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Key Insights:
- Grayscale’s XRP ETF filing starts the SEC’s 240-day review, with a decision due by October 18, 2025.
- XRP price was currently at $2.66, testing resistance levels with analysts predicting a breakout above $3.
- Brazil is the first country to approve an XRP spot ETF, increasing institutional demand for XRP.
Market analysts anticipate that the Ripple (XRP) price will surpass its $3 barrier level. Polymarket data revealed an 81% acceptance rate for the ETF. With the increased interest in XRP, the SEC is looking into Grayscale’s XRP ETF.
Grayscale’s XRP ETF Regulatory Application: Potential Boost for XRP Price
In a recent development, Grayscale submitted its XRP ETF regulatory application to the SEC. It is now under a 240-day review period by the SEC. As the XRP application filing continues toward a critical development phase, XRP investors remain hopeful.
The Federal Register stated that the SEC intends to complete reviews and accept the XRP application by October 18, 2025. SEC will conduct a detailed review of market risks, investor protection, and securities law compliance before deciding on the proposed filing.
Notably, the proposed ETF goes through a 240-day evaluation followed by 21 days. There, stakeholders can comment publicly on the offered product.
Industry stakeholders are positive that SEC’s review of XRP alongside other alternative crypto would bring positive results for Ripple price.
XRP Price Testing Key Resistance Levels
At press time, XRP price was trading at around $2.66, which is a downtrend from previous highs. However, XRP was under a crucial resistance level, and traders are waiting for the break of the $3 mark.
Crypto analyst CasiTrades tracked Ripple price performance and suggested it could break above $3. This could further initiate an upward trend in the market.
More so, analyst Ali Martinez noted that the token might experience a price recovery. This can be seen since the hourly chart TD Sequential indicator generates a buy signal.
The signal suggested upward price momentum for XRP was imminent, which could bring a price recovery following market volatility. Moving ahead, the analyst predicted a positive short-term trend for XRP price.
Besides, a recent analysis indicated bullish prospects for Ripple price as whale investors recently acquired 150 million tokens. This all happened during the previous 48 hours.
The cup, handle, and Elliott Wave structures showed technical indications that large breakouts would likely happen. Analysts’ project targets start at $3.39 and extend to $5.85. This could potentially reach $8 following XRP’s breaking through its $2.83 resistance barrier.
Brazil Approves XRP Spot ETF
Meanwhile, Brazil made history by becoming the first country to approve an XRP spot ETF. The regulatory approval demonstrates the potential to enhance institutional interest in XRP.
The credibility of XRP investments has advanced with this regulatory permission. This is observable since it allows other nations to contemplate adopting comparable approval systems.
Therefore, the entry of more institutional investors would result in higher trading volume and, thus, market liquidity. Hence, the XRP price movement will be influenced positively.
Grayscale’s improved chances of getting XRP ETF approval have strengthened market sentiment. Market confidence for SEC approval of the filing increases as Polymarket odds rise to 81%.
Disclaimer
In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
