XRP Price Movement at Risk as U.S. Shutdown Stalls SEC Greenlight

• XRP price hovers above $3 despite ETF delays and uncertainty.
• SEC review paused, holding spot ETF approvals for XRP temporarily.
• Ripple’s national bank charter decision was postponed amid the government shutdown.

XRP is trading near $3, gaining around 7% over the past week. Investors are focused on two big developments this month that could shape the token’s future. 

Spot ETF Decision in Focus

The U.S. Securities and Exchange Commission (SEC) is set to decide on several spot XRP exchange-traded fund (ETF) applications by October 18. Filings from Grayscale, Franklin Templeton, and Bitwise are waiting for review. If approved, these ETFs would offer a regulated way for investors to gain exposure to XRP. The SEC often approves multiple products on the same day, as it did with Bitcoin and Ethereum ETFs, pushing the XRP higher.

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