XRP Soars 17% Near $3 as SEC Reviews More of Its ETF Bids: Approval Soon

• XRP surged 17% following the SEC’s recognition of new ETF filings.
• The SEC has 240 days to decide on the fate of these filings, with decisions at the end of this year.
• The SEC’s actions raise hopes for both XRP ETF approval and the conclusion of the ongoing Ripple lawsuit.

The price of XRP saw a significant boost, climbing 17% over the past week, following the U.S. SEC’s acknowledgement of another XRP ETF filing. 

On Friday, the SEC acknowledged the application from asset manager 21Shares, just a day after recognizing Grayscale’s XRP ETF application. This latest news brought in excitement within the XRP community, suggesting that official approval could be coming.

XRP ETF: SEC Decision Timeline

The SEC’s acknowledgement is definitely a step forward, but it doesn’t guarantee approval. 

However, it does show the SEC is willing to consider these filings. This is different from their recent approach to other crypto ETFs. For example, a Solana ETF was withdrawn in December after the SEC hinted they weren’t interested in pursuing those applications.

The SEC now has 240 days to decide on the fate of these XRP ETF filings, with decisions expected to…

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