Ripple (XRP) Rises Alongside Bitcoin and Ethereum
Ripple (XRP) price rose on Wednesday, following the trend of Bitcoin (BTC) and Ethereum (ETH). XRP stayed above $2.65 as buyers showed confidence. This optimism comes ahead of the Federal Reserve’s expected decision to cut interest rates by 25 basis points later today.
XRP ETF Approvals Expected Soon
Messari, a blockchain analytics firm, published the ‘State of XRP Ledger Q3 2025’ report on Tuesday. The report noted seven XRP spot Exchange Traded Funds (ETFs) are awaiting approval from the US Securities and Exchange Commission (SEC).
The SEC recently updated its listing rules for spot crypto ETFs. A decision on these applications is expected by November 18. Polls like Polymarket predict a 99% chance that several XRP ETFs will be approved in the last quarter of 2025.
Institutional investors are also increasing their holdings of XRP through Digital Asset Treasuries (DATs). Some notable companies investing include:
- Trident Digital Tech Holdings: $500 million
- Webus International: $300 million
- Wellgistics: $50 million
- Nature’s Miracle Holdings: $20 million
- Reliance Group Global: $17 million
Ripple and the SEC ended their long legal battle on August 7 by dropping appeals. The court ruled Ripple did not break securities laws for XRP sales on platforms like Coinbase and Binance. However, Ripple was held responsible for direct sales to institutions. The company paid a $50 million settlement out of a $125 million penalty. This legal conclusion helped boost confidence in XRP-related investments.
XRP Ledger Shows Growth in Transactions and Assets
The Messari report showed XRP Ledger (XRPL) activity grew in Q3 2025. Key highlights include:
- Daily transactions up 8.9%, from 1.6 million to 1.8 million
- Daily active addresses increased 15.4%, from 21,900 to 25,300
- New addresses surged 46.3%, reaching 447,200
Ripple’s stablecoin RLUSD finished Q3 with a $789 million market cap across XRPL and Ethereum. On XRPL alone, RLUSD grew 34.7% QoQ to $88.8 million, making it the largest stablecoin on the network.
The real-world asset (RWA) market on XRPL jumped 215% QoQ to $115.5 million. Major RWAs include OpenEden US Treasury Bill Vault, Brazil’s VERT’s 94th CRA, Ondo’s Short-Term US Government Bond Fund, and Digital Commercial Paper.
XRP Technical Outlook: Support Holds
XRP price is above its 200-day Exponential Moving Average (EMA) at $2.61. This level offers key support as traders watch the Federal Reserve’s interest rate decision. The Moving Average Convergence Divergence (MACD) indicator shows a buy signal that started last Friday, encouraging investors.
The Money Flow Index (MFI) suggests growing money inflow into XRP. If it rises further, it could show strong buying interest.
Traders will look for XRP to break above the 50-day EMA at $2.68 and the 100-day EMA just above that to confirm an uptrend. A break above the descending trendline resistance from XRP’s July high at $3.66 could strengthen the bullish case.
However, if XRP falls below the 200-day EMA support, it may drop further to $2.18 or even $1.90, key levels tested earlier this year.
