Recently, the XRP market has attracted significant attention. Its potential upward momentum comes not only from technical aspects and capital flows but also from deeper fundamental factors that could become the key to triggering market movements.

First, the approval expectations for the spot XRP ETF have become the market focus. October of this year will be a critical time window, as the decisions made by regulators will directly affect the future trend of XRP. If the ETF is approved, it will provide a significant channel for traditional financial institutions to enter the XRP market. This could trigger a significant market reaction similar to that seen after the approval of the Bitcoin ETF, becoming a potentially major positive factor for XRP.

Secondly, the continuous development of the XRPL ecosystem is also worth noting. The recently launched liquidity staking token mXRP is one example. In addition, XRPL is exploring new application scenarios with multiple financial institutions. Although these developments may not be as eye-catching as ETF news, they are significantly enhancing the practicality of the XRP network, gradually consolidating its long-term value and accumulating momentum for future price increases.

From a technical perspective, the range of 2.785-2.815 may be a potential buying opportunity, with a target price around 2.910. However, investors should proceed with caution and consider multiple factors before making a decision.