SEC Delays Decision on Grayscale’s XRP ETF Bid as XRP Shows 500% Rally Pattern
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Grayscale’s application for a spot XRP XRP $2.22 24h volatility: 0.8% Market cap: $129.99 B Vol. 24h: $2.17 B exchange-traded fund (ETF). As per regulatory norms, the agency has initiated formal proceedings to seek public comments and conduct deeper analysis.
This delay does not come as a surprise to most experts. Bloomberg ETF analyst James Seyffart commented that such decisions usually follow the full review window laid out under Rule 19b-4.
According to Seyffart, most of the XRP-related ETF applications have final deadlines in October, and any early verdicts would break from historical trends.
Lotta questions. Replying here:
The SEC *typically* takes the full time to respond to a 19b-4 filing. Almost all of these filings have final due dates in October. Early decisions would the action that’s out of the norm. No matter how “Crypto-friendly” this SEC is
There’s no…
— James Seyffart (@JSeyff) May 20, 2025
He noted that some XRP funds are due for updates soon, but meaningful decisions, particularly approvals, are more realistically expected between late Q2 and early Q4.
XRP Price Outlook
Meanwhile, XRP continues to trade near $2.35 with no significant 24-hour movement. The weekly XRP chart hints at a potential breakout similar to early stages of a late-2024 bull market pattern. That rally saw XRP rocket more than 500% within a few months after breaking above a long-standing descending triangle.
Market watchers are now hoping for similar bullish momentum. Blockchain data reveals that addresses holding between 10 million and 100 million XRP have increased their holdings from 7.56 billion to 7.67 billion tokens over the past five days.
On the daily XRP price chart, the RSI is currently sitting around 51, indicating equal pressure from buyers and sellers. This suggests that the fourth-largest cryptocurrency needs fresh buying volume to continue its bullish trajectory.
XRP price chart with RSI and Bollinger Bands | Source: Trading View
Bollinger Bands have recently expanded, with XRP trading close to the mid band (20-day SMA), hinting at a period of short-term consolidation. If the cryptocurrency fails to hold this level, it could fall to the lower band around $2.05.
The Moving Average Convergence Divergence (MACD) is also due for a bullish crossover with bars currently printing red. This usually indicates weakening momentum, but a breach above the $2.51-$2.72 band could send XRP to $3.
XRP price chart with MACD | Source: Trading View
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- Current Price: $0.0554
- Amount Raised: $465,670
- Ticker: SUBBD
- Blockchain: Ethereum
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The post SEC Delays Decision on Grayscale’s XRP ETF Bid as XRP Shows 500% Rally Pattern appeared first on Coinspeaker.
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XRP Price Suddenly Drops by 5% as Ripple Whales Offload Tokens
SEC Delays Decision on Grayscale’s XRP ETF Bid as XRP Shows 500% Rally Pattern
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Grayscale’s application for a spot XRP XRP $2.22 24h volatility: 0.8% Market cap: $129.99 B Vol. 24h: $2.17 B exchange-traded fund (ETF). As per regulatory norms, the agency has initiated formal proceedings to seek public comments and conduct deeper analysis.
This delay does not come as a surprise to most experts. Bloomberg ETF analyst James Seyffart commented that such decisions usually follow the full review window laid out under Rule 19b-4.
According to Seyffart, most of the XRP-related ETF applications have final deadlines in October, and any early verdicts would break from historical trends.
Lotta questions. Replying here:
The SEC *typically* takes the full time to respond to a 19b-4 filing. Almost all of these filings have final due dates in October. Early decisions would the action that’s out of the norm. No matter how “Crypto-friendly” this SEC is
There’s no…
— James Seyffart (@JSeyff) May 20, 2025
He noted that some XRP funds are due for updates soon, but meaningful decisions, particularly approvals, are more realistically expected between late Q2 and early Q4.
XRP Price Outlook
Meanwhile, XRP continues to trade near $2.35 with no significant 24-hour movement. The weekly XRP chart hints at a potential breakout similar to early stages of a late-2024 bull market pattern. That rally saw XRP rocket more than 500% within a few months after breaking above a long-standing descending triangle.
Market watchers are now hoping for similar bullish momentum. Blockchain data reveals that addresses holding between 10 million and 100 million XRP have increased their holdings from 7.56 billion to 7.67 billion tokens over the past five days.
On the daily XRP price chart, the RSI is currently sitting around 51, indicating equal pressure from buyers and sellers. This suggests that the fourth-largest cryptocurrency needs fresh buying volume to continue its bullish trajectory.
XRP price chart with RSI and Bollinger Bands | Source: Trading View
Bollinger Bands have recently expanded, with XRP trading close to the mid band (20-day SMA), hinting at a period of short-term consolidation. If the cryptocurrency fails to hold this level, it could fall to the lower band around $2.05.
The Moving Average Convergence Divergence (MACD) is also due for a bullish crossover with bars currently printing red. This usually indicates weakening momentum, but a breach above the $2.51-$2.72 band could send XRP to $3.
XRP price chart with MACD | Source: Trading View
Note: this is a sponsored message from our partners
🔥 Subbd: Reimagining Content Subscriptions with AI
While XRP navigates market volatility, another project, Subbd, is slowly gaining attention in the content subscription space. Subbd aims to reshape the $85 billion content economy by offering an AI-powered, tokenized platform for creators and their fans.
With Web3 integration, Subbd empowers creators through automation tools that simplify content delivery, while fans gain exclusive, interactive access.
$SUBBD Tokenomics and Presale
Subbd’s Ethereum-based native token, SUBBD, fuels the platform by offering premium content, staking rewards, and AI-driven utilities. Holders can stake SUBBD tokens to unlock benefits like behind-the-scenes content, private livestreams, and premium drops.
The platform has already raised $465,670, with just a few hours left before the token’s price increases.
Presale Snapshot:
- Current Price: $0.0554
- Amount Raised: $465,670
- Ticker: SUBBD
- Blockchain: Ethereum
With limited time before the next increase in price, Subbd is a project worth watching, especially for those seeking exposure to AI-led innovation in digital subscriptions.
The post SEC Delays Decision on Grayscale’s XRP ETF Bid as XRP Shows 500% Rally Pattern appeared first on Coinspeaker.
Read More