The post XRP News: Grayscale’s XRP ETF Faces SEC Countdown – Decision by Oct 18! appeared first on Coinpedia Fintech News Grayscale’s push for an XRP exchange-traded fund (ETF ) has officially reached a key stage. As the U.S. Securities and Exchange Commission (SEC) has now posted the company’s 19b-4 filing to the Federal Register. This marks the beginning of the review period, giving the SEC a deadline of October 18 to either approve or reject the proposal. Will this push XRP to its ATH price of $3.84? SEC’s XRP ETF Decision Countdown Begins Grayscale, a leading crypto asset manager, has been actively working on expanding its ETF offerings. The firm has already gained approval for a Bitcoin ETF and has expressed interest in bringing other cryptocurrencies into the space. According to Fox Business journalist Eleanor Terrett, the filing’s publication is a crucial step in the regulatory process. While it doesn’t mean approval is guaranteed, it officially starts the clock for the SEC to engage with the application. NEW: @Grayscale ’s $XRP ETF (19b-4 filing) has officially been posted to the Federal Register. All this means is that the clock starts now for the @SECGov to engage and either approve or deny on or before October 18. pic.twitter.com/dhMSvOcSXF — Eleanor Terrett (@EleanorTerrett) February 20, 2025 The regulatory body has started a 240-day review process for the application, which began on February 14 when they acknowledged the filing . The process includes a 21-day public comment period, allowing stakeholders to share their thoughts on the proposal. After gathering feedback, the SEC will analyze the comments and assess the application. Meanwhile, the SEC has until October 18, 2025, to make a decision, whether to approve, reject, or extend their evaluation. Ripple Lawsuit Could Delay Approval Despite the progress, the XRP ETF faces regulatory hurdles. The SEC has been involved in a long legal battle with Ripple over whether XRP should be classified as a security. Although Ripple secured partial victories in court, uncertainty remains over how the SEC will approach an XRP ETF. In a recent time, the SEC has been more cautious about approving altcoin ETFs compared to Bitcoin ETFs, mainly due to concerns about market manipulation. However, if the XRP ETF gets approved, it could boost XRP’s growth and attract more institutional investors. XRP Price Could Hit ATH Price IF Approve! Looking at the XRP Price it has been moving sideways between $2.4 and $2.8 for the past few weeks. As of now, XRP is trading at around $2.66, reflecting a drop of 1% in the last 24 hours, with a market cap of $154 billion. However, some key indicators show mixed signals, as the Relative Strength Index (RSI) is at 51.84, and the Commodity Channel Index (CCI) stands at 69.60, both suggesting a neutral trend. Meanwhile, the Moving Average Convergence Divergence (MACD) hints at a possible bullish move. If XRP breaks above the key $2.75–$2.80 resistance with strong volume, it could climb to $3 and even test the $3.40 mark.
