XRP Weekly Newsletter #8

Hello. As we approach the end of August let’s look at the market and the price action we can expect in the autumn together with a short update on the reverse carry trade and the XRP Spot ETF’s.

XRP Monthly Chart: As you will see from the monthly chart below we want to see XRP close the month of August above $3 which will mean both the July and August monthly candles have closed above $3 which is a good sign and which should see the “resistance” level turned into the “support” level. We then should see a rally in price up to and beyond all time highs again. However, as we approach eclipse season in September with two significant eclipses we expect September to be another volatile month. If you didn’t know the markets are affected by esoteric events such as astrology as well as fundamentals such as events in the news and markets.

Reverse carry trade: The next Federal Open Market Committee (FOMC) meeting, where the Federal Reserve will decide on interest rates is scheduled for 16-17 September with the markets anticipating a reduction in interest rates, finally, from Jerome Powell. At the same time Japan failed to sell any bonds in their recent bond sale meaning they will have to put up interest rates which will squeeze the reverse carry trade further and make the unwinding closer to becoming a reality.

In case you want to remind yourself, here is Jake Claver’s video on what the reverse carry trade is and the “Domino Theory” he predicts will happen as a result.

XRP Spot ETF: In October the U.S. Securities and Exchange Commission (SEC) is reviewing multiple XRP spot ETF applications, with decision due in October. Following is a list of the applicants for a XRP Spot ETF with the decision dates:

Franklin Templeton: The SEC extended the review period, with a decision now expected by October 25, 2025.

• Grayscale: The decision deadline is set for October 18, 2025.

• 21Shares: A decision is anticipated by October 19, 2025.

• Bitwise: The SEC is expected to decide by October 20, 2025.

• Canary Capital: The decision is scheduled for October 24, 2025.

• WisdomTree: A decision is expected by October 25, 2025.

• CoinShares: The SEC’s decision is set for October 25, 2025.

Assuming we get the go-ahead from the SEC which to me seems inevitable then October will see a huge amount of liquidity pouring into XRP as the financial institutions that are offering the ETF’s buy up XRP. Also, we can expect BlackRock to throw their hat in the ring as well as they will not miss out on such a massive opportunity.

Do you remember this picture shared by Brad Garlinghouse and Stuart Alderoty (CEO and Chief Legal Officer of Ripple) following a meeting with Donald Trump at Mara Lago earlier this year? Notice the green candles in the background. Look at my chart again. Soon we will be seeing huge green candles. Those candles are not there by accident. No such thing as coincidence.

Add all these XRP events to the context of a crypto bull run and alt-season which hasn’t even got started yet then we’re in for one hell of a ride this autumn and winter.