Key Notes
- SEC begins prolonged evaluation course of for Grayscale’s XRP ETF utility.
- Analysts anticipate ETF approval selections no sooner than late Q2.
- XRP holds regular at $2.35 with minimal each day worth change.
The U.S. Securities and Trade Fee (SEC) has postponed its choice 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 specialists. Bloomberg ETF analyst James Seyffart commented that such selections often observe the complete evaluation window laid out beneath Rule 19b-4.
In line with 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 complete time to answer 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 autumn.
XRP Value Outlook
In the meantime, XRP continues to commerce close to $2.35 with no important 24-hour motion. The weekly XRP chart hints at a possible breakout just like early levels of a late-2024 bull market sample. That rally noticed XRP rocket greater than 500% inside a number of months after breaking above a long-standing descending triangle.
Market watchers at the moment are hoping for comparable bullish momentum. Blockchain information 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 each day XRP worth chart, the RSI is at present sitting round 51, indicating equal strain from consumers and sellers. This implies that the fourth-largest cryptocurrency wants recent shopping for quantity to proceed its bullish trajectory.
XRP worth chart with RSI and Bollinger Bands | Supply: Buying and selling View
Bollinger Bands have lately 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 stage, it might fall to the decrease band round $2.05.
The Shifting Common Convergence Divergence (MACD) can be due for a bullish crossover with bars at present printing pink. This often signifies weakening momentum, however a breach above the $2.51-$2.72 band might send XRP to $3.
XRP worth 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 circumstances can change quickly, we encourage you to confirm info by yourself and seek the advice of with an expert earlier than making any selections primarily based on this content material.
A crypto journalist with over 5 years of expertise within the trade, Parth has labored with main media retailers within the crypto and finance world, gathering expertise and experience within the house after surviving bear and bull markets over time. Parth can be an creator of 4 self-published books.
