- XRP renews its uptrend above the 200-day EMA, supported by increasing risk appetite.
- XRP spot ETFs could launch in Q4, following revised SEC listing standards.
- The XRP Ledger’s RWA market capitalization grew by 215% in Q3 to $364 million, bolstered by institutional adoption.
Ripple (XRP) moves higher on Wednesday, in step with crypto majors such as Bitcoin (BTC) and Ethereum (ETH). The cross-border money transfer token holds steadily above $2.65, as bulls tighten their grip, building on optimism that the Federal Reserve (Fed) will continue to ease its monetary policy by lowering interest rates by 25 basis points later in the day.
Ripple anticipates XRP ETFs approval
Blockchain data analytics platform Messari released the 'State of XRP Ledger Q3 2025' report on Tuesday, highlighting key insights into the blockchain and ecosystem. Messari stated that seven US XRP spot Exchange Traded Funds (ETFs) applications are pending with the US Securities and Exchange Commission (SEC).
Following the implementation of new generic listing standards for spot crypto ETFs in September, the agency is expected to make its decision by November 18. The consensus, based on Polymarket bets, is a 99% chance of several XRP ETFs approvals in the fourth quarter.
Meanwhile, institutions are increasingly seeking exposure through Digital Asset Treasuries (DATs), pioneered by Strategy’s Executive Chairman, Michael Saylor. Some of these companies include Trident Digital Tech Holdings, with $500 million invested in XRP; Webus International, with $300 million; Wellgistics, with $50 million; Nature's Miracle Holdings, with $20 million; and Reliance Group Global, with $17 million, among others.
The joint decisions by Ripple and the SEC to drop their appeals in the Second Circuit brought the longstanding litigation to an end on August 7, upholding the ruling of US District Judge Analisa Torres.
Judge Torres ruled that Ripple did not violate federal securities laws by selling XRP on third-party platforms such as Coinbase and Binance, but found the company answerable for direct sales to institutional clients.
Ripple was penalized $125 million but settled with the SEC, paying only $50 million. The conclusion of the lawsuit bolstered risk appetite, as institutions pushed ahead with XRP-related DATs.
XRP Ledger’s transactions, RWA surge in Q3
Messari also highlighted an 8.9% QoQ increase in Q3 in the average daily transactions on the XRP Ledger (XRPL) from 1.6 million to 1.8 million. Daily active addresses rose by 15.4% QoQ from 21,900 to 25,300, while the total number of new addresses rose 46.3% to 447,200.
XRP Ledger network Q3 analysis | Source: Messari
Ripple’s USD-pegged stablecoin RLUSD ended the third quarter with a combined market capitalization of $789 million on the XRP Ledger and Ethereum network.
“RLUSD closed Q3 with a market cap of $88.8 million on the XRPL (+34.7% QoQ), making it the network’s largest stablecoin,” Messari stated.
RLUSD stablecoin market cap | Source: Messari
Similarly, the XRPL ended Q3 with a massive 215% QoQ increase in real-world asset (RWA) market capitalization, from $115.5 million. Major RWAs include OpenEden US Treasury Bill Vault (TBILL), Brazil’s VERT’s 94th CRA, Ondo Short-Term US Government Bond Fund (OUSG) and the Digital Commercial Paper (DCP.
XRP Ledger’s RWA stats | Source: Messari
Technical outlook: XRP holds key support
XRP is trading above the 200-day Exponential Moving Average (EMA) at $2.61 on the daily chart as traders shift focus to the Fed’s monetary policy decision on Wednesday.
A buy signal from the Moving Average Convergence Divergence (MACD) indicator sustained since Friday encourages investors to seek new opportunities, anticipating a breakout toward the $3.00 key level.
The Money Flow Index (MFI), which is marginally above the midline, indicates that money is increasingly flowing into XRP. Higher readings approaching overbought territory would indicate a steady risk-on sentiment.
XRP/USDT daily chart
Traders will watch for a break above the 50-day EMA at $2.68 and the 100-day EMA slightly above it to ascertain the uptrend’s strength this week. A subsequent breach of the descending trendline resistance, which has been in place since XRP reached a new all-time high of $3.66 in mid-July, could reinforce the bullish grip.
Still, traders should be cautiously optimistic, as losing the immediate 200-day EMA support at $2.61 could lead to further losses toward $2.18, last tested on October 17, and $1.90, previously tested in late June.
Bitcoin, altcoins, stablecoins FAQs
Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.
Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.
Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.
Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.
