Key Highlights
- XRP climbed to a range between $1.54 and $1.58, marking approximately a 10% weekly increase, while Bitcoin maintained levels above $84,000 and Ethereum hovered around $2,680.
- Following the Senate’s inability to pass the CLARITY Act, SEC staff released informal guidance addressing buybacks, staking mechanisms, and blockchain network improvements.
- On September 25, US-based spot XRP exchange-traded funds attracted $22.65 million in fresh capital, with Bitwise’s offering capturing $18.39 million.
- Total net inflows for XRP ETFs have accumulated to $1.79 billion, while assets under management stand at $1.77 billion.
- Technical analysis shows XRP encountering resistance around $1.60, while support remains stable near the $1.50 level on four-hour charts.
XRP fluctuated between $1.56 and $1.58 throughout the week, representing roughly a 10% gain compared to the previous seven-day period. This upward movement aligned with a wider cryptocurrency market rebound. Bitcoin sustained trading above $84,000, while Ethereum maintained positions near $2,680.
The price appreciation occurred amid evolving regulatory developments. Earlier this month, the Senate was unable to move forward with the CLARITY Act, resulting in proposed cryptocurrency market regulations remaining in limbo.
On September 25, SEC staff released guidance addressing token repurchase programs, staking reward mechanisms, network maintenance protocols, and marketing representations. This guidance represents staff opinion rather than binding regulation and does not explicitly categorize XRP.
Breaking Down the SEC Staff Guidance
According to staff interpretations, token buyback programs involving non-security tokens operating on functional blockchain networks do not automatically constitute promises of managerial effort. Additionally, certain staking receipt instruments may qualify as digital commodities instead of securities, contingent upon their issuance structure.
Standard network upgrades and promotional activities for established network functionalities may not fall under investment contract scrutiny based on this updated guidance. Cryptocurrency analyst Crypto Rover highlighted the update through social media channels, noting that liquid staking tokens are now being classified as digital commodities rather than securities, and token repurchase activities on operational protocols are not being interpreted as management-driven actions.
Prediction marketplace Kalshi published a September price target for XRP at $1.70, representing a $0.10 increase from previous estimates. The platform additionally offers a derivative contract tracking whether XRP exceeds $1.70 before September 30.
Exchange-Traded Fund Capital Flows
According to data from SoSoValue, US spot XRP exchange-traded funds registered $22.65 million in net capital inflows on September 25. Bitwise dominated with $18.39 million, capturing approximately 81% of daily flows.
Franklin Templeton’s XRPZ product contributed an additional $4.26 million. The remaining three tracked investment products reported zero net activity for that trading session.
These fresh contributions elevated total cumulative net inflows to $1.79 billion. Aggregate net assets across all funds reached $1.77 billion, representing roughly 1.80% of XRP’s entire market capitalization.
Daily trading volume across the five investment vehicles totaled $57.75 million, with Bitwise responsible for $37.07 million of that figure. The previous day, September 24, witnessed $14.89 million in aggregate inflows across the five funds, following $23.17 million recorded on September 23.
As of September 23, Bitwise’s fund maintained holdings of 401.42 million XRP tokens, reflecting a two-day increase of 14.18 million tokens. Based on the fund’s official disclosures, this position was valued at approximately $613.89 million.
Market analyst Ali Charts identified significant accumulation activity among large-scale holders, reporting that whale addresses acquired over 470 million XRP during a five-day window, equivalent to roughly $724 million in value, while a potential inverse head-and-shoulders technical formation continues developing on daily timeframes.
XRP briefly reached $1.60 earlier in the week before retreating to $1.5535 by 08:41 UTC on Saturday. Four-hour chart analysis reveals resistance at the $1.60 threshold, a price level that has rejected multiple upward attempts recently.
A sustained close beyond $1.60 would likely establish a pathway toward $1.65, with subsequent targets at $1.70. Key support remains positioned near $1.50, a level that provided stability following price action on September 23.
A breakdown below $1.50 could expose the $1.45 level to testing. The four-hour Relative Strength Index currently registers at 52, marginally above the neutral threshold of 50, while the MACD indicator remains positioned beneath its signal line, suggesting diminishing near-term momentum.
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