XRP News Today: XRP ETFs Near Approval as DTCC Clears Regulatory Hurdle

The U.S. government's recent shutdown resolution has injected renewed momentum into cryptocurrency markets, with XRP, Dogecoin (DOGE), and Cardano (ADA) seeing heightened trading activity as investors speculate on regulatory developments and product launches. While the broader market remains cautious, a critical milestone for XRP has emerged: multiple exchange-traded funds (ETFs) tracking the asset have been listed on the DTCC, a prerequisite for U.S. trading approval.

The DTCC listing, a necessary step before the U.S. Securities and Exchange Commission (SEC) can greenlight the funds, signals that XRP ETFs are nearing launch. The funds, managed by firms including Bitwise, Canary Capital, and 21Shares, are now prepared to trade once regulators finalize approvals. This development has reignited optimism among XRP holders, who have been awaiting clarity since the government's brief closure disrupted earlier timelines. The DTCC listing does not guarantee SEC approval but confirms that fund providers have completed logistical groundwork.

Market dynamics for XRP also suggest a potential price catalyst. Blockchain data reveals that the asset's exchange-held supply has fallen to its lowest level since early 2021, while the number of wallets holding 1 million to 10 million XRP has hit an all-time high. This pattern-characterized by reduced liquidity and increased accumulation by large investors-mirrored Bitcoin and Ethereum's pre-ETF approval surges. However, XRP faces immediate headwinds, as its price remains constrained in a bearish trend, with resistance levels between $2.30 and $2.40 posing challenges.

The broader cryptocurrency landscape remains fragmented, with DOGE and ADA experiencing mixed performance amid the regulatory uncertainty. While XRP's ETF progress has drawn attention, investors are also monitoring the SEC's stance on digital assets, which could influence cross-chain sentiment. For now, XRP's DTCC listing represents a pivotal step toward institutional adoption, even as macroeconomic factors and regulatory delays continue to shape market trajectories.