Grayscale, XRP It has reached a critical stage for the application of the Stock Exchange Investment Fund (ETF). US Securities and Stock Exchange Commission (SEC) launched the official review process by publishing the company’s 19b-4 file in the Official Gazette. With this development, the SEC will decide to approve or reject the ETF application until October 18, 2025. Alright XRP price As a result of this process, can it reach $ 3.84, the highest level at all times?
ETF decision process for XRP officially started
Grayscale, Spot Bitcoin $98,663.61 After receiving ETF approval, it aims to create stock market investment funds for different crypto currencies. FOX business journalist Eleanor TerrettAccording to the SEC’s application in the Official Gazette does not mean approval, but the decision process officially has begun.
While entering a 240 -day review process for ETF, ETF also launched a 21 -day comment process to get opinion from the public.
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SEC, Spot XRP ETF It will examine its application by taking into account the factors such as market manipulation risks and uncertainties. The commission is expected to make its decision until October 18, 2025.
If ETF is approved, XRP price can reach $ 3.84
SEC’s undecided attitude makes the Spot XRP ETF approval uncertain. Ripple 
$2.68 The ongoing case between the SEC and SEC continues due to discussions on whether the XRP is a securities. Although Ripple has achieved partial victories in court so far, SEC’s approach ETFIt may affect the future of ‘.
However, it is like XRP to approve SEC’s spotty bitcoin ETFs altcoinIt is seen as a promising signal for the ETF approval. If the XRP ETF receives approval from the SEC, corporate investor interest may increase, which may contribute to the rise of the price.
The XRP price is currently $ 2.66 and is shown as a critical resistance point between $ 2.75 and $ 2.80. According to the technical analysis, the price may exceed the critical threshold in $ 3 if it increases above this level. Then, $ 3.40 and the highest levels can come back to the table.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
