XRP Price Surges as SEC Begins ETF Review

XRP Price Eyes New ATH As Grayscale’s XRP ETF Filing Enters US SEC Review

The price of XRP has been gaining momentum as the U.S. Securities and Exchange Commission (SEC) has officially posted Grayscale’s XRP exchange-traded fund (ETF) filing to the Federal Register. This move marks the beginning of a 240-day review period, during which the agency will decide whether to approve or reject the application.

The SEC’s review process for Grayscale’s proposed XRP ETF formally started after its posting on the Federal Register. The agency now has until October 18, 2025, to make a decision. The process includes a 21-day public comment period, allowing stakeholders to submit feedback. Afterward, the SEC will analyze the proposal and assess market risks, investor protections, and compliance with securities laws.

XRP’s legal classification remains a key factor in the ETF’s approval amid speculations of a Ripple vs SEC lawsuit pause. The SEC has previously sued Ripple Labs over whether XRP should be classified as a security, and the case remains unresolved. The regulator has generally been more cautious with altcoin ETFs compared to Bitcoin ETFs, citing concerns over market manipulation.

XRP’s price has reacted positively to the ETF developments, with traders anticipating a potential breakout. The token is currently testing key resistance levels, with analysts watching for a move beyond $3.00. Some believe that clearing this level could signal a larger rally.

Crypto traders have shared insights on XRP’s price movement. “XRP continues to hold inside a corrective channel, which is typical for a Wave 4,” CasiTrades posted on X projecting an all-time high looming. Another trader, Dark Defender, suggested that the XRP price could move toward $2.77 before testing $3.

Market sentiment has also been influenced by speculation about major financial institutions using XRP for transactions. Reports suggest that Bank of America may be leveraging XRP for internal payments, though no official confirmation has been provided.

The SEC has been reviewing multiple XRP ETF applications alongside Grayscale’s filing. On February 19, the agency acknowledged applications from asset managers CoinShares, Canary, and WisdomTree. These applications were submitted through exchanges like Nasdaq and C