XRP News Today: Spot ETF Framework Could Unlock Mainstreet Access; BTC at $111k

Cryptocurrency

Summary:

SEC drops Ripple appeal, paving way for XRP-spot ETFs; XRP near \$2.85 with catalysts ahead. Bitcoin tops \$111k on MicroStrategy buy and ETF inflows, but Fed policy and data remain key.

Legal Experts Talk Ripple Case:

XRP and the SEC vs. Ripple case were in the spotlight as the dust settled from the US Court of Appeals ruling. On August 22, the US Court of Appeals approved the parties’ Joint Stipulation of Dismissal, resolving a four-and-a-half-year legal battle.

The approval was pivotal, given that the SEC dropped its appeal against the Programmatic Sales of XRP ruling. In 2023, Judge Torres ruled that programmatic sales of XRP did not satisfy the third prong of the Howey Test.

Amicus curiae attorney and CryptoLaw founder John E. Deaton played an instrumental role in the ruling, representing over 70,000 XRP holders. On Wednesday, September 3, Deaton commented on the XRP Army’s influence in the Ripple case, stating:

“No credible person can argue that the XRP Army didn’t make a difference in the Ripple case. If they do, they’re either ignorant to the facts and truth or intentionally lying. We have conclusive evidence that we made a difference. There were over 2K exhibits filed in the case.”

Referencing Judge Torres’ final ruling, Deaton added:

“In her final decision, Judge Torres cited only a couple dozen exhibits. The Judge cited my amicus brief, XRP Holder Affidavits, and the oral argument hearing I had in the LBRY.com case on behalf of Naomi Brockwell, related to secondary sales. She had ruled XRP itself is Not a security while citing XRP Holder Affidavits.”

Deaton stated that Judge Torres’ citations removed any debate on whether the XRP Army influenced the case, concluding:

“Often, people say one person can’t make a difference. I say: one person can inspire many people and together, they can make a difference.”

The Programmatic Sales ruling was crucial, enabling ETF issuers to apply for XRP-spot ETFs.

XRP-Spot ETFs and the Road to Main Street

The Commodity Futures Trading Commission (CFTC) and the US Securities and Exchange Commission (SEC) released a joint crypto statement this week, underscoring their support for innovation while ensuring consumer protections.

NovaDius Wealth Management President Nate Geraci reacted to the joint statement, stating:

“Main takeaway? Crypto trading going mainstream. Will be on the world’s largest venues. Think NYSE, Nasdaq, etc. Next stop after that? Every major traditional brokerage. I know you’re paying attention now.”

Main Street could potentially fuel crypto adoption, giving traditional asset-class investors access to XRP and other cryptos.

Furthermore, the joint statement may be the prelude to the highly anticipated standardized crypto ETF framework, which could greenlight pending XRP-spot ETF applications.

Market experts expect XRP-spot ETFs to be a crucial price catalyst.

XRP Price Outlook: Scenarios for Bulls and Bears

Can XRP retake the $3 handle as final deadlines for XRP-spot ETF reviews near? XRP fell 0.53% on Wednesday, September 3, partially reversing Tuesday’s 3.72% rally to close at $2.8474. The token underperformed the broader market, which rose 0.78% to a total crypto market cap of $3.81 trillion.

In the near-term, XRP’s price outlook hinges on several key catalysts, including:

XRP-spot ETF headlines.

Blue-chip firm adoption of XRP as a Treasury Reserve Asset.

Ripple’s US-chartered bank license application.

SWIFT-related updates.

Market Structure Bill’s progress on Capitol Hill.

Potential scenarios:

Bearish Scenario: Legislative roadblocks, weak blue-chip company demand, OCC declines Ripple’s application for a US-chartered bank license, lawmakers protect SWIFT, or the SEC disapproves XRP-spot ETFs. These factors may push XRP toward $2.5.

Bullish Scenario: XRP-spot ETF approvals, OCC approves US-chartered bank license, rising demand for XRP as a Treasury Reserve Asset, bipartisan support for the CLARITY Act, or SWIFT loses share of global remittance business to Ripple. These factors could send XRP above its record high of $3.6606 (Binance).

While October remains a pivotal month for XRP, crypto legislation, global macroeconomic developments, and Bitcoin price trends will continue to affect price trends. Bitcoin remains the crypto market barometer, dictating broader crypto market trends.

XRP News Today: Spot ETF Framework Could Unlock Mainstreet Access; BTC at $111k_1

XRPUSD – Daily Chart – 040925

Explore our full XRP forecast here for key breakout zones and timing insights.

Bitcoin and MicroStrategy Take Center Stage

While XRP dipped as investors await spot ETF approvals, Strategy (MSTR) gave Bitcoin (BTC) a much-needed boost.

On Tuesday, September 2, Strategy founder and chairman Michael Saylor announced the latest BTC acquisition, stating:

“Strategy has acquired 4,048 BTC for ~$449.3 million at ~$110,981 per bitcoin and has achieved BTC Yield of 25.7% YTD 2025. As of 9/1/2025, we hodl 636,505 BTC acquired for ~$46.95 billion at ~$73,765 per bitcoin.”

Strategy sits at the top of the Bitcoin 100 list (Companies with the largest BTC holdings). The purchase coincided with speculation about Strategy potentially entering the S&P 500 on Friday, September 5, in the Index’s quarterly rebalance. Strategy’s listing could mean Main Street investors gain exposure to BTC by default through Index-linked products.

Institutional demand remains crucial for BTC’s price trajectory, spotlighting demand for spot ETFs.

US BTC-Spot ETF Flows Boost Sentiment

Meanwhile, the US BTC-spot ETF market reported total net inflows of $332.8 million on Tuesday, September 2, lifting sentiment. Excluding BlackRock’s (BLK) iShares Bitcoin Trust (IBIT) flows, total inflows reached $10.7 million on Wednesday, September 3. According to Farside Investors, key flows included:

Grayscale Bitcoin Mini Trust (BTC) reported net inflows of $28.8 million.

Fidelity Wise Origin Bitcoin Fund (FBTC) had net inflows of $9.8 million.

Meanwhile, ARK 21Shares Bitcoin ETF (ARKB) saw net outflows of $27.9 million.

A reversal of August’s outflows of $749.2 million could send BTC toward its record high of $123,731.

While a second day of inflows could raise demand for BTC, investors may tread cautiously ahead of crucial US economic data.

US Economic Indicators and the Fed in Focus

On Thursday, September 4, the US ISM Services PMI, the ADP employment report, and the weekly jobless claims require consideration. A sharp rise in the Services PMI and solid labor market data may temper Fed rate cut bets, weighing on BTC. On the other hand, softer numbers could fuel speculation about multiple Fed rate cuts, driving demand for risk assets.

BTC Price Outlook: US Data, the Fed, and Spot ETFs in Focus

BTC rose 0.51% on Wednesday, September 3, following Tuesday’s 1.76% gain, closing at $111,758. Despite extending its winning streak to three sessions, BTC fell short of the crucial $115,000 level for an eleventh consecutive session.

However, looking ahead, several key events may influence the near-term price outlook. These include:

Fed speakers: hawkish or dovish.

US services and labor market data: Weaker or stronger?

Legislative developments on Capitol Hill: The CLARITY Act – yes or no.

BTC-spot ETF flows.

Potential scenarios:

Bearish Scenario: Legislative roadblocks, strong US data, hawkish Fed cues, or ETF outflows. A combination of these may push BTC toward the psychological $100,000 support level.

Bullish Scenario: Bipartisan support for the CLARITY Act, weaker US data, dovish Fed rhetoric, and ETF inflows. In this case, BTC could target the record high of $123,731.

Key Market Drivers: Data, Regulation, and ETF Flows

Traders should pay close attention to the following key events to determine whether XRP and BTC rebound:

XRP-spot ETF developments.

Legislative developments: The CLARITY Act.

US economic data: Supports rate cuts or lowers expectations of a Fed pivot.

ETF market flows: Flow trends crucial for BTC’s supply-demand balance.

See where analysts expect XRP and BTC to head in the coming months as regulatory and economic risks evolve.

Source: fxempire

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