XRP community figure Zach Rector has expressed confidence that the market has not yet priced in the impact of the XRP ETFs.
His statement highlights the belief that the market has yet to fully recognize the potential impact of upcoming spot XRP exchange-traded funds (ETFs), which are now edging closer to approval. Moreover, it suggests that news of an approval could still impact the XRP price.
XRP Price as ETFs Near Final Approval
XRP has shown discouraging price action over the past few weeks, even as Ripple makes big announcements about billion-dollar acquisitions. Trading at $2.41, the coin is down 16% over the last 30 days.
Until now, market watchers have had their eyes on ETF approvals to turn things around. However, optimism has diminished following recent political events in the United States. As a result, Rector argued, “XRP ETFs are not priced in. Not at all.”
Notably, recent developments show that multiple major asset managers, including Grayscale and Franklin Templeton, have filed their final S-1 amendments for spot XRP ETFs.
These filings, many of which now include ticker symbols like GXRP and XRPZ, signal that the products are nearly ready for launch once the U.S. SEC resumes full operations. ETF analyst Nate Geraci earlier described these filings as a clear sign that “we’re getting close.”
However, the ongoing U.S. government shutdown has slowed progress. With the SEC operating on a limited basis, they have temporarily paused decisions on several ETF filings. In effect, this extends the timeline for official approval and trading debut.
Shutdown Delays, But Momentum Builds
While the shutdown has put regulatory timelines on hold, analysts agree that it hasn’t dampened enthusiasm.
Pro-XRP lawyer John Deaton recently pointed to “XRP’s cheap price,” implying that the current price lull could represent an opportunity before institutional demand floods in.
According to Santiment data, institutional wallets have accumulated nearly 30 million XRP this week. This signals quiet confidence from bigger players preparing for ETF-driven inflows.
30 million $XRP accumulated by whales in the last 24 hours! pic.twitter.com/wNt61lgwWI
— Ali (@ali_charts) October 21, 2025
Retail Investors May Still Be Early
Rector’s view that XRP ETFs are “not priced in” mirrors the sentiment of many in the community who see current prices as undervalued. XRP is trading at around $2.40, well below its projected post-ETF targets.
Analyst estimates suggest that once spot XRP ETFs go live, institutional investments could reach between $5 billion and $8 billion in the first year, similar to the surge that followed Bitcoin ETF approvals.
These expectations are fueling the belief that XRP could rally toward double-digit territory. In particular, some forecasts suggest prices could rise to $50 after the ETF’s debut and as liquidity deepens.
When Approval?
According to software engineer Vincent Van Code, a prominent figure in the XRP community, ETF approvals will not happen during the government shutdown. He argued that even after the government reopens, it could take another four weeks before any decisions come up.
In his view, ETF approvals will likely face delays until late November or December.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
