According to Cointelegraph, XRP has experienced a significant surge of over 10% in the past two days, driven by positive developments related to the initial approval of exchange-traded funds (ETFs) and the introduction of real-world assets (RWA) on the XRP ledger. The altcoin surpassed its resistance level at $2.50, reaching a high of $2.78 on February 14, as it swept overhead liquidity, fueling its rally.
In a recent filing dated February 13, the U.S. Securities and Exchange Commission (SEC) acknowledged Grayscale's form 19b-4 application to list XRP and Dogecoin ETFs. The SEC is expected to make final decisions on these ETF approvals within 240 days, as stipulated under Section 19(b)(2) of the Securities Exchange Act. With the SEC operating under a pro-crypto administration, there is potential for an expedited approval process, similar to the recent approval of Bitwise's dual Bitcoin-Ethereum ETF, which received initial approval in less than 90 days from filing. However, Bloomberg ETF analyst James Seyffart expressed skepticism, suggesting that an XRP ETF might not be approved until the SEC's lawsuit against Ripple Labs is fully resolved.
Following the positive news, betting odds for an XRP ETF approval in 2025 have risen to 81% on Polymarket. Over the past month, the probability of approval has increased by 23%, up from around 70% in January 2025. The polls were nearly evenly split when the approval timeline was limited to July 31, with 45% of bettors anticipating a favorable outcome before the third quarter of 2025. Despite the optimism, Jeremy Hogan, a partner at Hogan and Hogan, cautioned that the XRP ETF might take some time before becoming tradable in the market. Hogan, a vocal pro-XRP advocate during the SEC-Ripple Labs lawsuit, suggested that while approval could happen quickly, the subsequent S-1 filing process could extend the timeline to 8-12 months. Form S-1 is crucial for non-traditional ETFs like crypto-based ones, requiring clear disclosures regarding investment strategy, risks, fees, and operations.
This article does not provide investment advice or recommendations. All investment and trading activities involve risk, and readers are encouraged to conduct their own research before making any decisions.
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