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

XRP price is 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.

Grayscale’s XRP ETF Filing Under SEC Review

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 Price To Breach $3 Resistance

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.

US SEC’s Stance on Crypto Regulation

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 Cboe BZX.

The SEC’s approach to crypto regulation has come under scrutiny in recent months. Under the current administration, the agency temporarily paused its lawsuit against Binance, leading some analysts to believe that regulatory pressure on crypto firms may ease. Consequently, investors are hopeful that this shift could work in Ripple’s favor which may boost XRP price to a new ATH.

President Donald Trump’s administration has been viewed as more crypto-friendly, and his recent social media activity has fueled optimism. He shared an article discussing Ripple Labs’ expansion in the U.S., which noted that XRP saw a price surge following the 2024 presidential election.

XRP ETF Approval Odds

The chances of an XRP ETF approval have risen on Polymarket, where betting odds currently stand at 81%. Concurrently, Brazil recently became the first country to approve an XRP spot ETF, adding to the growing demand for institutional investment in the asset which may push the XRP price to a new ATH.

Despite the optimism, some analysts urge caution. Azura CEO Jackson Denka noted that XRP has historically experienced rapid price increases followed by steep declines.

“Until we see real adoption and actual progress of their blockchain, it is hard to make the claim that this price is sustainable,” Denka said.

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

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