Today's XRP news: Ripple ETF catalyst has not materialized, and declining confidence has caused a fall below $2.7.

Ripple (XRP) investors are facing a critical October, but the approval of the Spot ETF has yet to progress, causing the token price to fall below $2.70 and market confidence to be undermined. Analysts believe that the XRP ETF is the key catalyst for pushing the price above $3.66 or falling towards $2.50. Meanwhile, Bitcoin (BTC) remains relatively stable supported by institutional demand, and the market is following whether it can return to the key level of $110,000.

XRP ETF delayed, price falls below 2.7 USD

(Source: Trading View)

Latest price: XRP falls to 2.7598 USD, hitting a new low since July 12.

Fall: down 26% from the historical high of $3.6606 set on July 18.

Background: The SEC has delayed the approval of the spot XRP ETF, suppressing market popularity.

Market sentiment: In the past 10 trading days, XRP has fallen for 9 days.

Analysts indicate that the approval of the Spot XRP ETF will be key to driving a price rebound. However, since the approval of the Rex-Osprey Solana ETF on July 2, the SEC has suspended the issuance of cryptocurrency Spot ETFs and has remained silent.

Reasons and Impacts of SEC Delayed Approval

Reason for delay: Bloomberg ETF analysts believe that the SEC is planning to introduce a standardized cryptocurrency ETF framework to establish consistency and protect investors.

Market Impact: Lack of price catalysts, institutional demand hindered, XRP under pressure.

Comparison case: SOL reached a six-month high of 218.01 USD on August 29, driven by the ETF concept.

XRP Price Outlook: Bullish and Bearish Scenario Analysis

Bearish Scenario:

1. Legislative barriers

2. OCC rejects Ripple's U.S. charter bank license

3. The SWIFT system is granted legislative protection.

4. SEC does not approve XRP ETF

It may cause the price to fall to $2.5

Bullish Scenario:

1. SEC approves XRP ETF

2. OCC approves bank charter

3. Blue-chip companies increase XRP treasury reserves

4. The CLARITY Act ( has received bipartisan support.

5. Ripple is eroding the market share of SWIFT remittances.

➡ May drive the price to break through the historical high of 3.6606 USD

) Bitcoin: Demand exceeds supply, follow $110,000

![]###https://img-cdn.gateio.im/webp-social/moments-87a9b3933a-d49cdcb352-153d09-6d2ef1.webp(

(Source: Trading View)

Latest price: BTC closed at $109,265, up 0.92%

Supply and demand data (since January 2024):

A total of 682,431 BTC purchased globally in ETFs.

Strategy (MSTR) purchased 443,307 BTC

Other listed companies purchased 223,229 BTC

Total mining volume 1,348,967 BTC, demand exceeds supply by 328,490 BTC

Short-term pressure: The US Spot BTC ETF market had a net outflow of 522 BTC on September 1, with the price falling to $107,306.

) BTC Price Outlook: Bullish and Bearish Scenario Analysis

Bearish Scenario:

1. The U.S. labor market data is strong.

2. The Federal Reserve sends hawkish signals.

3. ETF funds continue to flow out

➡ Possible factors driving BTC to fall towards the psychological support of 100,000 USD

Bullish Scenario:

1. The “CLARITY Act” has gained support.

2. Labor market data is weak.

3. The Federal Reserve releases dovish signals

4. ETF fund inflow

➡ BTC may be driven to retest the historical high of 123,731 USD.

Key Events of Investor Interest

XRP: Spot ETF progress, Ripple bank license application, treasury reserve adoption, SWIFT dynamics

BTC: US employment data, Federal Reserve policy statement, ETF fund flow, progress in cryptocurrency legislation

Conclusion

October will be a critical month for XRP, as the ETF approval results may determine whether it breaks through or falls sharply; Bitcoin, supported by institutional demand, remains relatively stable, but it still needs to break through 110,000 USD to regain upward momentum. Investors should closely follow regulatory dynamics and macro data, as these factors will directly impact the short-term trends of the two major assets.