XRP Surges Above $3.10 on ETF Optimism and EU Partnership

XRP climbed to $3.108 on September 13, 2025, driven by growing optimism over a U.S. ETF approval and Ripple’s new custody deal in Spain with BBVA. The token’s breakout above key resistance underscores renewed investor confidence.

The convergence of regulatory clarity and institutional adoption has reignited interest in XRP. With the SEC delaying Franklin Templeton’s XRP ETF review until November and market odds of approval soaring above 90%, traders are betting on an imminent flow of fresh capital. Concurrently, Ripple’s strategic expansion into Europe via BBVA custody services highlights real-world use cases for XRP, reinforcing its appeal as a bridge asset for cross-border payments.

ETF Optimism Builds

  • The SEC postponed its review of Franklin Templeton’s XRP ETF application to November 14, fueling speculation that approval is on the horizon.
  • Polymarket data assigns a 93% probability to an XRP ETF green light before year’s end, boosting bullish sentiment.

Strategic Partnership in Spain

  • Ripple inked a new custody agreement with BBVA, marking its first major institutional partnership in Spain and enhancing XRP’s utility in European markets.
  • BBVA’s involvement is expected to facilitate on-chain adoption among corporate clients seeking rapid, low-cost settlements.

Technical Breakout Signals Strength

  • XRP broke above its long-standing $3.02 trendline resistance, with support forming between $2.94 and $2.99 on the 4-hour chart.
  • The token’s price rose 2.15% from the previous day, reflecting strong buying momentum around the breakout threshold.

Institutional Interest on the Rise

  • Futures open interest in XRP reached $8.67 billion, with a long/short ratio above 2.9, indicating robust bullish positioning.
  • Technical analyst Matt Hughes projects Fibonacci extension targets as high as $26.63, suggesting potential for substantial upside following the current breakout.

Investors should monitor key support at $2.99 and resistance near $3.25. A sustained hold above these levels may validate further gains, while any reversal could see XRP retest its $2.92-$2.99 zone.