XRP Price Eyes New ATH As Grayscale’s XRP ETF Filing Enters US SEC Review
The post XRP Price Eyes New ATH As Grayscale’s XRP ETF Filing Enters US SEC Review appeared on BitcoinEthereumNews.com.
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. 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. 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…
Filed under: News - @ February 21, 2025 9:26 am