XRP Price Faces Key Resistance as BlackRock Rumors Resurface

XRP is trading around $1.51 after losing roughly 5% over the past week, as speculation about a potential BlackRock spot XRP ETF has resurfaced. The key question is whether demand for existing XRP investment products has grown enough to support another major issuer entering the market while XRP approaches an important support zone.

In the short term, traders are watching $1.45 as downside support and the $1.55-$1.56 area as the key upside threshold. XRP’s next move will depend on whether the price confirms a breakout or breakdown. The token remains roughly 59% below its July 2025 all-time high of $3.65.

Seven other U.S. spot XRP ETFs collectively held around $1.77 billion in assets and roughly 1.18 billion XRP, equivalent to about 1.9% of the circulating supply. After accounting for withdrawals, the funds had received approximately $1.79 billion in investments, with contributions increasing by about $76 million during the previous week.

The potential revenue from the market could also influence BlackRock’s decision. Assuming a typical annual fee of 0.25%, $1.77 billion in combined assets would generate approximately $4.4 million in yearly fees across the seven issuers before the revenue is distributed among them. A new fund could attempt to attract investors with a lower fee, but that would reduce the already limited revenue pool compared with the scale of BlackRock’s broader ETF operations.

Robbie Mitchnick, BlackRock’s head of digital assets, has previously pointed to client demand, market value, liquidity, market maturity and portfolio suitability when discussing potential crypto ETF launches. Client demand has been identified as the most important factor. Even if BlackRock were to submit a registration statement, that would only establish the fund application and would not guarantee immediate XRP purchases. Spot ETFs generally acquire the underlying asset as investor capital flows into the funds.

The available price data places XRP in the $1.49-$1.50 range. CoinGecko’s historical records show a UTC close of $1.49 on September 29 and $1.50 on September 28. Those figures are historical reference points rather than current market quotes. The price is testing the support zone highlighted in the report, but the data does not yet confirm that the level has broken.

The $1.50 area currently represents the key pivot, while $1.45 would signal a deeper breakdown under the short-term framework. A sustained move above $1.55-$1.56 would provide stronger evidence of buying pressure than a temporary rebound from the $1.50 region.

The available information does not include moving-average or on-chain indicators, so broader technical conclusions cannot be established from the current data alone.

The move from $1.57 on September 25 to a $1.49 UTC close on September 29 provides additional context for the support test. The decline came after a sharp retreat from the earlier price level rather than a gradual slide around $1.50. Still, that move alone does not determine whether the support zone will hold.

For now, XRP’s actual price reaction around the key levels is more significant than the speculation surrounding BlackRock.

Canary Capital CEO Steven McClurg suggested in January 2026 that BlackRock could potentially file for an XRP ETF by late 2026 or early 2027. BlackRock has not confirmed such a timeline, and the primary report states that neither an application nor a launch has been confirmed. A BlackRock XRP ETF therefore remains a possibility rather than an event that has been formally scheduled.

BlackRock’s existing relationship with Ripple also does not confirm an XRP ETF. The asset manager accepts Ripple’s RLUSD stablecoin as collateral for BUIDL, its tokenized Treasury fund. RLUSD and XRP are separate assets, and the collateral arrangement does not establish that BlackRock plans to launch a spot XRP ETF.

Until there is a confirmed filing or other concrete development, XRP’s immediate market structure remains centered on the $1.45-$1.56 range. Existing ETF demand can be measured, but its current size and potential fee revenue do not establish that BlackRock will enter the market. The next significant confirmation would come from either an official ETF filing or a decisive move outside the current support and resistance range.

About The Author

ctleditor

See author's posts