🔹 On June 2, Nasdaq quietly added XRP to its Crypto US Settlement Price Index, putting it alongside Bitcoin, Ethereum, Solana, Cardano, and others.
🔹 This move was revealed through an updated SEC filing by Hashdex, the firm behind the NCIQ ETF — a product that tracks this index.
🔹 XRP’s inclusion could be a major step toward more institutional exposure, but there's a twist...
🧾 ETF Can’t Buy XRP Yet — SEC Rules In The Way
Right now, the ETF can only hold BTC and ETH — due to current U.S. regulations.
So even though XRP is now part of the index, the fund can’t actually invest in it yet.
📌 This creates what’s called “tracking error,” meaning the ETF’s performance might not match the full index.
📌 Hashdex is waiting for the SEC to approve a rule change so they can include assets like XRP, SOL, ADA, and more.
🗓️ A final decision is expected by November 2 — and that could be a game-changer for XRP’s exposure.
💸 Why This Matters for XRP Traders
✅ Being added to a Nasdaq index is a big credibility boost.
✅ It signals that major players like Nasdaq are preparing for a future where XRP may be allowed in U.S. ETFs.
✅ If the SEC approves the rule change, institutional buying could ramp up quickly
But for now… the market isn’t reacting.
📉 Price Still Weak — What’s the Chart Saying?
Even with the Nasdaq news, XRP is trading around $2.22 and showing bearish signs:
🔻 Facing resistance at $2.30 — failed to break above
📉 Short-term charts (2H, 30M, 1M) show RSI nearing oversold and MACD staying negative
💥 Support at $2.14 is being tested again — a break could send XRP lower
Unless buyers push XRP above $2.30 with strong volume, traders may see further dips.
🧠 What Smart Traders Should Watch
✅ SEC decision in November – if approved, XRP can enter regulated ETFs
✅ Volume spikes around $2.30 resistance – sign of bulls coming back
✅ Any shift in Bitcoin/market sentiment – XRP likely to follow
📝 Bottom Line:
XRP just got a major nod from Nasdaq — but it’s waiting for SEC green light before it can really benefit.
The price action remains weak for now, but if ETF rules change, XRP could see a surge in institutional demand.
For now, patience is key.
#XRP #Nasdaq #CryptoETF #SEC $XRP