The price of XRP is gaining momentum as the US Securities and Stock Exchange Committee (SEC) has officially published the Grayscale XRP (ETF) XRP (ETF) to the Federal Registry.
This step represents the beginning of a 240 -day review period, during which the agency decides to approve or reject the request.
Deposit XRP ETF for Grayscale under SEC Review
SEC The review process For the proposed XRP ETF for GrayScale, it officially started after it was published on the federal registry. The agency has now until October 18, 2025, to make a decision. The operation includes a 21 -day year suspension, allowing stakeholders to make notes.
After that, SEC will analyze the proposal, evaluate the market risks, protect investors and comply with the laws of securities.
The legal classification of XRP remains a major factor in ETF approval amid speculation to stop a lawsuit against SEC. SEC has already sued Ripple Labs about whether XRP should be classified as safety, and the case remains unleashed. The organizer was generally more cautious with Altcoin Etfs compared to Bitcoin, citing concerns about market manipulation.
XRP price to breach $ 3 resistance
The price of XRP has positively interacted with ETF developments, as traders expect a possible outbreak. The code currently evaluates key resistance levels, as analysts monitor a step exceeding $ 3.00. Some believe that the cleansing of this level can indicate a greater gathering.
Crypting merchants shared visions about the XRP price movement. “XRP continues to stick within a corrective channel, which is a typical of wave 4”, Casitrades has been posted on X with a loom width on the horizon at all. Another dealer, Dark Defender, suggested that the price of XRP could move about $ 2.77 before testing $ 3.
Market morale was also affected by speculation about major financial institutions using XRP for transactions. Reports indicate that Bank of America may benefit from XRP for internal payments, although no official confirmation is submitted.
US position SEC on encryption organization
SEC reviews multiple XRP ETF applications along with Grayscale. On February 19, the agency admitted requests from Coinshares, Canary and Wisdomtree. These requests were submitted by an exchange like Nasdaq and CBOE BZX.
SEC approach to encryption regulation has been scrutinized in recent months. Under the current administration, the agency temporarily suspended the lawsuit against Binance, prompting some analysts to believe that the regulatory pressure on encryption companies may reduce. Thus, investors hope this shift will work for Ripple, which may boost the price of a new XRP.
The administration of President Donald Trump has been seen as more suitable for encryption, and his last social media has fueled optimism. An article discussed the Ripple Labs expansion in the United States, which indicated that XRP witnessed a rise in prices after the 2024 presidential election.
XRP ETF approval possibilities
ETF XRP approval chances on polymarket increased, as the probability of betting currently reached 81 %. Meanwhile, Brazil has recently become the first country to agree on ETF Spot Spot, which increases the increasing demand for institutional investment in assets that may pay the price of a new XRP to ATH.
Despite optimism, some analysts urge caution. The CEO of Azura Jackson Denka has noticed that XRP has historically witnessed rapid prices, followed by severe declines.
Denica said: “Until we see a real adoption and the actual progress of Blockchain, it is difficult to make the claim that this price is sustainable,” Denica said.
Kelvin Monin Murithi
Kelvin is a distinguished writer who has experience in encryption and financing, holding a Bachelor’s degree in Actura Sciences. It is famous for its careful analysis and insightful content.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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