ETF Greenlight? Government Shutdown Deal Could Trigger Massive XRP Rally

The US Depository Trust & Clearing Corporation (DTCC) has listed 9 spot XRP Exchange-Traded Funds (ETFs), intensifying expectations of a November motorboat pending US SEC approval.

With the imaginable US Senate woody to extremity the authorities shutdown, this could velocity up SEC reviews and propulsion XRP’s terms to a precocious of $2.46.

The database includes Bitwise XRP ETF and Franklin XRP ETF, among 9 spot XRP ETFs—Canary XRP ETF (XRPC), Volatility Shares XRP ETF (XRPI), ETF Opportunities T-REX 2x Long XRP (XRPK), CoinShares XRP ETF (XRPL), Amplify XRP 3% Monthly ETF (XRPM), ETF Opportunities T-REX Osprey XRP (XRPR), Volatility Shares 2x XRP ETF (XRPT), and Franklin XRP ETF (XRPZ)—indicating marketplace readiness.

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The Senate’s progress in halting a 40-day shutdown whitethorn reconstruct SEC staffing, aiding approval. However, Ripple’s unresolved SEC litigation since 2020, with a year-end determination expected, poses risks. Over the past week, XRP’s trading measurement accrued to astir $27.3 billion.

The XRP terms surge to $2.45 follows a breakout supra the 50-day moving average, with analysts targeting $3 by Q1 2026.

Technical investigation indicates that near-term enactment levels prevarication astatine $2.0 and $1.9, portion cardinal absorption lies astatine $2.5 and $2.62.

This question occurs arsenic XRP ETP occurrence contrasts with Asia’s cautious stance. Asian exchanges similar Bitget are awaiting clarity from US regulators. Analysts caution that a hold successful the SEC’s regulatory support could propulsion prices down to $1.80.

JP Morgan estimates a motorboat could gully $3-5 cardinal successful inflows, akin to Bitcoin ETFs, enhancing XRP’s organization appeal. The Senate deal, if finalized, whitethorn accelerate this, though uncertainty persists. Europe’s occurrence offers a planetary adoption model, but investors await clarity from the SEC and legislators.

Read archetypal communicative ETF Greenlight? Government Shutdown Deal Could Trigger Massive XRP Rally by Shigeki Mori astatine beincrypto.com