP could run to $4”
Shawn Young, Chief Analyst at MEXC, believes the coming weeks could redefine XRP’s market structure:
“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 pointed out that Dogecoin (DOGE), Solana (SOL), and XRP are all benefiting from ETF chatter. DOGE might take off if the Rex-Osprey DOGE ETF (DOJE) gets the green light, while Solana could climb into the $240–$260 range.
Still, he warned that “sell-the-news” dumps could slam the brakes if approvals spark short-term euphoria instead of sustained buying.
Legal Voices Add Fuel to the Fire
Lionel Iruk, Senior Advisor at Nav Markets, echoed the bullish momentum but added nuance. Speaking to AMBCrypto, he said:
“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.”
According to Iruk, ETF speculation is encouraging traders to front-run potential institutional inflows. If money from big players actually shows up, DOGE could surge to $0.28, SOL to $240, and XRP to $3.50.
But history tells a different story when hype outpaces fundamentals, if enthusiasm fades or approval timelines shift, DOGE could drop back to $0.20, SOL to $195, and XRP to $2.80.
What’s Next for XRP Traders?
September could prove wild for the majors. Bitcoin and Ethereum remain choppy, while XRP bulls are clinging to the $2.74 support zone after a rough August. The stakes are high: hold the line and bulls may finally push XRP past $3.50; lose it, and the $2.80 floor becomes the last defense before bears regain control.
ETF buzz has clearly put XRP back on the map, but whether this energy translates into a sustained push toward $4 depends on how much of the hype survives beyond the headlines.
