With XRP ETF approvals looming—though potentially delayed by the government shutdown—all eyes are on XRP price. Here are the key catalysts that could drive XRP higher very soon.
Summary
- XRP holdings by public companies have surpassed $11.5 billion, increasing demand and reducing circulating supply.
- Ripple is actively expanding its ecosystem through strategic partnerships, including recent deals with Bahrain Fintech Bay and Thunes, further enhancing XRP’s real-world utility.
- XRP price technicals suggest a potential rally of up to 37% toward the $3.90–$4.00 range.
October was shaping up to be a landmark month for Ripple (XRP), with the U.S. Securities and Exchange Commission scheduled to decide on multiple XRP ETF applications between October 18 and 25. Major issuers, including Grayscale, Bitwise, and 21Shares, have filings pending for both spot and futures-based XRP funds.
However, the U.S. government shutdown, which began on October 1, has put these plans on hold. With the SEC operating with minimal staff, non-essential reviews and approvals—including those for crypto ETFs—are effectively frozen. Since these ETFs are filed under the Securities Act of 1933, they require direct SEC approval to launch. Unlike products under the 1940 Act, which can proceed if the review period lapses, spot ETFs cannot move forward without an explicit green light.
No official update has come from the SEC on the ETF filings, and with the agency still stalled, the late late-October deadlines now look symbolic at best. Issuers may be ready to act quickly post-shutdown, but until then, uncertainty continues to fuel XRP price volatility.
Why XRP price could surge once SEC resumes ETF decisions
Despite the temporary regulatory freeze, the potential approval of a spot XRP ETF still represents a seismic catalyst for XRP price. Here are three reasons why XRP could surge once the SEC resumes activity and ETF decisions are back on the table:
1) Expanding corporate treasuries – $11.5B and growing
Public companies are increasingly adopting XRP as part of their treasury strategies. XRP’s corporate treasury holdings have recently surged past $11.5 billion, fueled by major firms like SBI Holdings, Reliance Global Group, Gumi Inc., and Trident Digital expanding their reserves. As more companies add XRP to their treasuries, the resulting supply absorption and heightened demand could serve as a powerful catalyst for sustained XRP price appreciation.
2) Strengthening global partnerships and institutional reach
Ripple continues to expand its footprint through high-impact partnerships that reinforce XRP’s real-world utility. The company has recently announced a strategic partnership with Bahrain Fintech Bay, aimed at advancing blockchain innovation, tokenization pilots, and the RLUSD stablecoin integration across the Middle East. Prior to that, Ripple partnered with Thunes, a top fintech company that offers cross-border payment solutions globally.
3) Technicals signal a potential bullish reversal
Despite recent market turbulence, XRP price chart is flashing signs of a potential bullish reversal. As reported by crypto.news on October 8, XRP price is forming a descending triangle pattern—a setup that, if broken to the upside, could trigger a rally of up to 37%, targeting the $3.90–$4.00 zone. Momentum indicators MACD and RSI are stabilizing near neutral territory, which suggests that selling pressure is waning.
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