Grayscale’s pursuit of an XRP exchange-traded fund (ETF) has reached a crucial milestone as the U.S. Securities and Exchange Commission (SEC) officially published the company’s 19b-4 filing in the Federal Register. This marks the commencement of the regulatory review period, with the SEC facing an October 18 deadline to approve or reject the proposal. With speculation mounting, could this development push XRP back to its all-time high (ATH) of $3.84?
Countdown to SEC’s Decision on XRP ETF
Grayscale, a dominant player in the crypto asset management space, has been expanding its ETF offerings, having already secured approval for a Bitcoin ETF. The latest move signals its ambition to bring more digital assets into mainstream finance.
According to Fox Business journalist Eleanor Terrett, the SEC’s publication of the filing is a significant procedural step. While approval is not guaranteed, this starts the official countdown for the SEC to review the application. The regulatory process includes a 240-day evaluation period that began on February 14, incorporating a 21-day public comment window, during which stakeholders can voice their opinions. The SEC must then analyze feedback before making a final decision by October 18, 2025.
🚨NEW: @Grayscale’s $XRP ETF (19b-4 filing) has officially been posted to the Federal Register.
— Eleanor Terrett (@EleanorTerrett) February 20, 2025
All this means is that the clock starts now for the @SECGov to engage and either approve or deny on or before October 18. pic.twitter.com/dhMSvOcSXF
Regulatory Hurdles: Ripple Lawsuit May Impact Approval
Despite the momentum, potential roadblocks remain. The SEC’s ongoing legal battle with Ripple over XRP’s classification as a security could delay or impact the ETF’s approval. While Ripple has secured partial victories in court, regulatory uncertainty persists.
Historically, the SEC has been hesitant to approve altcoin ETFs due to concerns about market manipulation. Bitcoin ETFs have faced fewer hurdles due to the asset’s broader adoption and regulatory clarity. Nevertheless, if the XRP ETF gets the green light, it could significantly boost XRP adoption, attracting institutional investors and driving demand.
XRP Price Outlook: Could It Hit ATH?
XRP has been trading sideways between $2.40 and $2.80 in recent weeks. As of now, the token hovers around $2.66, reflecting a minor 1% dip in the past 24 hours, with a market cap of $154 billion.
Key technical indicators show mixed signals. The Relative Strength Index (RSI) sits at 51.84, and the Commodity Channel Index (CCI) is at 69.60, both suggesting a neutral trend. However, the Moving Average Convergence Divergence (MACD) hints at a potential bullish breakout.
If XRP successfully breaches the $2.75–$2.80 resistance level with strong trading volume, it could climb past $3 and potentially retest the $3.40 mark. A confirmed ETF approval could be the catalyst needed to push XRP toward its previous ATH of $3.84, reinforcing its status as a major digital asset.
Also Read: Brazil Approves First Spot XRP ETF as Crypto Adoption Surges
As the SEC’s review unfolds, the crypto market will closely watch for signals on the future of XRP’s ETF ambitions. An approval could mark a game-changing moment for both XRP and institutional crypto adoption.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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