XRP ETF Countdown: 21Shares Forces SEC’s Hand as Approval Clock Starts Ticking
Wall Street's crypto flirtation takes another dramatic turn—this time with XRP in the spotlight.
The Trigger Pull
21Shares just lobbed the regulatory equivalent of a grenade by formally initiating SEC review for its XRP ETF. No more whispers—this is the first concrete step toward mainstream trading of Ripple's embattled asset.
The Approval Gauntlet
Expect fireworks as the SEC faces mounting pressure to greenlight crypto ETFs after last year's Bitcoin ETF approvals. Will they fast-track XRP or slow-walk it like a banker explaining overdraft fees?
The Cynic's Corner
Let's be real—this ETF race isn't about democratizing finance. It's about institutions finally finding a way to skim fees from crypto without touching the 'scary' underlying assets.
Whale Makes $19.8M Profit After Shorting CZ’s Aster Token Hype
Technical sentiment around XRP is also improving. Popular analyst Dark Defender recently identified a bullish setup based on Elliott Wave theory, suggesting the token may have entered its next expansion phase. He pointed to $2.22 as key support, with potential targets between $5.85 and $10, depending on momentum.
The combination of ETF progress and strengthening technicals has revived Optimism in the XRP community. If the ETF goes live, it could attract fresh institutional capital, boost liquidity, and reinforce XRP’s position as a leading digital asset bridging traditional finance and blockchain payments.
