SEC Feedback Spurs XRP ETF Filings as Ripple Lawsuit Ends
Following the SEC’s recent decision to delay rulings on XRP ETF applications from Bitwise, Canary, CoinShares and Grayscale, issuers have promptly updated their filings in response to regulator feedback. This mirrors the approval path taken by BTC and ETH ETFs earlier this year. With the SEC’s new October deadline fast approaching, these revisions suggest growing momentum for an XRP ETF.
On the legal front, the U.S. Second Circuit approved a joint stipulation to dismiss Ripple’s case against the SEC, marking what experts see as the final hurdle before official closure. XRP price jumped from under $2.80 to over $3.10 on the news and broader market revival following Fed Chair Jerome Powell’s Jackson Hole remarks. Despite a slight pullback, XRP remains above the $3.00 support-turned-resistance level.
Traders should watch for SEC feedback and the impending October deadline as catalysts for XRP ETF approval and continued price strength.
Bullish
The combined SEC feedback on ETF filings and the near-final resolution of Ripple’s lawsuit create a bullish setup for XRP. Historically, feedback-driven revisions preceded the successful launch of BTC and ETH ETFs, driving significant inflows and price gains. The October deadline adds a clear timeline for traders. Meanwhile, the Second Circuit’s dismissal approval reduces regulatory uncertainty, a common catalyst for market rallies. The instantaneous price jump past $3.10 on legal news and Fed-driven market revival underscores strong short-term momentum. Over the long term, an approved XRP ETF could institutionalize demand and improve liquidity, potentially lifting XRP’s valuation further.