🔥 Big XRP Shake-Up: SEC Delays ETF Verdict, Bulls Still Roar
The U.S. Securities and Exchange Commission (SEC) has once again delayed its final verdict on two proposed XRP exchange-traded funds (ETFs), pushing the decision back to late October.
Crypto analyst X Finance Bull (@Xfinancebull) broke the news on X, revealing that both 21Shares and CoinShares will have to wait longer as regulators carry out further review of their ETF applications.
✨ More Delays for XRP ETFs
CoinShares filed for its XRP ETF with Nasdaq back in February. The SEC now plans to give its final ruling on October 23.
21Shares submitted its Core XRP Trust ETF proposal, which would trade on the Cboe BZX Exchange, around the same time. Its new deadline is set for October 19.
While the repeated delays have left parts of the XRP community frustrated, X Finance Bull interprets the situation differently.
✨ Why the SEC Is Stalling
According to him, these extensions are not true regulatory obstacles but a matter of timing strategy. He argues that:
The SEC cannot ultimately block XRP ETF approval.
By delaying, they push prices lower, giving big players the chance to accumulate XRP at cheaper levels before the surge that an approval would trigger.
Back in June, Bloomberg raised the likelihood of XRP ETF approval to 95%, fueling optimism that the delay is only temporary. Many investors see this as the perfect window to stock up before a possible breakout.
✨ Extreme Bullish Targets for XRP
Despite the short-term dip — XRP is currently trading at $3.06 (-1.33%) — X Finance Bull has doubled down on his optimism, setting a bold $1000 price target. He has even announced plans to increase his own XRP holdings during this correction.
His view is spreading across the XRP Army, with many treating the SEC’s delay as a buy signal rather than bad news. The consensus? This could be the last chance to accumulate XRP at these prices before ETFs go live and spark a major rally.
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