The possible approval of the first spot ETFs linked to the price of XRP $XRP in the United States could give a significant boost to the price.
Just yesterday, Sunday 27th, XRP was around $3.20 after having reached peaks close to the all-time high of 2018 in recent days.
Despite the subsequent correction, many analysts believe that the Ripple token still has room to reach new records in the coming months.
The deadlines surrounding the SEC’s decisions on XRP spot ETF applications could really change the token’s trajectory.
Ripple now benefits from a more favorable regulatory framework and growing institutional interest. In short, the prospect of XRP hitting $10 has never seemed more realistic.
👉Three key decisions expected by mid-October
The SEC is expected to rule on three proposed XRP ETFs in October. The first, the Grayscale XRP Trust ETF, was filed in January and is set to expire on October 18, 2025. Next in line is the 21Shares Core XRP Trust ETF, which expires on October 19.
Finally, the most recently unveiled Bitwise XRP ETF will have a final decision by October 20. These three consecutive dates are under the market's scrutiny, as they could mark the arrival of the first spot ETFs tied to XRP's price performance.
Currently, exposure to XRP is limited to futures, such as ProShares' UXRP product . But after Ripple's partial legal victory last March, the regulatory climate in the United States has become much more relaxed.
This development strengthened XRP's position on the American markets and allowed issuers like Grayscale, 21Shares, and Bitwise to submit more ambitious listing requests. According to most crypto analysts, this was enough to rekindle institutional investors' interest in Ripple's token.
💥The market is preparing for a possible surge
Despite the volatility, XRP held steady at $3.20 after hitting $3.65. The subsequent correction, triggered by long liquidations of $105 million and a $175 million transfer attributed to Chris Larsen , did not dampen experts' optimism.
Some analysts believe that the current trend could lead to a new attempt to break above $4 in the coming weeks.
However, the real game changer would be the launch of a spot ETF, which could trigger a rally towards $ 10.
The example of spot Bitcoin ETFs, approved in early 2024, shows how these products can attract strong institutional demand. If the SEC confirms the more favorable stance adopted in March, XRP could benefit from a significant influx of capital.
This is why it's important to closely monitor mid-October. The 18th, 19th, and 20th could mark the beginning of a new phase for XRP and redefine its role in the global financial landscape.
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