Key Notes

Key Notes:

The US SEC officially posted the Grayscale’s spot XRP ETF on the Federal Register, with a deadline of October 18, 2025.XRP price has been hovering around a crucial crossroads around $2.7, which could yield the thrilling phase of the macro bull rally.

As Bitcoin price BTC $96 656 24h volatility: 1.3% Market cap: $1.92 T Vol. 24h: $17.95 B retested a crucial resistance level around $98.5k in the last 24 hours, Ripple Labs-backed XRP XRP $2.58 24h volatility: 1.7% Market cap: $149.55 B Vol. 24h: $2.25 B has gradually shifted to bullish momentum. The large-cap altcoin, with a fully diluted valuation of about $266 billion and a 24-hour average trading volume of around $3.2 billion, has been retesting a crucial resistance range between $2.6 and $2.8 in the past few days.

In the daily time frame, the XRP price has been forming a possible head and shoulders (H&S) pattern coupled with a bearish divergence of the Relative Strength Index (RSI). Consequently, the fear of a market reversal is palpable amid low whale activity and short-term macroeconomic uncertainty caused by the tariff war triggered by US President Donald Trump.

However, in the weekly time frame, XRP price, against the US dollar, has been retesting a crucial support/resistance level, which coincides with the 2021 all-time high (ATH). Historically, a crypto bullish resurgence is experienced amid low optimism from traders, especially after heavy liquidations.

From a technical analysis standpoint, XRP price has been forming a bullish pennant flag in the past three months, after a notable breakout from a six-year triangular consolidation. Considering an Elliott Wave theory, XRP price is almost completing the second wave, which will set the stage for the third wave and coincide with price discovery.

The bullish sentiment for XRP will be delayed if the altcoin consistently closes below the support level of around $2.25.

As Coinspeaker noted, several fund managers led by Grayscale Investments, Bitwise, Canary Capital, and WisdomTree have filed with the US SEC to offer spot XRP ETF. Earlier this week, the US SEC acknowledged Bitwise spot XRP ETF in a 19b-5 filing, which increased the odds of approval ahead.

On Thursday, the agency officially posted Grayscale’s spot XRP ETF 19b-4 filing on the Federal Register. Consequently, the US SEC has until October 18, 2025, to either approve or deny the listing of Grayscale’s spot XRP ETF under the NYSE Arca.

Following the announcement, the odds of a spot XRP ETF approval in the United States by the end of 2025 surged by 1.1% on Polymarket to around 81%.

Already, Brazil has approved the first spot XRP ETF in the world by Hashdex, thus also increasing the odds of the US SEC following a similar trend ahead. Moreover, US President Donald Trump has a supportive Congress and Senate to implement clear crypto regulations to enable a seamless mainstream adoption of digital assets and Web3 protocols ahead.

Earlier this week, Trump posted on Truth Social a Ripple and XRP article, which rejuvenated anticipation for an end to the ongoing Ripple vs SEC lawsuit.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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