SEC to Review Six XRP Spot ETF Applications in October
The US Securities and Exchange Commission will review six XRP spot ETF applications from October 18 to 24. The filings, submitted by Grayscale, 21Shares, Bitwise, Canary Capital, CoinShares and WisdomTree, follow the SEC’s September 17 approval of generic listing standards for spot crypto ETPs.
Market sentiment is bullish. XRP trades near $2.78, down 0.25% in 24 hours, with an RSI of 49 and rising Chaikin Money Flow. On-chain Spot Taker CVD data still shows profit-taking pressure.
Ripple’s ETF momentum extends beyond October. Franklin Templeton has set a November filing, and REX-Osprey launched the XRPR ETF with $37.7 million in trading volume. A green light on the XRP spot ETF could boost institutional access, liquidity and spark volatility similar to BTC and ETH approvals. A delay or rejection may trigger short-term market swings.
Bullish
Approval of an XRP spot ETF would likely drive significant institutional inflows, boosting liquidity and mirroring the bullish rallies seen after Bitcoin and Ethereum ETF approvals. The current bullish social sentiment, technical indicators showing rising buying pressure, and ongoing filings by Franklin Templeton and REX-Osprey support a positive outlook. Even if volatility spikes around the decision, long-term trader confidence and market access expand, underpinning a bullish case for XRP.