Today's XRP news: The deadline for the Spot ETF review is approaching, and returning to $3 is crucial; Bitcoin receives institutional support, and the market focuses on macro data.

A recent market analysis report shows that XRP has achieved a key victory in its long-term lawsuit against the SEC, paving the way for the future launch of an XRP Spot ETF, with a very optimistic long-term outlook. Despite this favourable information, the report notes that XRP's short-term price movement remains weak, with technical indicators leaning bearish. Meanwhile, the Bitcoin (BTC) market has received a strong boost from institutional demand, particularly due to the latest large acquisition by Strategy company and the net inflow of funds into the Spot ETF market. However, the short-term fluctuations in the market will still be influenced by the upcoming U.S. economic data, Fed policy trends, and ETF fund flows.

Legal Experts Discuss the Ripple Case:

With the U.S. Court of Appeals ruling settled, XRP and the SEC's lawsuit against Ripple have become the focus. On August 22, the U.S. Court of Appeals approved the joint dismissal agreement between the parties, ending this four-and-a-half-year legal dispute.

Given that the SEC withdrew its appeal against the ruling on the programmatic sales of XRP, this approval is crucial. In 2023, Judge Torres ruled that the programmatic sales of XRP do not meet the third prong of the Howey test.

John E. Deaton, an attorney and founder of CryptoLaw, played an important role in the ruling, representing over 70,000 XRP holders. On Wednesday, September 3, Deaton commented on the impact of the XRP community in the XRP case, stating: "No credible person would deny that the XRP army played a role in the XRP case. If they really say that, they are either completely ignorant of the facts and truth, or they are deliberately lying. We have conclusive evidence that we made a difference. The case submitted over 2,000 pieces of evidence."

Deaton mentioned Judge Torres' final ruling, adding: "Judge Torres cited only dozens of pieces of evidence in the final ruling. The judge referenced my amicus brief, the sworn statements of XRP holders, and the oral argument hearing I conducted on secondary market sales on behalf of Naomi Brockwell in the LBRY.com case. When referencing the sworn statements of XRP holders, she ruled that XRP itself is not a security."

Deaton stated that Judge Torres' citation eliminated any controversy regarding whether the XRP army influenced the case, he concluded:

"People often say that one person cannot change the status quo. But I want to say: one person can inspire many, and when united, they can change the status quo."

The ruling on programmatic sales is crucial as it allows ETF issuers to apply for an XRP Spot ETF.

XRP Spot ETF and the Path to Mainstream

The Commodity Futures Trading Commission ( CFTC ) and the Securities and Exchange Commission ( SEC ) issued a joint statement on cryptocurrency this week, emphasizing their support for innovation while ensuring consumer rights.

Nate Geraci, the president of NovaDius Wealth Management, responded to this joint statement, stating:

"Main conclusion? Cryptocurrency trading is becoming mainstream. It will be listed on the largest exchanges globally. Think of the New York Stock Exchange, NASDAQ, and so on. What’s the next target after that? It’s all major traditional brokerage firms. I know you are currently paying attention to this matter."

Mainstream investors may drive the adoption of cryptocurrencies, allowing traditional asset class investors to invest in XRP and other cryptocurrencies.

In addition, this joint statement may herald the arrival of the much-anticipated standardized cryptocurrency ETF framework, which could give the green light for the pending approval of the XRP spot ETF application.

Market experts anticipate that the XRP Spot ETF will become a key price catalyst.

XRP Price Outlook: Prospects of Bull and Bear Markets

(Source: TradingView)

As the deadline for the XRP Spot ETF review approaches, can XRP return to the $3 mark? On September 3rd (Wednesday), XRP fell by 0.6%, partially reversing Tuesday's 3.72% gain, closing at $2.8474. The token underperformed the market, which rose by 0.78%, bringing the total cryptocurrency market capitalization to $3.81 trillion.

In the short term, the price prospects of XRP depend on several key factors, including:

XRP Spot ETF headline news

Blue chip companies use XRP as a reserve asset for the US Treasury.

Ripple applies for a US chartered bank license.

SWIFT related updates

Progress of the "Market Structure Act" in Congress

Potential Scenarios:

Bearish Scenario: Legislative obstacles, weak demand from blue-chip companies, the OCC ( rejected Ripple's application for a U.S. chartered banking license, legislators protecting SWIFT or the SEC ) not approving the XRP Spot ETF. These factors could drive the XRP price down towards $2.5.

Bullish scenario: XRP Spot ETF approval, OCC approves U.S. charter bank license, increasing demand for XRP as a U.S. Treasury reserve asset, bipartisan support for the CLARITY Act ( or Ripple taking SWIFT's share in global remittance business. These factors could drive the XRP price to break through the historical high of $3.6606.

Although October remains a crucial month for XRP, cryptocurrency legislation, global macroeconomic developments, and Bitcoin price movement will continue to affect price movement. Bitcoin remains the barometer of the cryptocurrency market, determining the broader trends in the cryptocurrency market.

Bitcoin and Strategy Become the Focus

XRP fell as investors awaited the approval of the Spot ETF, while Strategy )MSTR( provided the much-needed boost for Bitcoin )BTC(.

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

"Strategy has acquired 4,048 BTC at a price of approximately $449.3 million, with each Bitcoin costing around $110,981, achieving a BTC yield of 25.7% year-to-date as of 2025. As of September 1, 2025, we hold 636,505 BTC, acquired at a price of approximately $46.95 billion, with each Bitcoin costing around $73,765."

Strategy ranks first on the Bitcoin 100 list (the companies holding the most BTC). This acquisition coincides with market speculation that Strategy may be included in the quarterly adjustment of the S&P 500 index on September 5 (Friday). The listing of Strategy could mean that ordinary investors can automatically gain BTC investment opportunities through index-linked products.

Institutional demand for Bitcoin )BTC( remains crucial to its price movement, highlighting the demand for spot ETF.

US BTC Spot ETF Fund Inflows Boost Market Sentiment

Meanwhile, the US BTC Spot ETF market reported a net inflow of $332.8 million on September 2 (Tuesday), boosting market sentiment. Excluding the inflows into BlackRock's )BLK( iShares Bitcoin Trust )IBIT(, the total inflow on September 3 (Wednesday) reached $10.7 million. According to Farside Investors, the main inflows include:

Grayscale Bitcoin Mini Trust )BTC( reports a net inflow of 28.8 million USD.

Fidelity Smart Origin Bitcoin Fund )FBTC( net inflow of 9.8 million USD.

At the same time, the ARK 21Shares Bitcoin ETF )ARKB( had a net outflow of 27.9 million dollars.

If the capital outflow of 749.2 million USD in August reverses, Bitcoin price may approach the historical high of 123,731 USD.

Although the inflow of funds for the second consecutive day may increase the demand for Bitcoin, investors still need to act cautiously before the release of key US economic data.

US Economic Indicators and Fed Focus

On September 4th (Thursday), the US ISM Services PMI index, ADP employment report, and weekly initial jobless claims are worth paying attention to. A significant rise in the Services PMI index and strong labor market data may suppress expectations of Fed interest rate cuts, thereby exerting pressure on Bitcoin prices. On the other hand, weak data may intensify speculation about multiple Fed rate cuts, thus boosting demand for risk assets.

Bitcoin Price Outlook: Focus on US Data, Fed, and Spot ETF

After rising 1.76% on Tuesday, on September 3 (Wednesday), the price of Bitcoin rose by 0.51%, closing at $111,758. Despite Bitcoin )BTC( rising for three consecutive trading days, it has failed to break through the key level of $115,000 for the eleventh consecutive trading day.

However, looking ahead, several key events could impact the recent price outlook. These events include:

Fed spokesperson: Hawkish or dovish

US Services and Labor Market Data: Weakening or Strengthening?

Legislative progress on Capitol Hill: The CLARITY Act ) — Yes or No

BTC Spot ETF fund flow

Potential Scenarios:

Bearish Scenario: Legislative hurdles, strong U.S. data, Fed's hawkish signals, or ETF fund outflows. The combination of these factors could push BTC towards the psychological support level of $100,000.

Bullish scenario: Bipartisan support for the CLARITY Act (, weakening U.S. data, dovish comments from the Fed, and ETF inflows. In this case, BTC may reach an all-time high of $123,731.

Key Market Drivers: Data, Regulation, and ETF Fund Flows

Traders should closely monitor the following key events to determine whether XRP and BTC will rebound:

XRP Spot ETF dynamics

Legislative Dynamics: The CLARITY Act )

U.S. Economic Data: Supports Rate Cuts or Lowers Fed's Shift Expectations

ETF market capital flow: The trend of capital flow is crucial for the supply and demand balance of BTC.

According to CoinGlass data, the total open interest for XRP contracts is 2.681 billion XRP, valued at 7.610 billion USD, which has decreased by 1.52% in the past 24 hours; the total open interest for BTC contracts is 722,600 BTC, valued at 80.542 billion USD, which has decreased by 1.32% in the past 24 hours.

Conclusion

The market movements of XRP and Bitcoin have both been profoundly influenced by macro factors in the short term. XRP has achieved significant legal victories, paving the way for its mainstream adoption, but the short-term price still needs to wait for catalysts like ETF to materialize. Bitcoin, on the other hand, has gained much-needed support from institutional and ETF funds, but its price direction will still be closely tied to the upcoming U.S. economic data and Fed policies. Investors should closely monitor these key drivers to assess the short-term trends and long-term direction of the market. (Source: FXEmpire)