- XRP climbs 1% to $2.30; technicals signal potential rally toward $4-$6 if $2 support holds firm.
- SEC’s split stance—futures greenlit, spot delayed—tests XRP’s balance between regulatory hurdles and payment-tech market confidence.
The SEC postponed a decision on the Franklin XRP Fund this week, extending its review period by 45 days to June 17, 2025. The delay follows the agency’s recent approval of the first XRP futures ETF, proposed by ProShares, which analysts say improves prospects for eventual spot XRP ETF approvals.
Some more detail after speaking with ETF guru @JSeyff just now:
These dates are all intermediate and we will likely see final decisions on a lot of the crypto ETPs in Q4. For the $XRP spot ETF, James is eyeing mid-October, around the 18th, as a final decision deadline. It’s… https://t.co/6FDIayFpHS
— Eleanor Terrett (@EleanorTerrett) April 29, 2025
James Seyffart, a Bloomberg ETF analyst, noted the SEC faces a mid-October deadline to finalize rulings on spot XRP ETFs. While the commission could wait until late 2025 to decide, Seyffart suggested decisions may arrive sooner given growing political support for crypto under the current administration.
XRP’s price rose 1% to $2.30 after the news, continuing a trend fueled by institutional interest. The token’s market valuation now exceeds $229 billion, with daily trading volume averaging $2.5 billion. ETHNews analysts attribute part of this demand to expectations that regulated ETFs could broaden investor access.
Technically, XRP has held above $2—a level analysts view as critical support. Crypto strategist MikyBull argues this stability sets the stage for a push toward $4-$6, a price range last seen in 2021. The token’s ability to maintain momentum despite regulatory delays reflects market confidence in its long-term role in cross-border payments.
The SEC’s mixed signals—approving futures products while delaying spot ETFs—highlight ongoing tensions between innovation and oversight. For XRP, the path forward hinges on balancing regulatory clarity with real-world utility, a challenge that could define its place in crypto’s evolving hierarchy.
