In a significant development, Grayscale has made strides in its pursuit of a spot XRP exchange-traded fund (ETF), initiating the formal evaluation process by the U.S. Securities and Exchange Commission (SEC). The SEC’s recent action of publishing Grayscale’s 19b-4 filing in the Federal Register indicates that a ruling on the ETF application is expected by October 18, 2025. This raises the question: could this lead XRP’s price to skyrocket to a new high of $3.84?
What Steps Have Been Taken for XRP ETF Approval?
In the wake of the SEC approving a spot Bitcoin ETF, Grayscale is targeting similar products for other cryptocurrencies. However, it’s important to note that the SEC’s publication does not guarantee approval; it merely signifies the start of the decision-making process, as stated by journalist Eleanor Terrett from Fox Business.
How High Could XRP Prices Go If Approved?
While the SEC’s review period extends for 240 days, uncertainty looms regarding the approval of the spot XRP ETF. The ongoing lawsuit between Ripple and the SEC complicates matters, particularly regarding the classification of XRP as a security. Despite Ripple’s legal victories, the SEC’s stance could influence the ETF’s outcome.
- SEC’s approval of spot Bitcoin ETFs may bode well for XRP.
- A successful XRP ETF could attract institutional investments.
- XRP is currently priced at $2.66, with resistance levels around $2.75 to $2.80.
- Technical analysis suggests potential breakout levels at $3 and beyond.
With XRP trading at $2.66, analysts are watching closely. If the price manages to breach resistance levels, it could lead to significant upward momentum, potentially reaching all-time highs.
