In-Depth Analysis: The Ripple Effect of XRP ETF Decision Delays
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The Impact of US SEC’s Decision on XRP Prices
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The cryptocurrency market is currently experiencing turbulence as the price of XRP faces a significant downturn, attributed to the recent announcement by the United States Securities and Exchange Commission (SEC). The SEC has temporarily postponed the approval of applications for XRP Exchange-Traded Funds (ETFs), leading to increased anxiety among investors. The regulatory body has now set new key review dates for October 2025, adding to the market’s uncertainty.
US SEC Extends Timeline for XRP ETF Decisions
In a move that has caught market participants off guard, the US SEC has delayed its decision on all five pending Spot XRP ETF applications. These applications, filed by CoinShares, Bitwise, Grayscale, 21Shares, and Canary, are now subject to an extended review period as noted on the SEC’s official website.
The earliest revised deadline is slated for October 18, 2025, concerning NYSE Arca’s Grayscale XRP Trust. This extension is in accordance with Section 19(b)(2) of the Securities Act of 1934, which permits a 180-day statutory review period. Originally, Grayscale’s Federal Register notice, submitted on February 20, would have led to a deadline of August 19. The Commission, however, opted to extend this timeline by an additional 60 days for a more comprehensive assessment.
The SEC is also expected to make a decision regarding Cboe BZX’s 21Shares Core XRP Trust on October 19. The 180-day review period from the February 21 filing would have concluded on August 20. Additionally, CoinShares’ application has been further delayed. Nasdaq filed this proposal on February 7, 2025, seeking approval to list and trade shares of the CoinShares XRP ETF.
Initially, the 180-day review for this ETF would have ended on August 24, 2025. However, the SEC determined that further evaluation was necessary, thus setting a new deadline of October 23, 2025, to either approve or reject the XRP ETF application. Other XRP ETF proposals, such as Bitwise’s filing at Cboe BZX, now have a revised deadline of October 20, while Cboe BZX’s Canary’s XRP Trust Share review will be concluded by October 24, closely aligning with CoinShares’ timeline.
Ripple Effects: XRP Price Plummets Amidst ETF Delays
The SEC’s decision to delay the approval of XRP ETFs has directly impacted the cryptocurrency’s market value, causing a notable price drop. As per CoinMarketCap, the value of XRP has fallen to $2.89 at the time of writing, representing a 3.82% decrease within the last 24 hours and a 10.84% decline over the past week.
Prominent crypto analyst Ripple Van Winkle highlighted the price crash in a recent social media post. He pointed out that XRP is currently trading below the psychological threshold of $3, having plunged 5.4% in less than a day. This marks its most substantial single-day loss since July. Despite the panic-driven sell-off among retail traders, institutional investors have capitalized on the opportunity, purchasing XRP worth $3.8 billion.
Technical indicators suggest a symmetrical triangle pattern, indicating that XRP’s next significant price movement depends on its ability to surpass the $3.26 breakout zone, potentially reaching $3.9. The analyst warns that failing to breach this level could see the cryptocurrency fall below $2.96. Key resistance levels lie between $3.08 and $3.14, and unless bullish momentum reclaims this range, sellers are likely to retain control.
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