Key Notes
- SEC begins prolonged evaluate course of for Grayscale’s XRP ETF software.
- Analysts anticipate ETF approval selections no sooner than late Q2.
- XRP holds regular at $2.35 with minimal every day value change.
The U.S. Securities and Change Fee (SEC) has postponed its resolution on Grayscale’s application for a spot XRP
XRP
$2.22
24h volatility:
0.8%
Market cap:
$129.99 B
Vol. 24h:
$2.17 B
exchange-traded fund (ETF). As per regulatory norms, the company has initiated formal proceedings to hunt public feedback and conduct deeper evaluation.
This delay doesn’t come as a shock to most consultants. Bloomberg ETF analyst James Seyffart commented that such selections often observe the total evaluate window laid out beneath Rule 19b-4.
In response to Seyffart, a lot of the XRP-related ETF functions have ultimate deadlines in October, and any early verdicts would break from historic traits.
Lotta questions. Replying right here:
The SEC *sometimes* takes the total time to reply to a 19b-4 submitting. Virtually all of those filings have ultimate due dates in October. Early selections would the motion that’s out of the norm. Irrespective of how “Crypto-friendly” this SEC is
There’s no…
— James Seyffart (@JSeyff) May 20, 2025
He famous that some XRP funds are due for updates quickly, however significant selections, significantly approvals, are extra realistically anticipated between late Q2 and early This fall.
XRP Value Outlook
In the meantime, XRP continues to commerce close to $2.35 with no vital 24-hour motion. The weekly XRP chart hints at a possible breakout just like early phases of a late-2024 bull market sample. That rally noticed XRP rocket greater than 500% inside a couple of months after breaking above a long-standing descending triangle.
Market watchers at the moment are hoping for related bullish momentum. Blockchain knowledge reveals that addresses holding between 10 million and 100 million XRP have elevated their holdings from 7.56 billion to 7.67 billion tokens over the previous 5 days.
On the every day XRP value chart, the RSI is presently sitting round 51, indicating equal stress from consumers and sellers. This implies that the fourth-largest cryptocurrency wants contemporary shopping for quantity to proceed its bullish trajectory.
XRP value chart with RSI and Bollinger Bands | Supply: Buying and selling View
Bollinger Bands have not too long ago expanded, with XRP buying and selling near the mid band (20-day SMA), hinting at a interval of short-term consolidation. If the cryptocurrency fails to carry this degree, it might fall to the decrease band round $2.05.
The Shifting Common Convergence Divergence (MACD) can also be due for a bullish crossover with bars presently printing pink. This often signifies weakening momentum, however a breach above the $2.51-$2.72 band might send XRP to $3.
XRP value chart with MACD | Supply: Buying and selling View
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Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed info however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm info by yourself and seek the advice of with an expert earlier than making any selections based mostly on this content material.
A crypto journalist with over 5 years of expertise within the trade, Parth has labored with main media shops within the crypto and finance world, gathering expertise and experience within the area after surviving bear and bull markets over time. Parth can also be an writer of 4 self-published books.
