XRP ETFs near decision window, will approval spark price recovery?

With the SEC set to decide on several spot XRP ETF applications this month, attention is turning to whether approvals could revive XRP’s sluggish price performance.

XRP ETFs are approaching a key moment as the U.S. Securities and Exchange Commission (SEC) prepares to rule on several spot exchange-traded fund (ETF) applications. The decisions are expected between October 18 and 25, 2025, marking a potential turning point for the token and broader market sentiment.

First in line for review is Grayscale’s application on October 18, followed by 21Shares, with other issuers including Bitwise, CoinShares, Canary Capital, and WisdomTree scheduled for decisions on October 24 and 25. Several of these applications have faced repeated delays over recent months, extending the wait for a final ruling and heightening market anticipation.

The process now faces another setback due to the ongoing U.S. government shutdown, which has temporarily paused the SEC’s review of ETF applications.

Despite the pause, issuers, including Grayscale, Bitwise, Canary, Franklin Templeton, 21Shares, and WisdomTree, have recently filed amended S-1 registration statements, suggesting continued engagement and expectations of approval once the government reopens and SEC operations resume.

How XRP ETF approval could fuel a new price rally

The potential approval of XRP ETFs could mark a turning point for the token’s market performance. Historically, ETF launches have driven major waves of institutional participation by providing regulated access to crypto assets. If approved, XRP ETFs could attract similar inflows to those seen with Bitcoin (BTC) and Ethereum (ETH) spot ETFs, which helped fuel strong price recoveries and renewed investor confidence.

Market projections see XRP climbing toward $5 or higher, while more bullish targets project potential gains toward $10–$15 if institutional demand mirrors what followed Bitcoin and Ethereum ETF launches.

At present, however, XRP’s performance remains under pressure. The token trades at $2.47, down 6.1% on the day and 17.0% over the past week, according to data from crypto.news. The decline reflects broader market weakness and cautious sentiment ahead of the SEC’s decision window.

Still, the optimism surrounding potential XRP ETF approvals has kept hopes high for a price surge once the SEC clears the funds for launch. A green light from the regulatory commission could open the door to significant institutional inflows, potentially serving as the catalyst to reignite XRP’s upward momentum.