Home Blog Page 486

If You’re Not Willing to Hold XRP for 10 Years, Don’t Get In: Crypto Coach

Abdulkarim Abdulwahab
-
0
If You’re Not Willing to Hold XRP for 10 Years, Don’t Get In: Crypto Coach

Crypto coach and influencer Coach JV has again reiterated the importance of patience and conviction when investing in XRP.

He urged followers to stay focused on long-term value rather than short-term price action. In his latest remarks, he emphasized holding a strategy built on discipline, with XRP, Bitcoin, and Solana (SOL) forming the core of his portfolio.

“Be Ready for a 10-Year Journey or Get Wrecked”

According to Coach JV, many investors are still chasing quick profits without understanding what they’re holding. He stressed that those who aren’t prepared to hold an asset for a decade or who lack strong conviction in their choices should reconsider entering the market. He believes acting solely on emotion often results in significant financial setbacks.

In parallel, Coach JV disclosed that Bitcoin remains his “supercharged savings account,” an asset he says he plans never to sell. 

As for XRP and Solana, they also represent long-term investments, but among altcoins, he plans to take profits during blow-off tops due to their tendency for exceptional price action.

Bitcoin as Savings, XRP as Utility

Coach JV’s strategy aligns with what many investors now believe: that Bitcoin is digital gold, while XRP offers real-world utility for global payments.

He takes profits from altcoins when prices rise and reallocates them to build a safer, more stable financial base for long-term strength rather than short-term gains.

Friday’s big market swings showed exactly why, in his view, it’s better to stay patient and prepared than to trade on impulse.

For context, Bitcoin’s price dropped over 16% on Friday night, while XRP plunged 56%. Other altcoins, like SUI, crashed by over 85%. However, most of the market has since recovered, with some tokens, such as BNB, already reaching new all-time highs.

Discipline Over Emotion

“Discipline, patience, and conviction will always beat emotion,” Coach JV said, summing up his approach to building a strong financial foundation. He believes holding assets like XRP for the long term can protect against the falling value of traditional money and help investors avoid panic during market downturns. 

Essentially, Coach JV urges investors to stay disciplined, stay confident, and let time work in your favor.

XRP’s Potential Price Ten Years from Now

XRP is trading at $2.60 today, and there have been numerous long-term forecasts about where its price could go in the years ahead.

An analysis by The Crypto Basic in September suggests XRP could reach between $20 and $50 by 2030. The estimate assumes continued adoption and favorable regulatory developments.

Over longer horizons, the report estimates potential prices of $100–$300 by 2035, $500–$1,000 by 2040, and even $1,500–$5,000 by 2050 in a best-case scenario.

These bullish forecasts continue to fuel optimism among investors holding XRP for the long term, as they suggest a potential 1,000X return. However, these projections remain speculative and come with no guarantees.

Here’s How XRP Spot ETFs Could Massively Impact Supply and Drive Up Price

Sam Wisdom Raphael
-
0
Here’s How XRP Spot ETFs Could Massively Impact Supply and Drive Up Price

A crypto CEO has explained how XRP spot ETFs could make a difference for the XRP supply situation and XRP price, as opposed to XRP futures ETFs.

This comes as the market waits for the U.S. SEC to approve XRP spot ETFs. While futures-based XRP products have already found early success, investors suggest that the real impact will come when spot ETFs hit the market.

Claver Explains How XRP Futures ETFs Work

Jake Claver, CEO of Digital Ascension Group, believes the difference between futures and spot ETFs could make a massive difference for XRP. 

He explained that futures ETFs don’t create real demand because they never buy the actual tokens. According to him, fund managers purchase futures contracts that settle in cash, not XRP, which means they never touch the underlying asset. 

Notably, they roll those contracts over before they expire. Even if they ever received XRP through a contract, they would sell it right away.

Claver noted that this setup is essentially paper trading wrapped in an ETF label. Since these funds never hold XRP, they don’t reduce its available supply, and that lack of scarcity means prices don’t rise from ETF activity.

XRP Spot ETFs Could be a Game-Changer

He contrasted this with spot ETFs, which he said would have a direct impact on supply and demand. Specifically, spot ETFs must buy and hold real XRP to back every share they issue. 

Custodians like Coinbase and Anchorage store the tokens securely, with each share tied to anywhere from 5 to 50 XRP. Once the funds purchase and lock those tokens, they effectively leave circulation unless investors sell their shares.

Claver compared this upcoming development to what happened with Bitcoin. Futures ETFs for Bitcoin existed for years, but the market did not feel any real impact until spot Bitcoin ETFs launched in January 2024. These products created real buying pressure because every dollar flowing in required actual Bitcoin purchases.

According to Claver, XRP now sits in a similar position. The SEC typically wants at least half a year of futures trading before approving spot products, and XRP has already met that condition. Now that XRP has cleared this hurdle, the market pundit believes the market is ready for what he called “real price discovery.”

He warned that when APs start buying millions of XRP from exchanges with limited inventory, the market could experience a serious supply crunch. Liquidity on exchanges is already lower than ever, which could lead to fierce competition among institutions trying to accumulate XRP.

To Claver, the approval of spot XRP ETFs would represent the start of the “real game.” He believes that once institutions begin competing for real tokens in a tightening market, XRP could see the kind of supply-driven price movement that futures ETFs could never produce despite their early success.

Futures ETFs Enjoying Early Successes

For context, this year, several XRP futures ETFs have launched, showing growing institutional interest in the asset. Teucrium’s XRP Futures ETF (XXRP), which started trading in April 2025. Within weeks, it attracted $121 million in assets under management (AUM).

Following Teucrium’s success, Volatility Shares introduced its XRP ETF (XRPI) in May, trading on Nasdaq. Also, in July, ProShares introduced the Ultra XRP ETF (UXRP). 

REX-Osprey joined the trend last month with its XRPR ETF on Cboe. While the product was primarily spot-based, it included futures elements that helped boost its early launch. The ETF set a 2025 record with $37.7 million in first-day trading volume.

Even with these futures-based products performing well, most market participants now look toward spot ETFs as the true game-changer. Several major firms, including Grayscale, Bitwise, Canary Capital, and WisdomTree, have already filed applications, with decisions expected once the U.S. government shutdown ends.

Here’s How High XRP Could Go if It Becomes the Second Deflationary Top-5 Coin

Sam Wisdom Raphael
-
0
Here’s How High XRP Could Go if It Becomes the Second Deflationary Top-5 Coin

Expert projections suggest XRP price could skyrocket beyond the $100 milestone if XRP becomes the second deflationary top 5 coin.

While XRP started with its full supply of 100 billion tokens already pre-mined, the XRP Ledger includes a burning system that destroys a small amount of XRP with every transaction, slowly cutting down its total supply. However, XRP isn’t yet a fully deflationary asset.

XRP’s Journey to a Deflationary Standard

This is because Ripple still holds a large portion of the total supply in escrow and releases a set amount each month. Notably, the system keeps supply changes predictable and prevents sudden selling pressure, but it also keeps XRP slightly inflationary for now.

XRP will only become truly deflationary once Ripple finishes releasing all tokens from escrow, leaving the burn mechanism as the only factor impacting supply. 

At press time, Ripple holds about 35 billion XRP in escrow. However, the company typically unlocks 1 billion tokens monthly but relocks around 700 million, leaving 300 million newly available each month. 

If this pattern continues, Ripple will use up the entire escrow in nine years and eight months, which sits around July 2035. At that point, XRP would operate under a fully deflationary model.

The burning mechanism would then be the only influence on supply, removing tiny fractions of XRP with every transaction on the ledger. This change would make XRP the second deflationary coin among the top five cryptocurrencies, joining BNB. Meanwhile, the question remains: how could this change affect XRP’s price?

To assess the potential impact, we asked Google Gemini what XRP’s price might look like once it becomes deflationary. At the time of the assessment, XRP traded for $2.55 with a market cap of $153 billion.

XRP Price as a Deflationary Token

According to Gemini, this scenario is entirely hypothetical and depends on XRP’s supply shrinking once Ripple’s escrow runs out and the burn system fully takes over. 

Gemini explained that if this happens, XRP could see a strong rally due to growing demand and limited supply. It noted that the token’s price would reflect its expanding utility and transaction activity rather than just market sentiment.

Notably, in a conservative bullish outlook, Gemini suggested that if XRP’s market cap rises to $1.5 trillion, about ten times higher than now, and its circulating supply drops by roughly 10% to 54 billion tokens, the price could climb to around $27.78.

XRP Price Prediction Google Gemini
XRP Price Prediction Google Gemini

Meanwhile, in a stronger scenario, Gemini compared XRP’s future potential to BNB’s past performance. If XRP’s market cap grows to $2.5 trillion, about 16x larger than today, and its circulating supply falls by 25% to 45 billion tokens, the price could reach $55.56.

However, in an extremely bullish setup, Gemini estimated that if XRP reaches mass adoption for global payments, driving a higher burn rate, its market cap could hit $5 trillion. With the supply cut in half to 30 billion tokens, XRP could soar to roughly $166.67.

XRP Price Prediction Google Gemini
XRP Price Prediction | Google Gemini

Overall, Gemini concluded that in a fully deflationary and highly active market, the XRP price could realistically land anywhere between $25 and $175. 

However, this assessment does not consider that the XRP price could already be much higher by 2035. Instead, it considers the current price, with the evaluation only based on current figures.

Here’s When Last Elon Musk Interacted With XRP

Elendu Benedict
-
0
Here’s When Last Elon Musk Interacted With XRP

A tweet has resurfaced involving an interaction between Ripple (XRP) and Elon Musk, sparking speculations that the world’s richest man may be an XRP fan.

Elon Musk has been vocal about his love for technological innovations, including cryptocurrencies. While he has publicly disclosed his support for Bitcoin and the leading meme token, Dogecoin, his support for other cryptocurrencies remains undefined.

Elon Musk Interacted with the Ripple CEO

Nonetheless, a reaction from Musk nearly three years ago has continued to make the rounds in the XRP community. The X owner replied to a comment from Ripple CEO Brad Garlinghouse on October 20, 2022.

“No way,” Musk said in response to Garlinghouse’s statement about the US SEC’s transparency issues during the years-long legal tussle with Ripple. For perspective, Ripple CLO Stuart Alderoty confirmed that the Commission has released the William Hinman document, which includes internal SEC emails and drafts from before his 2018 speech that Bitcoin and Ethereum are not securities.

Alderoty noted that the SEC released this after over 18 months and six court cases but highlighted that it was worth the wait. In response, Garlinghouse emphasized that although the agency claims to care about disclosure, transparency, and clarity, it has not demonstrated any of these qualities.

The CEO further noted that the truth would eventually surface, to the shame of the top Wall Street watchdog. This drew the reaction from Elon Musk, which is currently a hot discussion in the XRP community.

Is Elon Musk a Fan?

Meanwhile, several accounts have reshared the tweet, with some suggesting that Musk is a fan of XRP. Some others noted that the Tesla CEO knows XRP, suggesting interest in the XRPL native token.

Nonetheless, other reactions suggested that his comment was more of an interest in the US SEC rather than Ripple or XRP. Notably, Musk, also known as the DogeFather, has not hidden his dislike for the Commission.

He called the SEC “bastards” in 2022 and posted a cryptic message about the agency in an X post the same year. This comes after he noted in a 2018 interview that he does not respect the SEC.

As a result, they believe that Musk’s comment was not a sign of approval for XRP. Nonetheless, the intent of the tweet remains highly speculative, as Musk has not made any notable comment to support either argument since then.

Analyst Alleges ‘Serious Market Crime’ as XRP Posts 100% Wick on Binance

Abdulkarim Abdulwahab
-
0
Analyst Alleges ‘Serious Market Crime’ as XRP Posts 100% Wick on Binance

Trader Bluntz has triggered discussion about XRP by highlighting highly unusual price action on Binance, alleging market manipulation.

The comment came after the sudden and dramatic flash crash across the crypto market on Friday night. Major assets, including Bitcoin, Ethereum, and XRP, plunged to extreme lows before rebounding just as quickly.

XRP Flash Crashes to $1.25 Before Rebounding to $2.60

According to data from Binance, XRP price plummeted from a daily high of $2.83 to a low of $1.25 in a matter of hours, a staggering 56% drop within a single day.

However, what made the event even more dramatic was the rapid recovery. Specifically, XRP bounced back to around $2.40 just hours later, erasing most of the losses almost instantly. At press time, the coin is trading above $2.60, marking a 108% rebound from the $1.25 low.

This price movement left a long wick on the candlestick chart with a very small body, highlighting extreme volatility.

“Some serious crime went down a few days ago,” Bluntz posted on X, along with a screenshot of the Binance chart.

Bluntz's XRP chart
Bluntz’s XRP chart

The Suspects Behind the Move

Market commentators have pointed to intentional manipulation, algorithmic trading errors, and cascading liquidations as possible causes.

Indeed, the market recorded an unprecedented level of liquidations that day, with $19 billion wiped out, $16 billion of which came from long positions.

In a tweet, market watcher Vivek Sen remarked that a large whale opened a massive short position just before the Trump announcement that triggered the crash. Notably, according to the report, the trader opened the account on the same day as the transaction and netted a profit of nearly $100 million within hours.

Responding to the tweet, John Deaton, a former U.S. Senate candidate and founder of CryptoLawUS, remarked that the case deserved investigation.

However, others disagreed, arguing there is no provision under current CFTC laws to prosecute individuals for insider trading, since Bitcoin is classified as a commodity. Deaton maintained that the investor could still be charged with conspiracy to commit wire fraud and wire fraud itself.

Meanwhile, Binance experienced a technical glitch that caused additional losses for users. The exchange has since reimbursed affected users, with payouts exceeding $280 million.

These combined events help explain the extreme volatility witnessed in major assets on Friday night. Interestingly, tokens like SUI and Cosmos (ATOM) saw their prices plummet to near zero before recovering almost immediately.

“XRP Goes to ATH with Haste”

While XRP has stabilized above the $2.60 level for now, with Bitcoin also recovering, the market is now focusing on the resumption of the bullish rebound that began in early October.

According to trader Bluntz, XRP could blast to a new all-time high “with haste,” making the earlier dip a massive accumulation opportunity for those who took advantage of it.

Top Investor Says XRP Reclaiming $2.70 Will Be Phenomenal: Here’s Why

Elendu Benedict
-
0
Top Investor Says XRP Reclaiming $2.70 Will Be Phenomenal: Here’s Why

Cameron Scrubs, a top trader and founder of Tradeship University, has branded the $2.70 level the most important for XRP over the past three months.

He noted in his Sunday tweet that reclaiming the crucial price mark would be essential for a subsequent bullish development for XRP. The pundit called the anticipated move “phenomenal,” insisting it would see XRP teleport back to $3.

XRP and the $2.70 Support

Notably, XRP experienced a sharp fall on Friday, as it plummeted from around $2.80 to a low of $1.37. The downside saw it lose multiple support areas at a go, including the $2.70 demand zone.

While prices have recovered across the board, XRP currently trends below the support area. Notably, XRP has found support around the area multiple times over the last three months, reestablishing the importance of the zone.

XRP bounced considerably after a sharp drop to $2.72 on August 3. It rebounded on September 1 after dropping to $2.70 and again on 22 and 26 of the same month, when it fell to the support level.

Scrubs noted that this establishes the price area as the most important support for XRP over the last three months. Furthermore, he highlighted that if XRP reclaims it, this would set the path for a rebound to above $3.10 as seen in previous instances.

XRP trades at $2.62 at the time of writing, bringing it closer to the support level. The token needs to increase by a mere 3% to reclaim $2.70, which, according to the analysis, opens the door for more upside.

XRP Reclaims Level of Interest

Meanwhile, BLOCK BULL highlighted a bullish development on the XRP chart following positive recovery signs. He spotlighted an XRP recovery to close above the key “level of interest” on the weekly chart.

This all-important weekly close saw it trade above an ascending support trendline. An accompanying chart shows that the support has been in place since December 2024, with each retest resulting in a strong rebound.

XRP Reclaims Key Level of Interest
XRP Reclaims Key Level of Interest

Following the close, the analyst predicted that higher prices would ensue. His chart suggests a possible rally to the swing high of $3.65, close to July’s peak price of $3.66. From the current price of $2.62, this represents a 39% price jump.

Remarkably, analysts have continued to speculate on the possibility of XRP reclaiming the $3.66 high. Millionaire trader Gordon shared a similar claim, noting that the move would be “fast and aggressive.”

2025 Nobel Peace Prize Winner María Corina Machado Called Bitcoin a “Lifeline” Against Economic Repression

Zabi
-
0
2025 Nobel Peace Prize Winner María Corina Machado Called Bitcoin a “Lifeline” Against Economic Repression

Venezuelan political leader and human rights advocate María Corina Machado has been awarded the 2025 Nobel Peace Prize for her decades-long advocacy to restore democracy and human rights in Venezuela.

But beyond her political struggle, Machado has emerged as one of Latin America’s most prominent Bitcoin supporters, championing the cryptocurrency as a path to economic freedom.

Machado believes Bitcoin’s decentralized nature offers Venezuelans a way to escape government-imposed financial repression.

Her recognition by the Nobel Committee shines a global spotlight on the increasing intersection of technology and human rights in the modern era.

Bitcoin: Venezuela’s Financial Lifeline During Crisis

Between 2016 and 2023, Venezuela’s economy collapsed under hyperinflation and currency controls. The national currency, the bolívar, lost almost all its value. Ordinary citizens saw life savings vanish overnight, while the government heavily restricted access to U.S. dollars.

In this environment, many Venezuelans turned to Bitcoin. They used it to protect their savings, send remittances, and bypass government exchange rates.

Speaking with Alex Gladstein of the Human Rights Foundation in 2024, Machado said Bitcoin had become a “lifeline” for those facing economic turmoil.

“Some Venezuelans used Bitcoin to finance their escape or to survive hyperinflation,” she said. “It has evolved from a humanitarian tool into a means of resistance.”

Political Challenges and Criticism

Despite her growing international recognition, Machado’s movement faces controversy. Some critics claim Venezuela’s opposition leaders act under foreign influence.

According to The New York Times, five Venezuelan opposition figures met with U.S. Secretary of State Marco Rubio in May 2025 to discuss political change. Machado, however, has denied external interference, insisting her mission is rooted in freedom, equality, and self-determination for all Venezuelans.

Bitcoin and Global Freedom Movements

Machado’s praise for Bitcoin reflects a broader global trend. Around the world, activists are turning to peer-to-peer (P2P) technologies to resist censorship and state control.

For context, in 2022, Canadian trucker protesters turned to Bitcoin after the government froze their bank accounts during COVID-19 demonstrations. Supporters turned to Bitcoin donations, raising over 20 BTC, most of which stayed beyond government seizure due to the decentralized nature of the transactions.

Similarly, in September 2025, protesters in Nepal used Jack Dorsey’s Bitchat app, a Bluetooth-based, internet-free communication tool, during a state-imposed social media and internet blackout. The app allowed activists to stay connected through a local mesh network, avoiding digital surveillance.

Binance Pays $283 Million to Users After Sudden Crypto Depeg Incident

Zabi
-
0
Binance Pays $283 Million to Users After Sudden Crypto Depeg Incident

Binance, the world’s largest cryptocurrency exchange, has paid out $283 million to users impacted by a short but intense market disruption on October 10, 2025.

The event caused three Binance Earn assets, Ethena’s USDe, Binance’s Solana liquid staking token (BNSOL), and Wrapped Beacon staking token (WBETH), to temporarily depeg from their target prices.

According to the exchange, the disruption lasted about 40 minutes, from 21:36 to 22:16 UTC. During that period, rapid price swings spread across the platform, ultimately triggering the temporary depegging.

What Went Wrong During the Crash

During the sell-off, USDe, a stablecoin meant to maintain parity with the U.S. dollar, dropped sharply to $0.66 on Binance. However, prices on other exchanges remained close to $1, indicating a localized problem rather than a systemwide collapse.

This discrepancy prompted clarification from Ethena Labs, the issuer of USDe. In an X post, Guy Young, CEO of Ethena Labs, stated that it was inaccurate to describe the event as a “USDe depeg”. He explained that the largest liquidity pools outside Binance remained stable throughout the volatility.

Who Received Compensation

The $283 million compensation package covered users involved in futures, margin, and loan positions that used the affected assets as collateral. Binance also reimbursed customers who faced losses from internal transfers or Earn redemptions during the crash window.

According to the company, compensation was issued in two batches, and case reviews are still ongoing for the remaining claims.

Moreover, Binance executives publicly apologized to users for the disruption and emphasized their commitment to maintaining customer trust.

Binance Denies Attack Rumors

Soon after the incident, several online posts claimed that Binance was attacked, leading to the depeg. The company has firmly denied those rumors.

In a statement, Binance said that the market downturn occurred before the price irregularities appeared. Specifically, trading data showed that the lowest prices happened between 21:20 and 21:21 UTC, whereas the depeg started about 15 minutes later. The exchange described this as a secondary effect, not the cause of the broader crash.

Measures to Prevent Future Depegs

To restore confidence, Binance introduced new mechanisms to stabilize asset prices in its Earn markets. These include adding redemption prices to the index weights and implementing a soft price floor for USDe to limit extreme deviations.

Additionally, the exchange addressed irregular price moves in IOTX and ATOM. These tokens momentarily plunged to near zero due to old limit orders dating back to 2019. Binance said it will update its display systems after a technical glitch showed a zero price for the IOTX/USDT pair.

BNB Token Rebounds Amid Broader Recovery

Despite the chaos, the crypto market rebounded quickly over the weekend. BNB, the native token of Binance Smart Chain (BSC), jumped nearly 15% in 24 hours, reflecting renewed optimism among traders.

Binance stated that it remains committed to “protecting user assets above all else” and will continue reviewing its systems to ensure greater resilience and transparency in volatile conditions.

CZ Explains Why Binance Coin (BNB) Is So Strong

Albert Brown
-
0
CZ Explains Why Binance Coin (BNB) Is So Strong

Co-founder Changpeng Zhao (CZ) has lauded the efforts of Binance in compensating users affected by the depegging of Binance ecosystem tokens in the historical market crash.

CZ shared on his X handle that it is for reasons like this that Binance and the BNB Chain ecosystem are strong. This comes after Binance returned $283 million to its users who suffered losses attributed to the platform during the October 10 market crash.

Binance Takes Blame Instead of Shifting It: CZ

The Binance co-founder further emphasized that while others tried to ignore the discontent in the community, shift blame, or attack competitors, major BNB Chain ecosystem players like Binance and Venus took a different approach.

He noted that they took “hundreds of millions” from their own pocket to “protect users.” To him, this act explains why the ecosystem would remain a key player in the crypto sector.

Notably, his comments were in response to a tweet from AB BNB, a top global Binance influencer for 2024. His post emphasized Binance’s unique approach following the record $19.3 billion user liquidation on October 10.

Less than 24 hours after the crash, Binance compensated affected users with over $283 million. He noted this contradicts the disposition of other exchanges, which either “disappeared” or “exploited the chaos.”

Binance Pays Out $283M in Compensation to Users

Yi He, the chief customer service officer at Binance, confirmed this in an October 11 tweet. She highlighted that the exchange would compensate those affected by the platform’s malfunction on the day of the intense market pressure.

Notably, packaged assets like Ethena’s USDe, the Binance-issued BNSOL token, and Wrapped Beacon liquid Ether (WBETH) depegged on Binance on Friday amid the market chaos, causing losses for users. Binance promised to compensate these users and, according to reports, has paid out over $283 million to them.

Remarkably, the compensation does not cover users who lost money due to market fluctuations or had unrealized profits before the crash. It was squarely for users who incurred losses “attributable to Binance.”

AB BNB insisted that this showed leadership and transparency on the part of Binance, noting it would remain the top exchange globally for this act.

BNB Shows Strength

Meanwhile, BNB further reflected the strength of the Binance ecosystem, as it has shown incredible resilience despite a broader market capitulation. While other assets are on the verge of recovery, the token has totally overturned all downsides incurred due to the correction.

For context, BNB is up over 10% over the past week, making it the only asset on the top 20 list that is seeing gains in the last seven days. This momentum has entered the new week, as it trades near its all-time high of $1,350, attained on October 7.

Deaton Says XRP Is ‘A Bit Cheaper Today’ as Spot XRP ETF Filings Advance to Approval

Abdulkarim Abdulwahab
-
0
Deaton Says XRP Is ‘A Bit Cheaper Today’ as Spot XRP ETF Filings Advance to Approval

Pro-XRP lawyer John Deaton has drawn attention to XRP’s discounted price as ETF issuers update their S-1 filings with ticker symbols.

As the market awaits regulatory approval for XRP ETFs, Deaton offered a light remark on X, saying, “XRP is a bit cheaper today,” followed by a thoughtful emoji.

His comment comes as XRP trades slightly lower than last week’s high, despite pending spot XRP ETF approvals advancing to the final stage.

XRP ETFs Advancing to Approval

For context, late last week, ETF analyst Nate Geraci revealed that another batch of S-1 amendments had been filed for spot XRP ETFs. The list of issuers includes Grayscale, Bitwise, Franklin Templeton, 21Shares, WisdomTree, and Canary Capital — all seeking to launch their respective XRP investment products.

Notably, several filings have now added ticker symbols, which is one of the final steps before approval. Grayscale’s XRP ETF will trade under GXRP, Franklin Templeton’s under XRPZ, and Canary’s under XRPC. Geraci described this development as a sign that the industry is “getting close” to launch.

The SEC’s pending decisions on these applications were initially between mid and late October. In particular, Grayscale’s ruling is due on October 18 and Bitwise’s is on October 22.

Shutdown Stalls Approvals

However, the ongoing U.S. government shutdown has tempered the optimism as the SEC’s operational capacity drops. The agency has suspended certain review functions, including accelerating registration statements and declaring S-1s effective. These are necessary steps for ETFs to begin trading.

Crypto reporter Eleanor Terrett explained that the shutdown has left the SEC operating with a skeleton crew, delaying all pending ETF actions.

She added that with the generic listing standard now in effect and the SEC’s request for issuers to withdraw their 19b-4 filings, traditional deadlines may no longer apply.

According to Polymarket data, there is now a 49% probability that this shutdown could become the longest in U.S. history. This potential outcome further clouds the timeline for XRP ETF launches.

Prediction on U.S. Shutdown | Polymarket
Prediction on U.S. Shutdown | Polymarket

Market Outlook: Cheaper, But Closer

Despite the bureaucratic hurdles, XRP ETF issuers continue to refine their filings, suggesting confidence that approvals are inevitable once normal SEC operations resume.

Analysts interpret these amendments, especially the inclusion of ticker symbols, as an indication that the process is in its final stretch.

Deaton’s remark that “XRP is a bit cheaper today” resonates with the broader XRP community’s belief that the current lull represents a buying opportunity ahead of institutional inflows once ETFs go live.

In other words, while Washington stalls, Wall Street prepares, and the XRP community is watching closely. At press time, XRP is trading at $2.59, up 8% today. The coin’s price had dropped to an eleven-month low of $1.20 over the weekend but has since rebounded by over 100%.

Some market commentators believe that XRP ETFs going live this year could help the token’s price break past $10.

1...485486487...2,634Page 486 of 2,634