XRP News Update: XRP ETF Momentum and SEC Deadline Fuel Institutional Optimism
- XRP rose to $2.64 as institutional demand for XRP-based ETFs surged, driven by speculation around potential SEC approvals and bullish technical indicators. - Seven U.S. spot XRP ETF applications await SEC decisions (Oct 18-Nov 14), with Polymarket pricing approval odds at >99% due to regulatory shifts. - Ripple's XLS-56 "Batch" amendment (68.57% consensus) and RLUSD's $1B+ assets highlight XRP's growing role in DeFi infrastructure. - Geopolitical factors like U.S.-China trade progress and India's XRP "pr
XRP traded close to $2.64 on Friday, supported by heightened institutional activity and a spike in interest for XRP-focused exchange-traded funds (ETFs) as investors anticipated possible regulatory green lights. The digital asset, which has climbed 26% since the start of the year according to
The Teucrium 2x Long Daily
Momentum on the regulatory front also picked up. Ripple’s Q3 2025 update disclosed that seven U.S. spot XRP ETF proposals are awaiting SEC decisions, with verdicts anticipated between October 18 and November 14, as outlined in
Technical analysis added to the positive outlook. XRP’s chart revealed a key support at $2.32 and resistance at $2.77, according to
Ripple’s ecosystem advancements further fueled momentum. The proposed “Batch” amendment (XLS-56) for the XRP Ledger, currently at 68.57% validator approval, could transform NFT transactions by allowing atomic swaps of multiple assets in one go, as mentioned in
Geopolitical developments also influenced the market. A breakthrough in U.S.-China trade talks boosted risk sentiment, pushing
Despite the optimistic environment, certain risks persist. The Teucrium Leveraged ETF, designed for double daily exposure, is susceptible to compounding and volatility risks, Coindesk cautioned. Additionally, the postponed Bitcoin repayments from Mt. Gox—now delayed until 2026—have left $15 billion in crypto locked up, easing immediate selling pressure, U.Today noted.
With the SEC’s final ruling approaching and technical signals aligning, XRP’s push toward $3 seems increasingly plausible. However, continued progress will rely on regulatory transparency, further institutional involvement, and the market’s capacity to absorb new ETF inflows.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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