Latest news on XRP: Universal listing standards may trigger an ETF frenzy, with Vanguard stepping in to fill BlackRock's gap?

XRP rose 0.77% to $2.8 on Sunday, September 28, with the rebound momentum mainly driven by favourable information from the U.S. SEC approving the General Listing Standards (GLS) for commodity trust stocks, which is expected to significantly accelerate the approval process for XRP Spot ETF. Even more exciting, there are reports that Vanguard, the world's second-largest asset management company, is preparing to open access to encryption ETF on its brokerage platform, marking a significant reversal of its anti-encryption stance. With BlackRock yet to launch an XRP trust, Vanguard's entry could become a key variable in triggering a new wave of pump and major changes in market structure by filling the institutional funding gap.

Regulatory Breakthrough: Universal Listing Standards Accelerate XRP ETF Process

XRP rose by 0.77% to $2.8 on Sunday, September 28, ending the downward trend of the previous ten trading days. The core factor supporting this rebound is the positive progress of encryption spot ETF activities.

· GLS Approval: The most important event this month is the SEC's approval of the General Listing Standards (GLS) for commodity trust shares. This approval allows ETF issuers to list and trade encryption Spot ETFs under the GLS framework without undergoing the typically lengthy 240-day review process by the SEC.

· Market Potential: The launch of the first US XRP Spot ETF, along with the emergence of index-based encryption Spot ETFs and the approval of GLS, marks a significant shift in the market potential for XRP. This series of developments opens new investor channels for XRP and the broader encryption market.

Vanguard Position U-Shaped Rebound: Filling the Void of Institutional Giants

On Friday (September 26), the news reported by Crypto America's host and journalist Eleanor Terrett undoubtedly injected new excitement into the ETF market.

· Vanguard Plan: She cited sources familiar with the matter saying, “The world's second-largest asset management company Vanguard is preparing to allow access to cryptocurrency ETFs on its brokerage platform.”

· Historic Change: Vanguard announced in 2024 that it would not offer its clients Bitcoin Spot ETF, causing a stir when mainstream giants like BlackRock (BLK) entered the market. Bloomberg Intelligence Senior ETF Analyst Eric Balchunas predicted that Vanguard would change its anti-encryption policy that year.

· Chaser posture: Two years later, Vanguard's sudden interest in the digital asset space reflects its clients' demands and confirms the tremendous success that BlackRock has achieved in the encryption spot sector. If Vanguard opens access to encryption ETFs, it is likely to consider launching an XRP spot ETF, especially if BlackRock delays the launch of the iShares XRP Trust. Vanguard is expected to leverage this opportunity to compete for market share.

Market comparison: Only BlackRock's iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA) have accumulated a net inflow of 74.22 billion dollars. Fidelity's Bitcoin and Ethereum Spot ETF has accumulated 14.46 billion dollars in inflow, ranking second. Vanguard's entry undoubtedly aims at this huge institutional capital gap.

Price Action and Technical Outlook: Breakthrough or Dip Before October

XRP rose 1.51% on September 26, closing at 2.7867 USD, following the market (which rose 1.55% on the same day) towards key resistance levels. Traders are closely monitoring the following key technical levels:

· Key support levels: 2.7 dollars and 2.5 dollars.

· Key resistance levels: $3, $3.2, $3.335, and historical high of $3.66.

Key events driving prices recently: XRP ETF demand, Spot ETF approval/delay, positions of BlackRock and Vanguard, blue-chip companies adopting XRP as a financial reserve asset, Ripple's application for a US chartered banking license, as well as SWIFT news and progress on the Market Structure Bill.

Bearish Scenario:

If GDLC, BITW, and XRPR ETFs report weak capital inflows or outflows, BlackRock and Vanguard downplay the XRP Spot ETF plans, the SEC rejects the XRP Spot ETF application, and Ripple's banking license is delayed or denied, these negative events could push XRP towards $2.7. If it falls below this support, the next key support level will be $2.5.

bullish scenario:

If BITW, GDLC, and XRPR report strong inflows, and BlackRock and Vanguard submit XRP Spot ETF applications that are approved by the SEC, along with blue-chip companies adopting XRP as a treasury reserve asset, and Ripple obtaining a U.S. charter bank license, these will be strong catalysts. These events could push XRP above $2.8, with $3 as the next key target. If it can consistently break through $3, it is expected to look towards $3.2.

Conclusion

The SEC's approval of GLS has laid the regulatory foundation for the large-scale listing of XRP Spot ETFs, while Vanguard's sudden shift toward the encryption ETF market has injected significant institutional imagination into XRP. Although there are currently 7 XRP Spot ETFs awaiting SEC approval, the final decisions of these two giants, BlackRock and Vanguard, could trigger FOMO (fear of missing out) among retail and institutional investors, becoming key to reshaping XRP's valuation and the landscape of the encryption market. The market will focus on October, waiting for the final settlement of these institutional and regulatory milestones.

Disclaimer: This article is for informational purposes only and does not constitute any investment advice. The encryption market is highly volatile, and investors should make decisions cautiously.