XRP Price Trapped as ETF Launches Delayed Until October 11
XRP is currently trading within a narrow range of $1.35-$1.37, struggling to break through the $1.40 resistance level.
The digital asset's price action has been confined to this corridor since mid-September, with $1.30 acting as a floor and $1.40 serving as the upper boundary.
Roundhill's XRP Covered Call ETF launch was postponed until October 11, 2026, along with Teucrium's 2x Short Daily XRP ETF, which also targets the same date for its release.
Xaif Crypto weighed in on the delay, stating that Roundhill's revised timeline coincides with Teucrium's target date and suggesting that Wall Street is building strategies around XRP.
Network transactions on XRP Ledger plummeted more than 55% in recent sessions, indicating declining user engagement. However, the underlying blockchain infrastructure continues to function without technical issues.