Grayscale filed a 19b-4 application to create an XRP ETF. The firm has been petitioning the SEC for several new ETF products in recent weeks, and it’s far from alone in doing so.

The SEC has taken tentative steps at approving an altcoin ETF, but it doesn’t seem to be in a hurry. Trump’s nominee for Chair hasn’t been confirmed yet, and the short-staffed Commission may be playing it safe.

Grayscale’s XRP ETF

Grayscale, the leader in the fight for a Bitcoin ETF, has been offering quite a diverse range of ETF products. After its first listing, it followed up with a Mini Bitcoin ETF and options trading, and currently has live applications for several other crypto products. Today, Grayscale is adding onto this roster, with a new filing for an XRP ETF.

The XRP ETF has been a prominent goal in the crypto community for months, and Grayscale is hardly the first firm to pursue it. Ripple’s CEO Brad Garlinghouse considers the approval “inevitable,” and Polymarket gives the prospect overwhelming odds of success. Still, this hasn’t actually happened yet.

Since Gary Gensler resigned, a huge inflow of ETF applications has reached the SEC. As of yesterday, the Commission made the first steps towards a Litecoin ETF, but there isn’t much other visible progress. Still, ETF analyst James Seyffart urged the community to show some patience regarding its pro-crypto realignment.

“Potentially Hot take: The SEC doesn’t have much of a reason to rush as quickly as possible on this stuff. I personally think they should handle these situations after Atkins is confirmed and in his seat at the SEC,” Seyffart claimed.

Seyffart did not directly respond to Grayscale’s XRP ETF application, but he made these comments less than 15 minutes after noticing the filing. It’s an important rule of thumb to remember, especially considering that the SEC is currently short-staffed.

Ultimately, the XRP ETF seems very likely, but that doesn’t mean Grayscale’s application will go through in the immediate future. For now, the Commission has made a little progress on one altcoin ETF, and will probably do more soon. The price of XRP has barely budged since this application went through, in any event. The community will just have to wait for updates.

RWA altcoins are gaining significant traction as the tokenization of real-world assets continues to reshape crypto. February 2025 is shaping up to be a crucial month for some of the top-performing RWA altcoins, with strong price momentum and increasing institutional backing driving further interest.

From established players like ONDO and OM to emerging tokens like PLUME and Artrade, here are five RWA altcoins to watch closely in the coming weeks.

Ondo (ONDO)

ONDO has established itself as one of the top RWA altcoins, backed by major institutions like BlackRock and Morgan Stanley. As the tokenization of real-world assets gains traction, ONDO stands out as a key player in bridging traditional finance with blockchain technology.

Over the past week, ONDO’s price has surged nearly 20%, bringing its market capitalization close to $5 billion. This growth cements its status as one of the largest RWA protocols and highlights the increasing demand for tokenized assets, as RWA narrative becomes even more relevant.

If the current momentum persists, ONDO could break through the $1.65 resistance level. A move above this could push the price to $1.93, with the potential to test $2 for the first time since mid-December 2024.

Plume (PLUME)

PLUME is emerging as a key RWAfi platform, with 18 million addresses and $4 billion in available assets. Its ecosystem includes major players like Paxos, LayerZero, and Anchorage Digital, and its recent $20 million funding round in December 2024 highlights strong institutional interest.

Its token launched just nine days ago and has surged 67% in the past six days, with a 23% gain in the last 24 hours alone. This rapid growth signals strong demand, positioning PLUME among the most promising RWA altcoins in the market.

If momentum continues, PLUME could test resistance at $0.22. A breakout above this level would lead to new all-time highs, further solidifying its strength in the RWAfi sector.

Mantra (OM)

OM has been one of the top-performing RWA altcoins in recent weeks, gaining over 38% in the last seven days. MANTRA is a RWA Layer 1 blockchain designed to comply with real-world regulatory standards.

OM is now approaching ONDO in market cap, currently sitting near $4.7 billion. Its trading volume remains strong, reaching $197 million in the last 24 hours.

OM has been consistently breaking new all-time highs over the past few days. If the current uptrend continues, it could trade above $5 for the first time, further solidifying its position as a leading RWA platform.

Goldfinch (GFI)

GFI is the native token of Goldfinch, an Ethereum-based lending platform that allows users and institutions to provide USDC loans to real businesses globally. With nearly $100 million in active loans, the project is backed by major investors like Andreessen Horowitz, Coinbase Ventures, and Variant.

Its price has gained around 15% in the past seven days, bringing its market cap to $40 million. Despite its relatively smaller size compared to other RWA altcoins, GFI continues to attract attention as demand for decentralized lending solutions grows.

Although its EMA lines recently formed a death cross, GFI held key support levels and is now rebounding. If momentum continues, it could push past $1.5 and $1.7, signaling a potential trend reversal.

Artrade (ATR)

Artrade is an art-focused RWA marketplace built on Solana, gaining traction as a unique player in the tokenized asset space. Its price has surged over 34% in the past seven days, pushing its market cap to $48 million, with a daily trading volume of $1.3 million.

If momentum remains strong, Artrade could break through the $0.048 resistance level. A successful breakout could send the price toward $0.07, representing an 84% potential upside.

With the growing interest in RWA altcoins, Artrade’s niche in digital art and its position on Solana give it a strong foundation for continued growth.

Solana (SOL) price has risen more than 5% in the last 24 hours, bringing its market cap to around $117 billion and trading volume to surpass $6 billion. Despite this short-term surge, technical indicators remain mixed, with the Ichimoku Cloud showing uncertainty and the BBTrend still in negative territory.

SOL has been consolidating between $225 and $239, and its EMA lines are positioned closely, suggesting indecision in the trend. Whether SOL breaks out toward $272 and beyond or faces further downside pressure will depend on key technical confirmations in the coming days.

Solana Ichimoku Cloud Signals Mixed Market Sentiment

Solana Ichimoku Cloud setup presents a mixed outlook. The price is currently hovering near the Kijun-sen (red) and Tenkan-sen (blue) lines. The cloud (Kumo) ahead is red, indicating a potential bearish sentiment in the coming sessions. The price recently moved inside the cloud, suggesting a period of indecision where neither buyers nor sellers have full control.

The Chikou Span (green) is weaving through past price action, reinforcing this uncertainty and signaling that SOL is still in a consolidation phase rather than a strong trend.

The thickness of the upcoming cloud suggests that volatility may increase, as a thicker cloud often represents stronger resistance or support zones. The Tenkan-sen remains below the Kijun-sen, which typically reflects weaker short-term momentum.

However, if SOL price continues to hold above these lines and pushes further into the cloud, it could indicate a potential shift in sentiment. On the other hand, if the price remains below both lines and the cloud starts expanding downward, it would suggest that the bearish pressure is still dominant.

SOL BBTrend Remains Negative

The BBTrend (Bollinger Band Trend) is an indicator that measures price momentum based on the relationship between price and Bollinger Bands. It helps identify trends by analyzing whether price movements are leaning toward the upper or lower bands.

When BBTrend is positive, it suggests bullish momentum, as prices tend to stay near the upper band. Conversely, a negative BBTrend indicates bearish momentum, where prices gravitate toward the lower band. Larger absolute values suggest stronger trends, while near-zero values imply a lack of directional strength.

Solana BBTrend is currently at -9.8, having turned negative yesterday and reaching a low of -11.3 a few hours ago. This shift into negative territory suggests that bearish momentum has strengthened recently, with prices moving closer to the lower Bollinger Band.

While the BBTrend has slightly recovered from its lowest point, it remains firmly negative, indicating that downward pressure is still present. If the BBTrend starts to rise back toward zero, it could suggest a slowdown in bearish momentum or the beginning of a consolidation phase. However, if it continues to decline, it would reinforce the likelihood of a sustained downtrend.

SOL Price Prediction: Will Solana Surge In February?

Solana price has been consolidating between $225 and $239 over the past few days, with no clear trend established yet. Its EMA lines remain tightly packed, indicating indecision, but a golden cross could be forming soon.

If this crossover occurs, Solana could gain momentum and push toward the $272 resistance. A successful breakout above this level could trigger a rally toward $300, marking a potential 25% surge and its highest price level yet.

However, if downward pressure increases and SOL price fails to hold the $229 support, a deeper correction could follow. A drop below this level would put $211 in focus, and if selling continues, SOL could slip below $200, testing $191.9 next.

The direction SOL takes in the coming days will largely depend on whether the EMAs confirm a golden cross or start sloping downward, signaling further weakness.