Today's XRP News: Vanguard Group may enter the Ripple ETF, analysts target a $3 bull run goal

Vanguard may be preparing to change its stance against encryption currency ETFs, while the universal listing standards approved by the U.S. SEC will accelerate the listing process of XRP ETFs. With BlackRock clearly stating that it will not apply for an XRP ETF, the potential entry of Vanguard, the world's second-largest asset management company, brings significant favourable information to XRP investors. Technical Analysis shows that XRP is approaching a critical breakthrough point, and multiple catalysts may drive the price above the $3 threshold.

The Amazing U-Turn of Pioneer Group: From Rejecting to Embracing Crypto ETF

On September 26, a shocking piece of news sparked enthusiastic discussions among crypto investors. Eleanor Terrett, host and reporter at Crypto America, revealed that insiders have indicated that Vanguard Group, the world's second-largest asset management company, is preparing to allow clients to access crypto assets ETFs on its brokerage platform.

This news is particularly noteworthy because Vanguard Group clearly announced in 2024 that it would not offer Bitcoin spot ETFs to its clients. At that time, this decision caused a stir as BlackRock and other Wall Street giants rushed into the digital asset market.

From Prophecy to Reality

Bloomberg Industry Research senior ETF analyst Eric Balchunas predicted in 2024 that Vanguard would change its crypto policy. Now, this prediction seems to be becoming a reality. Vanguard's sudden interest in the digital asset space likely reflects the growing demand from its client base for crypto investment tools.

More importantly, in the context of BlackRock clearly stating that it will not apply for an XRP ETF, the Vanguard Group may not only allow clients to invest in existing crypto ETFs but may also consider launching its own XRP spot ETF. This would represent a strategic market opportunity for Vanguard to fill the gap left by BlackRock.

SEC General Listing Standards: The Key to Accelerating the Listing of XRP ETF

The recently approved Generic Listing Standards (GLS) by the U.S. Securities and Exchange Commission (SEC) could become a key turning point in the development of XRP ETF. This approval will allow ETF issuers to list and trade crypto assets spot ETFs under the GLS framework, without undergoing the SEC's usual review process that can last up to 240 days.

This regulatory breakthrough means:

Accelerated Approval Process: The approval time for the XRP spot ETF may shorten from several months to several weeks.

Reduce regulatory uncertainty: A standardized listing process reduces the regulatory risks faced by issuers.

Attracting more issuers: A simplified process may encourage more asset management companies to apply for the XRP ETF.

Currently, seven institutions have submitted applications for the XRP spot ETF and are awaiting approval from the SEC. The implementation of universal listing standards may expedite the approval process for these applications.

Market Landscape Reshaped: BlackRock's Absence, Opportunities for Pioneers

BlackRock, as the world's largest asset management company, has seen undeniable success in the crypto ETF market. The total net inflows for iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA) have reached as high as $74.22 billion, far surpassing other competitors.

However, BlackRock has clearly stated that it will not apply for an XRP spot ETF, creating a unique market opportunity for the Vanguard Group. In comparison, the total net inflow for Fidelity's Bitcoin spot ETF and Ethereum spot ETF is $14.46 billion, far behind BlackRock.

If the Pioneer Group decides to launch an XRP spot ETF, it may:

· Fill market gaps: Meet the demand for XRP institutional investment instruments

· Challenge BlackRock's dominance: Establish competitive advantages in areas not yet entered by BlackRock.

· Reshaping the investment landscape: providing new XRP investment channels for retail and institutional investors.

This strategic shift could fundamentally change the competitive landscape of the Crypto Assets ETF market.

XRP Technical Analysis: Key Path to Break Through 3 Dollars

(Source: Trading View)

On September 26, XRP rose by 1.51%, partially reversing the 6.22% decline from the previous trading day, closing at $2.7867. From a technical analysis perspective, XRP is approaching a key resistance level, and traders are closely watching the following price levels:

· Key Support and Resistance Levels

Support level:

2.7 USD (recent support)

2.5 USD (mid-term support)

Resistance Level:

3 USD (psychological barrier)

3.2 USD (mid-term resistance)

3.335 USD (strong resistance zone)

3.66 USD (historical highest price)

The XRP daily chart shows that the price is currently at a critical decision point, and a significant breakthrough or correction may be imminent. Technical indicators suggest that there may be some bearish pressure in the short term, but the medium to long-term trend remains bullish.

Multiple Catalysts: Potential Drivers of XRP Price

In the coming weeks, several key events may drive the price trend of XRP, and these catalysts include:

· Bullish Catalyst

ETF fund inflows strengthen: Existing Crypto ETFs such as BITW, GDLC, and XRPR report strong fund inflows.

New ETF Application: Vanguard Group may apply for XRP spot ETF

Regulatory Breakthrough: SEC Approves XRP Spot ETF Application

Institution Adoption: Blue-chip companies are including XRP in their financial reserve assets.

Bank License: Ripple has obtained a U.S. chartered bank license.

Legislative Progress: The U.S. Senate has passed the Market Structure Bill.

Expansion in the Payment Field: Ripple is increasing its market share in the global remittance market, challenging SWIFT's dominance.

The combination of these positive factors may drive XRP to break through the resistance level of 2.8 USD and advance towards the 3 USD mark. If it successfully breaks through 3 USD, the next target will be 3.2 USD, and it may even challenge the historical high of 3.66 USD.

· Potential Risk Factors

However, investors should also be wary of the risk factors that may hinder the rise of XRP:

ETF fund outflow: Current crypto ETF reports show weak fund inflows or outflows.

Regulatory Setback: SEC Rejects XRP Spot ETF Application

Legislative Barriers: Progress on Crypto-Friendly Regulations is Slow

Institutional Indifference: Blue-chip companies avoid using XRP as a reserve asset

License Delay: OCC delays or denies Ripple's bank license application

If these risk factors prevail, XRP may fall back to the support level of $2.7. If that support level is broken, the next key support level will be $2.5.

Key Month of October: The Decisive Moment for XRP

As October approaches, the XRP market is facing a potential decisive moment. Several key events will converge this month, possibly determining the mid-term price trend of XRP.

It is especially noteworthy that the applications for the XRP spot ETF submitted by seven institutions may see significant progress in October. If the Vanguard Group does indeed change its encryption policy and considers launching an XRP ETF, it will inject new momentum into the market.

In addition, the results of Ripple's banking license application and the progress of the market structure bill may be revealed in October, both of which are important factors affecting the price of XRP.

Conclusion: The Balance of Institutional Demand and Regulatory Progress

The potential shift in the stance of Vanguard Group towards crypto ETFs, combined with the approval of the SEC's general listing standards, has created a unique opportunity window for XRP investors. In the absence of BlackRock in the XRP ETF market, Vanguard Group may fill this gap, bringing new institutional capital inflows for XRP.

Technical analysis shows that XRP is approaching a key breakout point, with multiple catalysts potentially driving the price above the 3 dollar mark. However, investors should also be wary of potential risk factors and maintain a cautiously optimistic attitude.

With the arrival of October, the XRP market will enter a critical decision-making period, where the balance between institutional demand and regulatory progress will determine its short-term price trend. Regardless of the outcome, the long-term prospects of XRP still depend on the actual adoption of Ripple technology and the evolution of global payment infrastructure.