Key Highlights
- Ripple is currently exchanging hands between $1.35 and $1.37, struggling beneath crucial $1.40 resistance
- Roundhill postponed its XRP Covered Call ETF launch until October 11, 2026
- A leveraged inverse 2x Short Daily XRP ETF received the same October 11 postponement
- XRP-focused ETFs manage $1.45 billion despite recording zero inflows on September 11
- Transaction volume on the XRP Ledger collapsed by more than 55%, sparking network usage concerns
Ripple’s native token is currently fluctuating in the $1.35 to $1.37 range during mid-September, unable to breach the $1.40 resistance barrier that continues blocking upward momentum. The digital asset has remained trapped within a consolidation pattern between $1.30 support and $1.40 resistance, showing no decisive movement in either direction.
Technical indicators reveal the daily RSI resting around 51.7, positioned beneath its signal average at 58.2. Examining the four-hour timeframe, the MACD line has recently crossed above its signal line, though both indicators remain in negative territory. This configuration suggests bearish momentum hasn’t completely dissipated.
Throughout August, XRP experienced an impressive rally, surging from approximately $1.00 to exceed $1.50, including a temporary spike approaching $1.70. However, the subsequent period has witnessed repeated failures to recapture the $1.45–$1.50 territory, with the chart displaying progressively lower local peaks.
Regulatory Filings Postponed Until October
Investment firm Roundhill has extended the effective date for its XRP Covered Call ETF until October 11, 2026. This financial product combines direct XRP holdings with an options-based income strategy, targeting investors seeking steady returns over speculative price appreciation.
Digital asset analyst Xaif Crypto weighed in on this development, highlighting that Roundhill’s postponement coincides with the Teucrium 2x Short Daily XRP ETF receiving an identical October 11 date. “Wall Street isn’t just buying XRP anymore, they’re building whole strategies around it,” the analyst wrote.
Listed Funds Trust similarly extended the Teucrium 2x Short Daily XRP ETF to the same October 11 timeline. This leveraged inverse instrument aims to deliver returns when XRP experiences daily price declines — representing a contrasting philosophy to Roundhill’s yield-focused approach.
These postponed effective dates shouldn’t be interpreted as rejections. Both financial instruments continue navigating regulatory approval processes, with market participants awaiting complete disclosure documentation before the anticipated October launch period.
Ledger Transaction Volume Collapses
Data from SoSoValue indicates XRP ETFs experienced zero net inflows on September 11. Combined assets under management across five exchange-traded products total $1.45 billion, representing 1.70% of XRP’s overall market capitalization. Bitwise currently dominates with $499.49 million in managed assets.
On-chain metrics for the XRP Ledger reveal a dramatic contraction in activity. Overall transaction count plummeted 55.6% to 1.2 million, while successfully processed transactions decreased 59.5% to approximately 970,200. The number of distinct active addresses declined 42.3% to 126,200.
The blockchain infrastructure continues operating without technical issues, maintaining a ledger closing interval near 3.84 seconds. The concerning element stems from diminishing user engagement rather than network functionality problems.
Critical support for XRP exists within the $1.33 to $1.36 corridor. Should this zone fail, the token could quickly test $1.28, followed by the $1.25–$1.28 moving average convergence area. Conversely, successfully reclaiming the $1.45 threshold would restore short-term bullish momentum.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
