SEC Delays Franklin Templeton's XRP ETF Decision Until 2025

XRP's latest price was $, in the last 24 hours. The U.S. Securities and Exchange Commission has delayed its decision on Franklin Templeton's XRP ETF until November 14, 2025. This delay underscores the ongoing regulatory caution surrounding crypto-based investment products, impacting both institutional and retail investors. The ETF application was submitted by Franklin Templeton to be listed on the Cboe BZX Exchange. The SEC's official notices provide no further details regarding Gary Gensler's views, but the commission has stated that it finds it appropriate to designate a longer period to issue a final decision.

Financial markets are witnessing significant interest from Wall Street in crypto ETFs. Franklin Templeton's involvement highlights efforts to regulate access to leading digital assets, influencing wider investment strategies across multiple financial sectors. The postponement has kept XRP's price stable, demonstrating market confidence despite regulatory uncertainty. Institutional prediction markets reflect high optimism, indicating over a 90% chance of approval by year-end.

XRP Ledger (XRPL) infrastructure provider Alloy Networks has issued a crucial warning for validators currently running the rippled 2.6.0 version. The company urged users to downgrade to the newly released Rippled 2.5.1 after several issues were discovered with the latest update. This cautionary move was also echoed by Vet, a prominent XRP Ledger dUNL validator. The validator stated that running Rippled 2.6.0 might no longer be advisable due to ongoing issues, recommending users upgrade or downgrade depending on their current version.

The update to Rippled 2.6.0, which rolled out in late August, initially introduced several enhancements. However, users quickly encountered critical problems, notably increased memory usage and issues tied to the Boost library upgrade. These issues have prompted the XRPL team to advise a rollback to version 2.5.1, which fixes a stalled consensus detection bug. The bug had caused false positives in certain cases where no transactions were disputed, and its resolution is vital for maintaining the accuracy and efficiency of the ledger.

Although it is true that the weaknesses of the current 2.6.0 ripple, the developers of XRPL noted that 2.5.1 nevertheless features a significant fix regarding the stalled consensus rounds, that is, a serious problem observed in previous versions. Consequently, any operator of the XRPL validator or server is advised to upgrade to 2.5.1 to be guaranteed in service continuity in the event of any disruption. Other changes since version 2.6.0, such as the modification of memory usage and Boost library support, are probably to be discussed in a later release.

The XRPL developers are dedicated to making the ledger work even better and become more stable. Version 2.5.1 does not add significant new features; however, it makes the network stable and without the critical bugs observed in version 2.6.0. Validators and server operators are urged to use the latest releases to enjoy such vital fixes and improvements.

Blockchain data platform Chainalysis announced that its support now goes beyond the native XRP token, offering automatic token support on the XRP Ledger (XRPL). The expansion marks a significant step in extending the company’s compliance and investigative tools to cover not only XRP but also the broader set of assets created within its ecosystem. By broadening oversight, Chainalysis enables customers to track and analyze transactions across a rapidly growing network of XRPL-issued tokens.

The company detailed the integration in its statement: With this extended integration, Chainalysis’ support goes beyond the native XRP token, offering automatic token support. This includes supporting new fungible (IOUs) and non-fungible (XLS-20) tokens on the network, as well as multi-purpose tokens (MPT), similar to the well-known ERC-1155 token standard. To date, this expansion covers more than 260,000 XRPL tokens supported in Chainalysis and growing daily as new tokens are minted on chain.

These capabilities are now embedded into Chainalysis KYT (Know Your Transaction), its entity screening product, and the Reactor investigations platform, equipping users with enhanced monitoring, fund flow visualization, and the ability to identify potentially illicit activity. Chainalysis KYC is a real-time compliance tool that monitors crypto transactions for suspicious activity and helps institutions meet anti-money laundering requirements, while Reactor enables investigators to trace blockchain fund flows, link wallets to real-world entities, and uncover illicit activity.

Launched in 2012, the XRPL has processed more than 3.3 billion transactions across over 90 million blocks. Known for its low-cost and fast settlement, the network operates with nearly 200 validators, with Ripple serving as a notable participant in its governance. While the new monitoring features are designed to strengthen compliance, market observers note that improved transparency may also support institutional adoption of XRP and XRPL-issued tokens by reducing risk concerns and enhancing confidence in the ecosystem.

Ripple has once again caught headlines after quietly transferring 15 million XRP tokens just hours after securing a legal win against the U.S. Securities and Exchange Commission (SEC). The transaction, recorded on Ledger #98,741,614, carried a negligible fee of 0.000015 XRP, showcasing the network’s efficiency. While Ripple has not provided an official statement, analysts suggest the move could be tied to liquidity preparation for exchanges, settlement mechanisms, or the expansion of Ripple’s On-Demand Liquidity (ODL) corridors.

The timing, so close to its courtroom victory, has fueled speculation that Ripple is positioning itself for a new phase of institutional adoption. Despite the optimism around Ripple’s legal clarity, XRP has not been immune to market pressure. Analysts warn that this decline in both price and volume could signal waning short-term momentum. Chart data highlights a critical battleground for XRP between $0.65–$0.68 resistance levels and support zones at $0.60 and $0.55. A decisive breakout above $0.70 could push XRP toward $0.80, while failure to hold support risks deeper corrections.

Notably, whale activity and institutional interest continue to build, with XRP futures open interest surging to $7.94 billion, underscoring expectations of heightened volatility. Crypto analyst Zach Rector recently highlighted that Ripple’s restructuring of institutional XRP sales during its SEC case could shape the framework for potential XRP exchange-traded funds (ETFs). With ETF issuers unable to source XRP directly from Ripple, centralized exchanges and OTC desks may become the main supply channels, creating added pressure on secondary market liquidity.

Meanwhile, the adoption of Ripple USD (RLUSD) in Japan, facilitated through a partnership with SBI Group, has strengthened XRP’s fundamentals. RLUSD requires XRP for transaction fees, further boosting on-chain demand. Whale accumulation and growing institutional exposure through platforms like the CME also support a more bullish long-term outlook. As the dust settles on Ripple’s regulatory battle, the company’s swift 15M XRP transfer signals it is wasting no time preparing for its next chapter. Whether tied to ETF readiness, liquidity expansion, or cross-border growth, one thing is clear: the market is watching closely.