Pro-XRP software engineer Vincent Van Code has sparked renewed optimism across the XRP community.
In a tweet, he hinted at major developments on the horizon for XRP. “We might see some big announcements in favor of XRP,” he wrote. Van Code stated that these bullish announcements could arrive as soon as the U.S. government reopens.
Notably, his post comes as the U.S. government approaches the end of its temporary shutdown. The present situation has slowed regulatory progress, particularly surrounding the long-awaited XRP exchange-traded fund (ETF) approvals.
Many in the community now see the reopening as the moment when long-delayed XRP-related announcements could finally be revealed.
XRP ETF Decisions May Resume After Shutdown
Over the past month, several major asset managers, Grayscale, Bitwise, and Franklin Templeton, submitted final S-1 amendments for their spot XRP ETFs.
As of the latest update, ticker symbols such as GXRP and XRPZ have been registered. This indicates that these products are nearly ready for launch once the U.S. SEC resumes full operations.
However, as Van Code previously noted, no ETF approval can occur during the government shutdown. He estimated that even after reopening, it could take another four weeks for official decisions, potentially setting up a late November or early December timeline.
Analysts Expect “Very Big News” for XRP
Van Code’s renewed optimism echoes earlier predictions from analysts who believe XRP is nearing a major turning point. In September, Cryptoinsightuk said the asset was “very close to a major development.”
He cited potential catalysts such as U.S. approval of a spot XRP ETF and progress on the Clarity Act, a bill aimed at defining digital asset regulations.
He also referenced the possibility of U.S. government involvement with Ripple, either through partnerships or by utilizing Ripple’s escrowed XRP for financial infrastructure.
This theory has circulated since President Donald Trump’s March statement suggesting that XRP would be among the digital assets held by the government.
Institutional Interest Mounts
While regulatory momentum has paused, institutional activity around XRP continues to grow. Santiment data recently revealed that large wallets accumulated nearly 30 million XRP in a single week.
Meanwhile, the newly launched REX-Osprey XRP ETF recorded $37.7 million in first-day natural volume. CME Group’s XRP futures surpassed $26 billion in notional volume.
Analysts estimate that spot ETF approvals could attract up to $10 billion in inflows within the first year. They see these propelling XRP toward double-digit prices.
Outlook
Between Ripple’s billion-dollar acquisitions this month, ETF filings nearing approval, and predictions from top analysts, the stage appears set for what Van Code describes as “big announcements in favor of XRP.”
Indeed, should the government reopen in the coming days, the long-awaited decisions, including ETF approvals and possible policy developments, could trigger XRP’s next major breakout.
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.
