XRP Price Tests Key Levels as BlackRock ETF Speculation Resurfaces

XRP is trading near $1.51 following a 5% weekly decline, as rumors regarding a BlackRock spot XRP ETF gain traction. The immediate market tension centers on whether existing funds have attracted sufficient demand to justify BlackRock’s entry as the token tests a pivotal support area.

Near-term decision points are set at $1.45 on the downside and $1.55–$1.56 on the upside. Consequently, the XRP price outlook depends on price confirmation. The token remains approximately 59% below its all-time high of $3.65 recorded in July 2025.

Seven other U.S. spot XRP ETFs currently hold approximately $1.77 billion in assets and roughly 1.18 billion XRP, representing 1.9% of the circulating supply. These funds have attracted about $1.79 billion in investment after accounting for withdrawals, with contributions rising by approximately $76 million in the preceding week.

The fee structure also provides BlackRock with a reason to wait. At a typical annual fee of 0.25%, the $1.77 billion in combined assets would generate approximately $4.4 million in annual fees across all seven issuers before revenue is divided among them. A new entrant could compete by charging lower fees, but this would further reduce the revenue available from a market that remains modest compared to the scale of BlackRock’s existing ETF business.

Robbie Mitchnick, BlackRock’s head of digital assets, identified client demand, market value, liquidity, maturity, and portfolio fit as key considerations for a crypto ETF launch, with client demand being the primary criterion. While a registration statement establishes an application, even a filed fund does not guarantee immediate XRP purchases, as spot funds acquire coins as investor capital enters.

XRP $1.50 Price Pivot Puts $1.45 and $1.56 in Focus

XRP is currently trading in the $1.49–$1.50 range. CoinGecko’s historical data records a UTC close of $1.49 on September 29 and $1.50 on September 28; these dated closes serve as reference points rather than live quotes. The market is testing the area identified as immediate support rather than confirming a failure.

$1.50 is the level currently being tested, while $1.45 marks a deeper failure point in the short-term framework. A move back above $1.55–$1.56 would provide stronger evidence that buyers have absorbed supply compared to a brief bounce from the pivot.

Related analysis of XRP’s price levels and market risks can add context, but the current evidence does not include moving-average or on-chain readings that would support more elaborate technical claims.

The decline from $1.57 on September 25 to $1.49 at the September 29 UTC close provides context for the support test: the pullback followed a sharp retreat from an earlier snapshot rather than a slow drift around $1.50. This does not, by itself, establish whether the area will hold.

Ultimately, price response around the pivot and the two nearby thresholds matters more than the narrative attached to them.

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 the primary report states that no application or launch has been confirmed. The BlackRock XRP ETF remains a market possibility, not a known event to be priced as if it were imminent.

Canary Capital CEO Steven McClurg predicts BlackRock could file for $XRP or Solana ETFs by late 2026-2027

XRP and Solana could be next in line for the spot ETF treatment … pic.twitter.com/okqLkZcyOA

— Xaif Crypto (@Xaif_Crypto) January 28, 2026

BlackRock’s separate relationship with Ripple does not alter this assessment. The asset manager accepts Ripple’s RLUSD stablecoin as collateral for its tokenized Treasury fund, BUIDL, but RLUSD is not XRP, and this arrangement is not evidence of a spot XRP fund. Conflating the two would turn a distinct business relationship into an unsupported ETF signal.

Until either development appears, the trade is defined more clearly by XRP’s support and resistance levels than by BlackRock rumors. Existing ETF demand is measurable, but its scale and estimated fee pool do not yet establish that the world’s largest asset manager will enter. The next evidence will be either a confirmed filing or a decisive move out of the $1.45–$1.56 range.

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