XRP Today News: Government shutdown blocks ETF, can The Federal Reserve (FED) lower interest rates to save $3?

The U.S. government shutdown delays the approval of the XRP Spot ETF, causing XRP to fall from $3.10 to $2.83, a weekly drop of 3.32%, underperforming BTC and ETH. The Federal Reserve has a 94% chance of cutting interest rates in October, and the September meeting minutes hint at multiple rate cuts by the end of the year. Can it counter the unfavourable information from the ETF delay? Nasdaq's second company bought $17 million worth of XRP as national treasury assets, making the battle for $3 a key factor for success or failure. This article analyzes today's news on XRP and price predictions.

Fed rate cut expectations vs government shutdown: XRP caught in dilemma

The market is betting that the Federal Reserve will cut interest rates, but the deadlock in the Senate could overturn these expectations.

The minutes of the September FOMC meeting suggest multiple rate cuts, which will boost XRP and the broader cryptocurrency market. According to the September meeting minutes: "Most believe that further easing of policy may be appropriate for the remainder of the year."

According to the Federal Reserve (FED) observation tool of the Chicago Mercantile Exchange (CME):

25 basis point rate cut in October: from 95.1% on October 7 to 94.1% on October 8

The probability of a 25 basis point rate cut in December: decreased from 82.0% to 80.1%

XRP's reaction to interest rate cuts: When the Federal Reserve (FED) cut interest rates by 25 basis points on September 17, XRP rose by 1.55%.

However, the meeting minutes indicate that the labor market and inflation risk trends are diverging, highlighting the uncertainty of the Federal Reserve's interest rate path:

Employment and labor market risks: leaning towards downside

Inflation risk: skewed to the upside

U.S. government shutdown slows ETF approvals

Despite the market continuing to bet that the Federal Reserve will cut interest rates multiple times, the U.S. government shutdown is expected to delay the launch of the XRP Spot ETF. The deadlock in the U.S. Senate is still ongoing, with the sixth vote failing to reach the 60 votes needed to pass the temporary funding bill.

Impact of the shutdown:

Latency in economic data release: exacerbating the uncertainty of The Federal Reserve (FED) policy outlook.

Delay in ETF approval: The launch time of the XRP Spot ETF has been postponed.

Price Impact: XRP fell from $3.1027 on October 2 to $2.8335 on October 8.

XRP underperforming: Lack of ETF capital inflow is a fatal blow

Due to the lack of XRP Spot ETF, the performance of this token lags behind Bitcoin (BTC) and Ethereum (ETH), both of which benefit from strong demand from institutional investors.

This set of data clearly shows that institutional capital inflow is the key factor driving the performance of cryptocurrencies. BTC and ETH have secured billions of dollars in funding through ETF channels, while XRP has missed this opportunity due to the government shutdown.

Institution Adopts New Development: Nasdaq's Second Company Buys XRP

Despite the latency of the ETF, interest in XRP as a treasury reserve asset is growing, which could be another source of institutional demand.

· Reliance Group joins the XRP camp

The Fidelity Group has become the second Nasdaq-listed company to choose XRP as a treasury reserve asset. Cryptocurrency lawyer Bill Morgan shared the press release and pointed out:

"The Fidelity Group has globally added XRP to its digital asset portfolio. Rumors suggest that XRP is valued at 17 million USD. The announcement submitted to the U.S. Securities and Exchange Commission (SEC) on September 30, 2025, disclosed that the company has added XRP to its existing inventory, which includes Bitcoin, Ethereum, and Cardano."

The advantages of XRP emphasized by the XINSHI GROUP:

1. Speed

2. Low cost

3. Liquidity

4. Bank Utility

5. Scalability

6. Energy Efficiency

It is worth noting that Reliance Group is not the Indian conglomerate, Reliance Industries, which is the 76th largest company in the world, limiting the impact of this news on XRP demand. However, this aligns with the growing trend of publicly listed companies adopting XRP to diversify their balance sheets.

· VivoPower's $121 million XRP strategy

Earlier this month, Nasdaq-listed VivoPower International Plc. (VVPR) announced plans to launch an XRP-focused digital asset financial strategy using approximately $121 million in proceeds raised from private equity.

These developments show that despite the latency in ETF approvals, institutional interest in XRP is increasing, which may become a long-term factor for price support.

XRP Price Prediction: The Battle to Defend $3 and Bullish-Bearish Scenarios

(Source: Trading View)

On October 8, XRP rose by 0.91%, partially reversing the previous day's fall of 4.56%, closing at $2.8804. The token's performance lagged behind the broader market, which rose by 1.62%, but it still hovered around the psychological barrier of $3.

Key technical level

Support Level:

First support: 2.8 USD

Second support: 2.5 USD

Resistance Level:

First resistance: 3.0 USD (psychological barrier)

Second resistance: 3.1 USD

Third resistance: 3.3 USD

Ultimate goal: $3.66 (all-time high)

Bullish Scenario: Breakthrough 3 USD towards 3.66 USD

The following events may drive XRP up:

1. Political and Regulatory Catalysts

· The U.S. Senate passed a temporary funding bill

· The U.S. Securities and Exchange Commission (SEC) approved the XRP Spot ETF

· BlackRock submitted S-1 filing for iShares XRP Trust

· Ripple has obtained a charter banking license in the United States.

· The Senate passed the market structure bill

2. Market and Institutional Demand:

· BITW, GDLC, and XRPR report strong demand

· Blue-chip companies buy XRP for financial purposes

· More payment platforms integrate Ripple technology

· SWIFT is losing market share in the global remittance business.

3. The Federal Reserve (FED) policy:

· The Federal Reserve (FED) spokesperson supports multiple rate cuts in the fourth quarter

Price targets: Breakthrough $3 → $3.1 → $3.3 → $3.66 historical high

Bearish scenario: Losing 2.8 USD and probing 2.5 USD

The following events may suppress XRP:

1、Political and Regulatory Risks:

· The U.S. government shutdown is extended, delaying the approval of the XRP Spot ETF.

· Lawmakers have delayed cryptocurrency-friendly regulations (such as market structure legislation)

· OCC delays or denies Ripple's US banking charter.

· BlackRock tones down XRP Spot ETF plans

2. Weakening Market Demand:

· GDLC, BITW, and XRPR ETF report fund outflows

· Blue chip companies are not interested in XRP as a treasury reserve asset.

· SWIFT retains global remittance market share and limits Ripple's market access.

Price target: fall below $2.8 → test support at $2.5

Key Today: U.S. Senate Vote Determines Short-Term Direction

On October 9th (Thursday), the focus will still be on the U.S. Senate. The passage of the temporary financing bill may intensify expectations for the upcoming XRP Spot ETF. The optimistic sentiment for strong demand for the XRP Spot ETF may push it past the psychological barrier of 3 dollars.

Key Events Today:

U.S. Senate Vote: Will the Temporary Funding Bill Pass?

Federal Reserve spokesperson: Will there be support for multiple rate cuts in the fourth quarter?

XRP ETF Update: Latest News on Delays or Launches

BlackRock Dynamics: iShares XRP Trust Position

The support rate for multiple rate cuts by the Federal Reserve (FED) in the fourth quarter continues to rise, which may improve market sentiment. On the other hand, concerns about rising inflation may suppress XRP demand.

Analysts will closely monitor how regulatory risks will affect the price prospects of XRP in the coming weeks. However, if there is further latency, the comments from Federal Reserve (FED) officials will influence the short-term trend.