Ripple’s native XRP token has printed subsequent hourly green candles this Monday, right after the Securities and Exchange Commission (SEC) moved to scrape all exchange-traded fund (ETF) linked delays.
This comes just a few weeks after the SEC approved generic ETF listing rules for digital assets, paving the way for quicker & more comprehensive adoption of crypto in traditionally-regulated stock markets.
Big News For XRP Ahead Of All-Time High Retest
Ultimately, this hints at all 11 crypto ETF decisions tracking Ripple coin’s price on Spot markets to get a decision by late October or early November at the latest. As the news hit, XRP’s price managed to recoup $2.88, but the $3 confluent resistance area is yet to be reached.
Propelled by the generic listing standards, this short-term rebound aligns with the paint picture painted by Bloomberg’s ETF analysts, placing 95% odds of a Ripple-based ETF to hit the markets after late 2025 approval.
Market connoisseurs are also closely monitoring SEC’s chances of approving an Ethereum (ETH) staking product as an ETF, which would plausibly boost the odds of other altcoin ETF legislation as well.
While XRP’s price is still trading a distance below the all-time peak of $3.65, the SEC’s willingness to accept another altcoin ETF outside of Ethereum (ETH) will play a pivotal role in the OG altcoin’s attempt at a new all-time high (ATH).
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The price surge stems from the SEC reportedly dropping all ETF delay notices, a move that boosts investor confidence and aligns with recent XRP price predictions, pushing it closer to the $3 mark from its current $2.88 price.
It signals potential approval of XRP ETFs, which could attract institutional investment, driving demand and supporting the price increase, as hinted by analysts tracking SEC decisions in 2025.
With the SEC’s action, XRP is already at $2.88 & could dip or climb based on market reaction. Analysts suggest $3 is achievable short-term if ETF momentum holds, per recent XRP price analyses.
Watch for trading volume, ETF approval timelines, and global crypto trends. The favorable SEC ruling could push XRP’s price past $3, while sell-offs might pull it back.
Research current market conditions, as XRP’s price fluctuates. The ETF buzz is promising, but risks remain—consider consulting a financial advisor before jumping in!