Main notes
- SEC begins the expanded review of the Grayscale XRP ETF application.
- Analysts expect ETF approval decisions earlier in the late Q2.
- XRP holds a steady at $ 2.35 with minimal change in daily price.
The US Securities and Stock Exchange Committee (SEC) has postponed its decision regarding the Grayscale request for the XRP spot
Xrp
$ 2.22
24 hours fluctuation:
0.8 %
The maximum market:
129.99 dollars b
Folder. 24h:
$ 2.17 b
Exchange trading box (ETF). According to organizational standards, the agency has started official procedures to request public comments and make a deeper analysis.
This delay It is not a surprise for most experts. James Sevart, Bloomberg analyst ETF, commented that such decisions usually follow the full review window placed under Article 19B-4.
According to SEYFART, most ETF applications associated with XRP have final deadlines in October, and any early provisions will collapse from historical trends.
Lotta questions. Response here:
It usually takes SEC * * full time to respond to the 19B-4 file. Almost all these deposits have final entitlement dates in October. Early decisions would be the non -standard procedure. Regardless of the “friend of encryption” this SEC
nothing …
Jseyff May 20, 2025
He pointed out that some XRP boxes are due to updates soon, but the meaningful decisions, especially approvals, are more realisticly expected between the late second quarter and the early fourth quarter.
XRP Price Outlook
Meanwhile, XRP continues to trade near $ 2.35 with no large movement 24 hours. The weekly XRP chart insists on a possible outbreak similar to the early stages of the bull market pattern in late 2024. This gathering witnessed a XRP missile more than 500 % within a few months after breaking it over a long -term descending triangle.
Market monitors now hope to have a similar bullish momentum. Blockchain data reveals that the treatment of stones ranges between 10 million and 100 million XRP increased its holdings from 7.56 billion to 7.67 billion symbols during the past five days.
On the daily XRP price scheme, the relative strength index currently sits about 51, indicating equal pressure from buyers and sellers. This indicates that the fourth largest encrypted currency needs a new purchase to continue its upscale track.
XRP price chart with RSI and Bollennger | Source: Trading Offer
Bollinger Bands has expanded recently, with XRP trading near the medium range (SMA for 20 days), hinting in a short -term unification period. If the cryptocurrency fails to keep this level, it may decrease to the bottom of about $ 2.05.
The average average rapprochement (MACD) is also due to an intersection of ascension with the currently printed bars. This usually indicates twice the momentum, but the violation above the 2.51 range can lead to $ 2.72 to send XRP to $ 3.
XRP Price Chart with MACD | Source: Trading Offer
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.
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