출처: Block Media
XRP Spot ETF Approval Anticipated in October: Market Sentiment Strengthens
Momentum surrounding the approval of an XRP Spot ETF by October is intensifying, stirring positive sentiment across the investor community. Recent discussions at the Frankfurt Stock Exchange, coupled with increasing probabilities reflected in market data, have bolstered expectations of a favorable decision.
According to The Coin Republic on October 11, prediction market platform Polymarket suggests there is a 94% chance that an XRP ETF will secure approval before the end of 2025. This marks a notable recovery from a 64% probability reported in August and highlights renewed optimism among stakeholders. The current confidence level, sitting above 90%, is the second-highest since a dramatic uptick recorded on June 3.
This optimism stems largely from rising institutional interest in acquiring XRP through ETF products. Such trends underscore the growing role of XRP within diversified financial portfolios. However, concerns remain, as historical precedent with Ethereum's ETF approval showcased how early excitement among investors could give way to post-approval valuation declines, signaling the inherent volatility of such developments.
XRP's Price Action Eyes Key Resistance Levels
XRP’s ongoing recovery has drawn attention, particularly as the cryptocurrency recently demonstrated strength earlier this week. It was trading at $2.97, reflecting a 7% increase from its weekly low. This upward movement signals XRP’s attempt to overcome the downward resistance line that has persisted for three months—a key technical benchmark closely monitored by market analysts.
Should XRP successfully break through this resistance, it may trigger a sharp rally similar to the robust price surge witnessed in July. Speculation points to the possibility of XRP surpassing the $5 mark during Q4 of this year. Data from Polymarket estimates a 42% probability that XRP will breach $4 before the year ends, with a potential ETF approval likely strengthening this likelihood.
Analysts are closely watching how these resistance levels and external catalysts, such as ETF developments, will influence future performance.
Ripple’s Collaboration with SBI Paves the Way for RLUSD Stablecoin Growth in Japan
In a strategic move, Ripple has partnered with Japan's SBI Holdings to introduce its RLUSD stablecoin to the Japanese market. This collaboration was formalized through a Memorandum of Understanding (MOU), further enhancing Ripple's foothold in the Asia-Pacific region. SBI Holdings CEO, Tomohiko Kondo, confirmed that the company has become the first in Japan to secure a Payment Services Provider license—a significant milestone that offers a regulatory edge for this initiative.
The launch of RLUSD in Japan is expected to address regulatory hurdles while catering to institutional demand for compliant digital assets. RLUSD has positioned itself as a stablecoin optimized for institutional use cases, boasting strong regulatory adherence and a rapidly expanding circulation. Supply levels of the RLUSD stablecoin have shown remarkable growth—from 57 million in early 2025 to a staggering 731 million in recent months. Notably, circulation has doubled in just the past four months, and projections indicate it could surpass 1 billion before year-end.
This expanding adoption and steady institutional interest in RLUSD are anticipated to further drive demand for XRP. Many analysts believe that if an XRP ETF gains regulatory approval, institutional buying of XRP could escalate significantly, further elevating its role in the digital finance ecosystem.
The XRP market stands at a critical juncture as ecosystem developments like ETF approval efforts, price action around key technical levels, and Ripple’s strategic initiatives all converge. With investor optimism at a peak and institutional adoption rising, XRP’s trajectory for the remainder of the year will be shaped by these pivotal factors. For the latest updates, follow Block Media on Telegram.
