XRP’s three-month consolidation phase may soon be over, as all eyes are on the SEC’s upcoming decision on spot XRP ETFs in October. After reaching a record high of $3.66 in July, the cryptocurrency has been in a holding pattern, with the market waiting for a fresh catalyst. The looming SEC decision on ETF filings for XRP could be the spark that reignites momentum, sending prices to new heights.
The surge in XRP’s price earlier this year was partly driven by Ripple’s victory in its long-standing legal battle against the SEC. This legal clarity removed a significant barrier, leaving investors eager for the next big milestone. October’s SEC deadline for ETF filings is now the focal point. Multiple asset managers, including Franklin Templeton, Bitwise, and Grayscale, have applied for the approval of spot XRP ETFs, with expectations running high for positive rulings.
Institutional Interest Rises with Positive ETF Forecast
Bloomberg’s ETF analysts, James Seyffart and Eric Balchunas, have expressed strong confidence that the SEC will approve several XRP ETF applications. They have placed the chances of approval at 95%, citing Ripple’s court victory as a key factor clearing the way for institutional adoption of XRP. Market sentiment is similarly optimistic, with bettors on PolyMarket giving the approval a 93% probability by the end of 2025, signaling significant expectations for an influx of institutional investors.
The possibility of XRP ETFs are approved has caused forecasts of an enormous price explosion by the analysts. Sistine Research predicts that the XRP may be trading between 37 and 50 dollars after institutional capital flows in. This would be considered a huge leap compared to the price it has today, which stands at 2.86, and this is the effect of such a shift of market forces. ETF approval would probably result in increased liquidity and range of participation in XRP, which would cause a historic price surge.
As institutional investors enter the market, XRP might have a significant surge in the next few months. With the SEC approaching its decision, the future of cryptocurrency is getting better than ever. The market is eagerly anticipating regulatory approval signals, which would then start the XRP growth next stage.
