The recent developments regarding XRP have sent shockwaves through the cryptocurrency market, particularly following the US Securities and Exchange Commission’s (SEC) announcements about the regulation of XRP ETFs. Reports indicate that the SEC has decided to postpone any decisions related to the pending applications, leading to increased speculation and anxiety among investors.
Update on XRP ETF Applications
The US SEC has officially announced a delay regarding the evaluation of multiple Spot XRP ETFs, including those filed by major players like Grayscale, CoinShares, and Bitwise. The announcement clarified that the commission extended its review deadlines by an additional period for these applications, causing investors to reassess their strategies.
The earliest modified deadline is now set for October 18, 2025, concerning the Grayscale XRP Trust, which was initially supposed to be resolved much earlier. Regular review periods typically last 180 days, allowing the SEC ample time for a comprehensive analysis. For Grayscale, the initial deadline had fallen on August 19, but the SEC opted for a thorough examination and provided an extension.
In addition to Grayscale, the SEC must also address the case for Cboe BZX’s 21Shares Core XRP Trust, with an upcoming deadline of October 19. CoinShares’ filing mirrors a similar fate, with decisions now postponed to the following weeks.
On October 23, 2025, a new critical date arises for evaluating the CoinShares XRP ETF application. The regulatory body has made it clear that the delay is rooted in the need to ensure all proposals meet the stringent requirements expected from ETF products.
XRP Values Plummet Following SEC Updates
As a direct consequence of the SEC’s ETF decision delays, the price of XRP has taken a substantial hit. Recent data from CoinMarketCap reveals that XRP dropped to $2.89, reflecting a decline of approximately 3.82% within a single day and a 10.84% decrease over the past week.
Market analysts have weighed in, including insights from a prominent crypto analyst known as Ripple Van Winkle. Recent tweets pointed out that XRP’s decline has caused it to dip below the pivotal $3 support level, which has historically acted as a significant psychological barrier for investors. While retail investors reacted hastily and sold off, some institutional buyers reportedly seized the chance to acquire XRP tokens, totaling investments of around $3.8 billion.
Looking ahead, technical assessments indicate a symmetrical triangle pattern that suggests XRP’s trajectory will depend heavily on its ability to breach the $3.26 resistance point. If successful, it could propel the cryptocurrency toward $3.9; however, failure to maintain this momentum might push it lower, potentially breaking the $2.96 threshold. Key resistance levels are expected to hover around $3.08 to $3.14, which will serve as crucial for bulls to regain control of the market.
