SEC’s Upcoming Rulings on Spot XRP ETFs

The Securities and Exchange Commission (SEC) is anticipated to make a decision on several applications for spot XRP exchange-traded funds (ETFs). Approval could revolutionize investor access to XRP and potentially trigger a price surge.

The SEC has a deadline until mid-October 2025 to approve or reject these ETF proposals. Among the notable applications are Grayscale’s request to convert its XRP Trust into a spot ETF, alongside submissions from 21Shares and Bitwise. Depending on the review process, a ruling may occur as soon as mid-April 2025.

These applications surface despite the ongoing legal conflict between the SEC and Ripple. Nevertheless, the XRP community remains hopeful that the chances of approval are increasing due to a more cryptocurrency-friendly regulatory atmosphere.

According to analysts James Seyffart and Eric Balchunas from Bloomberg ETF, there is a projected 65% likelihood of a spot XRP ETF being approved.

XRP’s Regulatory Milestone

The approval of an ETF would represent a significant milestone for XRP, especially as the SEC’s litigation against Ripple has historically burdened the asset. Speculation is on the rise that the legal issue may soon come to a resolution.

With the pro-crypto advocate Paul Atkins nominated to lead the SEC, there’s anticipation that he could advocate for the dismissal of the case or facilitate a settlement favoring Ripple.

Following the SEC’s sudden withdrawal of its lawsuit against Coinbase, many speculate a similar resolution might happen in its ongoing legal struggle with Ripple. The SEC ended its two-year case against Coinbase, alleging it operated as an unregistered securities exchange on February 21, 2025.

XRP Price Analysis

As of the latest update, XRP is trading at $2.58, down approximately 0.8% over the last 24 hours. Over the week, the asset has fallen more than 7%.

Overall, XRP’s price struggles align with a declining trend in the broader cryptocurrency market, indicating possible continued short-term bearishness while trading below the 50-day Simple Moving Average (SMA) of $2.68. However, the 200-day SMA at $1.43 suggests a potential long-term bullish outlook.

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