Ripple's cryptocurrency value, XRP, edges closer to $3, sparking discussions among its community about potential Exchange Traded Fund approvals by October 18.

Ripple (XRP) saw a 3% increase in value on September 7, 2025, making it the second-best performer among the top 10 cryptocurrencies. This rise was primarily driven by active high-leverage speculative demand, according to data from Coinglass' derivatives.

The trading volume of XRP decreased by 10% on the same day, but the rise in futures trading volume by 17% indicates that leveraged demand is playing a significant role in XRP's price moves. The RSI momentum for XRP improved, now at 48.3, suggesting a bullish scenario. However, the price consolidated near $2.88 after the intraday rally.

The Securities and Exchange Commission (SEC) is approaching a critical decision window for XRP ETF filings, with the deadline set for October 18. Seven asset managers have active filings for XRP ETF reviews, including notable providers such as 21Shares, Bitwise, Grayscale, and WisdomTree. These organizations are set to be reviewed between October 18 and 25, 2025.

The potential approval of an XRP ETF could intensify speculation around the cryptocurrency, which could drive its price higher. If XRP breaks above the $3.07 resistance, the next upside target could be $3.20, with a longer-term target at $3.45.

However, weakening spot trading activity is a potential risk factor for XRP. Negative macro catalysts could potentially cause massive liquidation. A breakdown below the $2.70 support level could lead to a sharper retracement towards $2.50, undoing recent gains.

Bollinger Bands for XRP narrowed around the $2.70 support and $3.07 resistance, indicating potential volatility compression. This suggests that the price could see increased volatility in the near future.

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Community discussions suggest that both XRP and Dogecoin (DOGE) have benefited from increased speculation around pending Cryptocurrency ETF reviews. If the rising speculative demand persists as the critical ETF deadlines approach, top altcoins like XRP could continue to outperform spot market headwinds.

In conclusion, while the price of XRP is currently range-bound below $3, due to mid-level RSI positioning and a lack of spot demand, the potential approval of an XRP ETF and increased speculative demand could drive its price higher in the coming weeks.

Ripple's cryptocurrency value, XRP, edges closer to $3, sparking discussions among its community about potential Exchange Traded Fund approvals by October 18.