XRP has recently regained prominence in the crypto space, with some analysts attributing its resurgence to political and community-driven factors. “XRP is back on the map, thanks to the Trump trade and the rabid XRP army community,” Sapien co-founder Trevor Koverko told TheStreet Crypto.

The SEC's decision on Grayscale's XRP ETF by October 18 depends on a complex review, public comments, and legal considerations.

The Securities and Exchanges Commission acknowledged a filing by the New York Stock Exchange and Grayscale for an XRP ETF on Thursday.

The SEC acknowledged Grayscale's filing to convert its XRP Trust to an ETF. XRP ETFs could be approved considering the new SEC administration's regulatory reforms. XRP could rally to $3.15 if it validates a rounded bottom pattern and its technical indicators flip to bullish momentum.

The SEC reviews CoinShares XRP ETF application as a 21-day comment period begins amid rising XRP ETF approval prospects.

The US SEC acknowledged three XRP ETF applications in five days, with analysts estimating a 65% approval chance.

The price of XRP surged overnight on expectations that the world’s first spot exchange-traded fund tracking the cryptocurrency could soon begin trading in Brazil. The token is up more than 5% over the past 24 hours at $2.