SEC Throws Sand in the Gears: XRP ETF Delays Spark Market Frustration as Price Holds at $3.00

The SEC just hit the snooze button on crypto progress—again. XRP ETF hopefuls are left twiddling their thumbs as regulators drag their feet on altcoin proposals. Meanwhile, XRP plays it cool, consolidating stubbornly around the $3.00 mark like a trader who won’t admit they’re nervous.

Regulatory limbo strikes again

No surprises here—Wall Street’s favorite ‘innovation prevention agency’ is stalling yet another crypto milestone. While Bitcoin and Ethereum ETFs waltzed through (after years of fighting), altcoins like XRP get the bureaucratic slow-walk. Classic SEC: ‘Move fast and break nothing…ever.’

XRP’s $3.00 standoff

The token’s holding pattern at $3.00 reeks of market indecision. Bulls see a coiled spring; bears see a dead cat bounce waiting to happen. Either way, it’s a masterclass in passive-aggressive price action—the crypto equivalent of ‘I’m fine’ text messages.

Bottom line: The SEC’s foot-dragging gives institutional investors another excuse to sit on their hands. Meanwhile, retail traders get to enjoy that special blend of hope and frustration that makes crypto so…entertaining. Just remember: In traditional finance, they call this ‘due diligence.’ In crypto, we call it Tuesday.

XRP ETF: Is SEC approval likely?

Industry analysts are confident about the potential of an XRP ETF approval. Bloomberg ETF experts James Seyffart and Eric Balchunas estimate the odds at 95%, citing several factors that point toward a regulatory greenlight.

The recent resolution of the years-long Ripple-SEC dispute adds to the optimistic outlook, with the regulatory clarity expected to remove obstacles that may have previously clouded the chances of the proposed funds.

Polymarket bets on a potential approval before year-end also remain bullish, with odds currently at 77%. This is up 6% on the day, showing that the latest delays have not dampened industry sentiment.

Meanwhile, BlackRock has reportedly dismissed speculation that it might enter the XRP ETF race. Earlier this month, ETF Store president Nate Geraci suggested that the spot Bitcoin and ethereum issuer could file its own application and join the waiting list. However, BlackRock has reportedly stated it has “no plans at this time.”

Still, the outlook for XRP ETF approval remains positive, though the ultimate decision rests with the regulatory commission.