XRP (XRP) is witnessing a surge in investor optimism after the U.S. Securities and Exchange Commission (SEC) officially posted Grayscale’s XRP exchange-traded fund (ETF) application to the Federal Register. This move kicks off a 240-day review period, where the SEC will determine whether to approve or reject the filing.
Grayscale’s XRP ETF Filing Under SEC Review
The SEC’s review process for Grayscale’s XRP ETF is now in motion, with an initial 21-day public comment period allowing stakeholders to weigh in. The agency will evaluate factors such as market risks, investor protection, and compliance with securities laws before making a final decision by October 18, 2025.
A key factor influencing the SEC’s decision is XRP’s legal classification, especially given the ongoing Ripple vs SEC lawsuit. The SEC has historically been cautious with altcoin ETFs, citing potential risks of market manipulation.
XRP Price Targets $3 Resistance – Bullish Momentum Builds
Following the ETF announcement, XRP has gained upward momentum, with traders watching key resistance levels at $2.77 and $3.00. Some analysts believe that breaking past $3.00 could signal a major rally, potentially pushing XRP toward a new all-time high (ATH).
Crypto analyst CasiTrades recently shared that XRP is still in a corrective channel, aligning with Wave 4 price action before a potential surge. Another trader, Dark Defender, also suggested that XRP could soon breach $2.77 before testing the $3.00 level.
Additionally, speculation is growing about institutional adoption of XRP. Reports suggest that Bank of America may be utilizing XRP for internal transactions, though there has been no official confirmation.
US SEC’s Stance on Crypto Regulation & XRP ETF Approval Odds
The SEC is currently reviewing multiple XRP ETF applications, including those from CoinShares, Canary, and WisdomTree, submitted via Nasdaq and Cboe BZX.
Interestingly, regulatory scrutiny on crypto firms may be softening, as seen with the temporary pause of the Binance lawsuit. This shift has fueled investor confidence that Ripple may benefit, further boosting XRP’s price potential.
Additionally, the betting market Polymarket has increased XRP ETF approval odds to 81%, signaling strong institutional interest. Brazil recently became the first country to approve an XRP spot ETF, which could set a precedent for U.S. regulatory approval.
Can XRP Sustain Its Momentum?
Despite bullish sentiment, some analysts urge caution. Jackson Denka, CEO of Azura, warns that XRP has historically seen rapid price spikes followed by sharp corrections.
“Until we see real adoption and actual blockchain progress, sustaining this price surge will be difficult,” Denka noted.
With XRP’s ETF approval pending and increasing institutional interest, all eyes are on SEC’s next move and XRP’s ability to break key resistance levels.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile—always conduct your own research before making investment decisions.
