XRP is trading near $1.51 after falling about 5% in a week, with $1.45 and $1.55-$1.56 marking the key levels traders are watching. Rumors that BlackRock could file for a spot XRP ETF have resurfaced, but the asset manager has confirmed no such plan.
XRP is testing a pivotal support area near $1.50 after falling about 5% in a week, while rumors resurface that BlackRock could enter the spot ETF market. The token remains about 59% below its $3.65 all-time high from July 2025. The immediate question is whether a break below $1.45 or a recovery above $1.55-$1.56 confirms where the price goes next.
XRP $1.50 pivot puts $1.45 and $1.56 in focus
CoinGecko's historical data records a UTC close of $1.49 on September 29 and $1.50 on September 28, following a decline from $1.57 on September 25. The market is testing the area identified as immediate support rather than confirming it has failed. A move back above $1.55-$1.56 would offer stronger evidence that buyers have absorbed supply than a brief bounce from the pivot, while a break below $1.45 would mark a deeper failure point.
BlackRock filing remains speculation
Canary Capital CEO Steven McClurg speculated in January 2026 that BlackRock might file for an XRP ETF by late 2026 or early 2027. BlackRock has confirmed no such timetable, and no application or launch has been confirmed. Robbie Mitchnick, BlackRock's head of digital assets, has named client demand, market value, liquidity, maturity, and portfolio fit as considerations for a crypto ETF launch, with client demand the leading criterion.
The fee math also gives BlackRock a reason to wait. Seven existing U.S. spot XRP ETFs held about $1.77 billion in assets and roughly 1.18 billion XRP, or 1.9% of the circulating supply, with contributions rising by approximately $76 million in the preceding week. At a typical 0.25% annual fee, that combined asset base would produce about $4.4 million in annual fees across all seven issuers, before those revenues are split among them.
BlackRock's separate relationship with Ripple does not change that picture. The asset manager accepts Ripple's RLUSD stablecoin as collateral for its tokenized Treasury fund, BUIDL, but RLUSD is not XRP, and that arrangement is not evidence of a spot XRP fund. Until a confirmed filing or a decisive move out of the $1.45-$1.56 range appears, the trade is defined more by XRP's support and resistance than by BlackRock rumors.
Source: Cryptonews
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