XRP under pressure at $1.37, ETF release delayed until October

Core Highlights

• Regulatory approval timetable extended to autumn
• XRP ledger usage has dropped significantly
• XRP currently has a trading range of US$1.35-US$1.37, Failed to break through the key US$1.40 resistance level
• Roundhill's XRP covered call options ETF postponed until October 11, 2026.
• Teucrium's double short daily XRP ETF has also been postponed until October 11.
• XRP ETF products have total assets under management of US$1.45 billion. No net inflow was recorded on September 11
• XRP ledger online transaction volume plummeted by more than 55%, indicating a decline in user engagement

XRP prices are consolidating, and technical indicators are divided

As of mid-September, XRP continued to be trapped in a narrow trading corridor of $1.35 to $1.37, struggling to overcome the stubborn $1.40 resistance ceiling, which has repeatedly rejected its attempts to rise. The digital asset continues to fluctuate within the established range, with $1.30 as the bottom of support and $1.40 as the ceiling boundary, leaving traders lacking clear directional direction. The technical side paints a mixed picture. The relative strength index (RSI) on the daily chart is around 51.7, below its signal average of 58.2. Meanwhile, on the four-hour chart, the MACD line recently crossed its signal line, although both indicators remain in negative territory. This configuration suggests that selling pressure has not completely dissipated. In August, XRP launched an impressive rally, soaring from $1.00 to above $1.50, briefly touching $1.70. However, since reaching these highs, cryptocurrencies have repeatedly failed to recover the $1.45 - 1.50 region and have formed gradually decreasing highs in recent transactions. Market analysts pointed out that prices are trapped between the yellow support line and the orange resistance line, and once a breakthrough is confirmed, the explosion phase will be unlocked. If you hold the US$1.33 - 1.29 range, you are expected to move towards the US$10.11 - 18.22 target; conversely, if you fall below key support, the risk cannot be ignored.

Regulatory approval timetable extended to autumn

Roundhill Investments has extended the launch schedule of its XRP Covered Call Options ETF to October 11, 2026. The investment vehicle is designed to combine direct XRP exposure with a covered call option framework and is designed to generate periodic returns, targeting investors seeking to profit from yield generation rather than speculative price increases. Cryptocurrency market observer Xaif Crypto commented on the postponement, emphasizing that Roundhill's new timetable coincides with Teucrium's target date to double short daily XRP ETFs. "Wall Street is no longer just buying XRP, they are building the entire strategy system around it." The analyst wrote. At the same time, the Listed Funds Trust also postponed the effectiveness of Teucrium's double short of daily XRP ETFs to the same date (October 11). The leveraged product takes reverse positions and is designed to be profitable when XRP experiences daily price declines-in sharp reverse contrast to Roundhill's revenue-focused strategy. It should be noted that these extensions should not be interpreted as regulatory refusals. The two financial products are still under review and are progressing in accordance with standard compliance procedures, with market participants expected to complete final documentation before the October target window.

XRP ledger usage dropped significantly

SoSoValue's data showed no net capital inflows to XRP exchange-traded funds on Sept. 11. The five currently listed XRP ETF products collectively manage assets totaling $1.45 billion, or 1.70% of XRP's total market cap. Bitwise dominates with $499.49 million in assets under management. Although there were reports this week that the XRP ETF achieved a net inflow of $18.98 million, overall, the flow of funds is complicated. Activity indicators on the XRP ledger reveal worrying signs of contraction. Overall transaction volume fell 55.6% to 1.2 million operations, while confirmed successful transactions fell 59.5% to approximately 970,200. The number of independently active addresses fell 42.3% to 126,200 participants. Despite the decline in usage, the underlying blockchain infrastructure continues to operate normally without technical problems, and the ledger closure time remains at approximately 3.84 seconds. This weakness is mainly concentrated in participant engagement rather than network capabilities or performance. Key price support for XRP is located in the $1.33 to $1.36 corridor. A continued break below this area could expose the next support level of $1.28, followed by a convergence area of the moving average of $1.25 - 1.28. On the contrary, if $1.45 can be successfully recovered, it indicates that the short-term momentum has shifted in favor of the buyer.