TLDR:
- 21Share’s third XRP ETF addition starts a 20-day SEC review countdown.
- XRP trades at $2.30 with over $5.6 billion in daily trading volume.
- Analysts believe XRP’s next wave could target $5.85 to $10 in the near term.
- Franklin Templeton’s XRPZ ETF Listing on DTCC Signals Launches Contingency.
21 Shares has filed its third amendment to Form S-1 for its proposed spot XRP ETF, triggering a 20-day review period under Section 8(a) of the Securities Act of 1933.
The filing, confirmed by ETF analyst Eric Balchunas, signals that the countdown towards potential approval has officially begun. The development marks a crucial step for institutional XRP exposure, following a series of filings by rival issuers.
According to market watchers, the Amendment 3 filing places the 21Shares XRP ETF among the front-runners seeking SEC approval for spot XRP products.
Diana from InvestWithD highlighted the formal initiation of the review process, noting that it paves the way for a decision that could change the broader crypto ETF landscape. The move follows recently list of the Franklin Templeton XRP ETF (Ticker: XRPZ) at DTCC, positioning both funds at the edge of launch readiness.
XRP price action strengthens as analysts predict new highs
XRP was trading at $2.30 at press time, according to data from CoinGecko, with a 24-hour volume exceeding $5.66 billion. The token showed a modest increase of 3.06% in the last day despite a 7-day decline of 8.29%.
Analysts suggest price consolidation could precede another upward wave driven by ETF expectations and broader market optimism. Market Analyst Dark Defender confirmed an Elliott Wave outlook first published in early 2025, indicating that XRP has completed its monthly third wave and begun a fifth wave cycle.
The forecast sets short-term price targets between $5.85 and $10, with key support near $2.22. He suggested that traders could start to turn bullish throughout November as the technical structure matures.
The 21Shares filing has also intensified comparisons with the past ETF driven market the rally. Historical data from similar spot product approvals have often coincided with upward price movements across major assets.
With XRP now at the center of renewed institutional focus, traders awaiting confirmation of continued momentum before the turn of the year.
