XRP Price Forecast: REX-Osprey XRP ETF Launching Today

XRP price prediction is making headlines once again as the Rex-Osprey group gears up to launch its XRP ETF today. The SEC has granted approval for the fund after completing a 75-day review period without any objections being raised.

The REX-Osprey XRP ETF has now achieved post-effective status, signifying its launch date on September 12th. Bloomberg analyst Eric Balchunas has mentioned that the fund is ready to start trading, but any last-minute objections from the SEC could potentially cause a delay. This ETF will be the first XRP fund to be listed in the U.S. under the ’40 Act structure.

The upcoming launch of the ETF is expected to offer investors, both institutional and retail, direct exposure to XRP, thereby enhancing accessibility to the digital asset. The inflows into the ETF are anticipated to have a notable impact on XRP, prompting investors to closely follow XRP price predictions.

As we observe the increasing adoption of digital assets, more crypto ETFs are anticipated to enter the market in 2025. In parallel, Bitcoin Hyper, a rising layer-2 project, is actively addressing the technological constraints of Bitcoin to make it more suitable for modern finance. The project has garnered significant community support, with over $15.2 million raised and retail traders showing interest in acquiring HYPER tokens during the presale.

On the other hand, Franklin Templeton’s XRP spot ETF has faced a 60-day delay. The SEC, which originally had a deadline of September 15th, has postponed the decision to November 14th to further evaluate the proposal. Unlike REX-Osprey’s fund, Franklin Templeton’s application may have been filed under the ‘33 Act pathway, which could be a reason for the delay.

The SEC’s meticulous review process and individualized approach to each application have led to a growing backlog. With 92 crypto ETPs reportedly in the U.S. pipeline as of late August, it is evident that regulatory scrutiny is a significant factor in the ETF approval process.

In terms of XRP price predictions, the recent breakout has led to a surge in Ripple’s value by over 80% during the June-July rally, hitting a peak of $3.66. Following a period of trading within a descending triangle pattern, XRP broke out on Monday and has continued its upward trajectory.

Currently trading at $3.07, XRP has experienced a 9% increase in the past week. With the MACD signaling positive momentum and resistance near $3.14, there is potential for a breakout towards $3.37 in the near term. The technical indicators support a bullish outlook for Ripple, with optimistic targets set at $4.00.