07.09.2025 22:00
Here's a reimagining of the news report, focusing on the essential details and using varied sentence structures and vocabulary, omitting site attribution:
**Ripple (XRP) Eyes $3 as Community Anticipates October 18th ETF Approvals**
On Sunday, September 7th, XRP witnessed a notable surge, climbing by 3% and surpassing the $2.9 threshold. This performance placed it second only to Dogecoin (DOGE) amongst the top 10 cryptocurrencies in terms of intraday gains. The surge has ignited widespread speculation, fueled by the impending Securities and Exchange Commission (SEC) deadlines for XRP Exchange Traded Fund (ETF) applications, specifically slated between October 18th and October 25th.
Intriguingly, despite diminished spot market volume, futures market activity corroborates a surge in leveraged demand as the driving force behind XRP's recent price movement. This divergence is a key point for understanding the market dynamics.
The weekend's gains, echoing throughout numerous online communities, are widely attributed to escalating anticipation surrounding the upcoming SEC decisions regarding cryptocurrency ETFs. One prominent analyst, AlphaTrades, highlighted crucial deadline dates for XRP ETF filings from several asset managers, all falling within a narrow seven-day window commencing October 18th. A graphic provided by the analyst illustrates these crucial dates, underscoring the community's focus on these pending approvals.
While XRP's price experienced a 3% increase on Sunday, data from CoinMarketCap reveals a concurrent 10% dip in trading volume over the same 24-hour period. This unusual scenario strongly suggests that the primary impetus for the price rise originated from speculation related to prospective future developments, rather than immediate spot market buying pressure.
Further solidifying this analysis, Coinglass' derivatives data reveals a 17% increase in XRP futures trading volume, accompanied by a parallel rise in open interest, a metric that monitors the value of new derivative positions. This suggests a robust influx of capital into leveraged positions, further reinforcing the idea that speculative demand is presently steering XRP's price trajectory.
