Sudden surge in the value of XRP: What caused the price spike?

In a recent development, Ripple's native token, XRP, has experienced a significant price surge, reaching close to the $3 mark on September 7, 2025. This surge is attributed to renewed institutional or speculative interest and anticipation around potential XRP ETFs.

The bullish rally in XRP towards the $4 mark is an attractive proposition for investors, and one platform that offers an optimal option for taking advantage of this is Bitget. Bitget's AI trading agent, GetAgent, can be used to automate strategies in the XRP market.

The surge in XRP's price is further supported by encouraging signals in its price chart. For instance, the ascending triangle structure and the Fibonacci level suggest a potential XRP price of $4.29. A clear break above $3 in XRP's price could propel it to new historic highs.

The U.S. Securities and Exchange Commission (SEC) could authorize several XRP ETFs in the fourth quarter of 2025. Asset management giants like Franklin Templeton and Bitwise are positioning themselves for potential ETFs, offering short-term expansion potential for XRP. Franklin Templeton's application for an XRP-based ETF is particularly mentioned for a possible SEC decision by November 14, 2025.

Charles Ledoux, a Bitcoin and blockchain technology specialist, has written numerous masterclasses and over 2000 articles on crypto. According to Ledoux, the strong volume acceleration in XRP and the bullish dominance on USDT pairs are positive indicators for the token's growth.

Moreover, a massive buy order worth $3 million was executed on Binance's XRP perpetual contracts in just 100 milliseconds, indicating significant investor interest in XRP.

While some analysts, such as those on altstreetbets, predict XRP could approach $4, it's important to remember that cryptocurrency markets are highly volatile and past performance is not indicative of future results.

As always, it's crucial for investors to conduct thorough research and consider their risk tolerance before making any investment decisions. With the potential for XRP ETF approvals and continued institutional interest, the future looks promising for XRP.