XRP News: SEC Accepts Three XRP ETF Submissions in One Week, Signaling Positive Regulatory Shift

In a significant development for Ripple [XRP] holders, the Securities and Exchange Commission (SEC) has recently accepted three XRP ETF submissions within a week, hinting at a potential change in the regulatory climate for the cryptocurrency.

SEC Accepts Three XRP ETF Submissions Within a Week

The Securities and Exchange Commission (SEC) has recently accepted three XRP ETF submissions within a single week, indicating a possible positive shift in the regulatory landscape for the cryptocurrency. This development has sparked Optimism among Ripple [XRP] holders, who have been facing significant price fluctuations due to ongoing Ripple cases and the potential approval of a spot XRP Exchange-Traded Fund (ETF) in the United States. Bloomberg ETF expert predicts that the U.S. SEC has a 65% chance of approving a spot XRP ETF, while Polymarket shows an 81% chance of approval in 2025.

XRP Price Prediction and Analysis for February 21

XRP is currently trading at $2.6797, showing a slight decrease of 0.30% over the past 24 hours, indicating minor short-term bearish pressure. Trading volumes remain robust, demonstrating active participation from investors. The token is in a consolidation phase, oscillating between key support and resistance levels, suggesting a balance between buyers and sellers. The market is digesting recent profit-taking and minor corrections.

SEC Agrees to Drop Case Against Coinbase, Could Ripple Be Next?

The US Securities and Exchange Commission (SEC) has agreed in principle to drop its legal battle against crypto exchange Coinbase, pending an official vote that may take place next week. This progress has sparked speculation within the crypto community that the SEC may also end its case against Ripple. The SEC's move signals a potential shift in its regulatory approach towards crypto companies.

Finance Expert Gary Cardone Sells Ripple (XRP) Holdings, Citing Multiple Concerns

Finance expert Gary Cardone has sold his Ripple (XRP) positions, citing unclear supply/demand dynamics and skepticism toward the Ripple community as primary reasons. Despite potential catalysts such as the approval of a spot XRP ETF in the US and developments in the Ripple-SEC lawsuit, which could create significant upside for the asset’s price, Cardone has chosen to exit his position. This decision comes as a surprise to many in the Ripple community, which comprises millions of investors and is known as one of the strongest in the crypto industry.