SEC go review six XRP spot ETF applications for October
Di US Securities and Exchange Commission go fit review six XRP spot ETF applications from October 18 to 24. The filings wey Grayscale, 21Shares, Bitwise, Canary Capital, CoinShares dem and WisdomTree submit follow SEC September 17 approval of generic listing standards for spot crypto ETPs.
Market dey bullish. XRP dey trade near $2.78, e don drop 0.25% inside 24 hours, RSI na 49 and Chaikin Money Flow dey rise. On-chain Spot Taker CVD data still show say people dey take profit.
Ripple ETF momentum no finish for October. Franklin Templeton don plan November filing, and REX-Osprey don launch XRPR ETF with $37.7 million trading volume. If XRP spot ETF get green light, e fit boost institutional access, liquidity and cause volatility wey dey similar to BTC and ETH approvals. If dem delay or reject am, e fit make market shake for short time.
Bullish
If dem approve XRP spot ETF, e go likely bring plenti institution people money, boost liquidity and e go follow the bullish rallies wey happen after Bitcoin and Ethereum ETF dem approve. The current bullish social vibe, technical signs show say buying pressure dey rise, plus Franklin Templeton and REX-Osprey still dey file dey support correct outlook. Even if volatility rise around the decision, long-term traders confidence and market access go still expand, supporting strong bullish case for XRP.