- The SEC’s acknowledgment of Grayscale’s XRP ETF filing starts the review process, with a decision possible before October 2025.
- XRP trades at $2.61, consolidating within a parallel channel. Holding above $2.35 could push it toward $3.10–$3.30 resistance.
- A breakout above $2.75 could fuel bullish momentum, while a drop below $2.35 may trigger further downside toward the $2 support zone.
The U.S. Securities and Exchange Commission (SEC) acknowledged Grayscale’s 19b-4 filing for an XRP exchange traded fund (ETF) on February 13. Bloomberg Intelligence ETF analyst James Seyffart confirmed this, noting that the acknowledgment is the official start of the review process. Seyffart stated,
NEW: There it is – The SEC just acknowledged Grayscale and NYSE’s 19b-4 filing to list an XRP ETF. (this was mostly expected but officially means the clock will start soon for this and Dogecoin).
Although acknowledgment does not imply approval, it is a progress toward an XRP based ETF in the U.S. The review process officially begins once the filing is published in the Federal Register, typically a few days after acknowledgment.
Timeline and Pending Applications
The SEC has 45 days from the Federal Register publication date to approve or reject Grayscale’s application. If necessary, the agency can extend the review period by 45 days, then 90 days, and finally 60 days, with a maximum review period of 240 days. A decision could come anytime before October 2025.
The market is monitoring other firms that have filed for XRP ETFs. The Chicago Board Options Exchange (CBOE) submitted 19b-4 applications for Bitwise, Canary Funds, 21Shares, and WisdomTree on February 6. However, BlackRock has not yet filed an application, raising questions about institutional demand for XRP based ETFs.
Fox Business reporter Eleanor Terret confirmed that the SEC had acknowledged the filings, further validating the ongoing review process. Ripple CEO Brad Garlinghouse reacted to this update, stating,
I recall pointing out – more than once – that this was inevitable. (despite some vocal assertions to the contrary!)
XRP Price Movement and Key Levels to Watch
At press time, XRP was trading at $2.61, a 5.16% increase in 24 hours. Over the past week, the cryptocurrency has gained 11.87%, though it remains down by 10.48% for the month. XRP’s market cap is at $148.76 billion, with a trading volume of $5.23 billion, down 4.25% over the same period.
According to analyst Ali, XRP could climb toward $3 if it remains above the $2.30 support level. The current price pattern shows a consolidation phase, with key levels influencing potential future moves.
XRP price patterns show a parallel channel, with three critical levels. The lower boundary, ranging between $1.85 and $2, is a strong support. The mid range level near $2.65 is an equilibrium zone where price fluctuations occur. The upper boundary, between $3.70 and $3.80, is the resistance that needs to be broken to reach new ATHs.
XRP previously surged past $3.30 before seeing a sharp rejection at $3.50. It then dropped below $2.75 and currently trades at $2.61. If XRP holds above $2.35 and reclaims $2.65, it may attempt another rally toward $3.10 to $3.30.
However, a drop below $2.35 could push the price toward the $2 support level. A breakout above $2.75 could reignite bullish momentum, while failure to maintain support levels may indicate further downside pressure.
