24/7 Cryptocurrency News

XRP Price Eyes New ATH As Grayscale’s XRP ETF Filing Enters US SEC Review

Grayscale's XRP ETF filing starts SEC review, with a decision due by Oct 18, 2025. XRP price trends remain bullish amid rising approval odds.
XRP Price Eyes New ATH As Grayscale’s XRP ETF Filing Enters US SEC Review

Highlights

  • Grayscale's XRP ETF under SEC review until Oct 2025, with a 21-day public comment period starting now, amid ongoing Ripple litigation.
  • Brazil approves first XRP spot ETF, boosting global institutional interest.
  • XRP price rallies amid SEC's 240-day ETF review and positive market sentiment.

XRP price is gaining momentum as the U.S. Securities and Exchange Commission (SEC) has officially posted Grayscale’s XRP exchange-traded fund (ETF) filing to the Federal Register.

This move marks the beginning of a 240-day review period, during which the agency will decide whether to approve or reject the application.

Advertisement

Grayscale’s XRP ETF Filing Under SEC Review

The SEC’s review process for Grayscale’s proposed XRP ETF formally started after its posting on the Federal Register. The agency now has until October 18, 2025, to make a decision. The process includes a 21-day public comment period, allowing stakeholders to submit feedback.

Afterward, the SEC will analyze the proposal and assess market risks, investor protections, and compliance with securities laws.

XRP’s legal classification remains a key factor in the ETF’s approval amid speculations of a Ripple vs SEC lawsuit pause. The SEC has previously sued Ripple Labs over whether XRP should be classified as a security, and the case remains unresolved. The regulator has generally been more cautious with altcoin ETFs compared to Bitcoin ETFs, citing concerns over market manipulation.

Advertisement

XRP Price To Breach $3 Resistance

As of press time, XRP price traded at $2.66, down nearly 1% intraday. The Ripple-backed asset hit a bottom and low of $2.64 and $2.74, respectively.

Notably, the coin’s price has reacted somewhat positively to the ETF developments, with traders anticipating a potential breakout. The token is currently testing key resistance levels, with analysts watching for a move beyond $3.00. Some believe that clearing this level could signal a larger rally.

Crypto traders have shared insights on the crypto’s price movement. “XRP continues to hold inside a corrective channel, which is typical for a Wave 4,” CasiTrades posted on X, projecting an all-time high looming. Another trader, Dark Defender, suggested that the XRP price could move toward $2.77 before testing $3.

Market sentiment has also been influenced by speculation about major financial institutions using XRP for transactions. Reports suggest that Bank of America may be leveraging XRP for internal payments, though no official confirmation has been provided.

Advertisement

US SEC’s Stance on Crypto Regulation

The SEC has been reviewing multiple XRP ETF applications alongside Grayscale’s filing. On February 19, the agency acknowledged applications from asset managers CoinShares, Canary, and WisdomTree. These applications were submitted through exchanges like Nasdaq and Cboe BZX.

The SEC’s approach to crypto regulation has come under scrutiny in recent months. Under the current administration, the agency temporarily paused its lawsuit against Binance, leading some analysts to believe that regulatory pressure on crypto firms may ease. Consequently, investors are hopeful that this shift could work in Ripple’s favor, which may boost XRP price to a new ATH.

President Donald Trump’s administration has been viewed as more crypto-friendly, and his recent social media activity has fueled optimism. He shared an article discussing Ripple Labs’ expansion in the U.S., which noted that XRP saw a surge following the 2024 presidential election.

XRP ETF Approval Odds

The chances of an XRP ETF approval have risen on Polymarket, where betting odds currently stand at 81%. Concurrently, Brazil recently became the first country to approve an XRP spot ETF, adding to the growing demand for institutional investment in the asset which may push the XRP price to a new ATH.

Despite the optimism, some analysts urge caution. Azura CEO Jackson Denka noted that XRP has historically experienced rapid price increases followed by steep declines.

“Until we see real adoption and actual progress of their blockchain, it is hard to make the claim that this price is sustainable,” Denka said.

Advertisement

Share
Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Gold Vs Bitcoin – Peter Schiff Predicts BTC Will Be ‘Rugged by Gold’

The long-running rivalry between gold and Bitcoin has resurfaced. Economist and gold advocate Peter Schiff…

October 8, 2025
  • 24/7 Cryptocurrency News

CEA Industries’ BNB Holdings Reach 480K as Binance Coin Hits New ATH of $1,300

BNB has surged to a record $1,300, overtaking XRP in market value, as CEA Industries…

October 7, 2025
  • 24/7 Cryptocurrency News

Peter Brandt Predicts XRP Could Drop to $2.2 If This Happens

Veteran trader Peter Brandt has dropped another XRP analysis, in which he revealed what could…

October 7, 2025
  • 24/7 Cryptocurrency News

Fed’s Stephen Miran Says He’s ‘Sanguine’ on Inflation Outlook as He Backs More Rate Cuts

Federal Reserve Governor Stephen Miran has again suggested that he isn't worried about the inflation…

October 7, 2025
  • 24/7 Cryptocurrency News

S&P Launches Crypto 50 Index But There’s A Catch

S&P Dow Jones Indices has introduced a new crypto index called the S&P Digital Markets…

October 7, 2025
  • 24/7 Cryptocurrency News

NYSE Owner ICE to Invest $2B in Polymarket as Interest in Prediction Markets Heats Up

Crypto predictions platform Polymarket has secured a strategic investment from New York Stock Exchange (NYSE)…

October 7, 2025