TLDR
- SEC Chairman Paul Atkins has announced that crypto is a top priority for the agency.
- SEC has requested issuers from XRP, Solana, Cardano and Dogecoin ETFS to withdraw waiting applications.
- This request is part of the Sec’s new approval process, which aims to speed up Crypto ETF approvals.
- More than a dozen funds have submitted an XRP ETF, with deadlines that have been set for the coming weeks.
- Analysts predict that XRP could break through their resistance level of $ 3.60 and see significant price movement in October.
On Monday 29 September, Paul AtkinsChairman of the US Securities and Exchange Commission (SEC), Krypto emphasized as a highest priority. This statement has created excitement, especially within the XRP community. The note is in line with growing speculation that the market can see significant changes in the near future, with XRP in the center.
SEC’s recent request for Crypto ETFS
SEC’s latest measures have raised the eyebrows in the crypto gym. Only hours after Atkin’s statement, Journalist Eleanor Terrett reported That SEC requested issuers from XRP, Solana, Cardano and Dogecoin ETFs to withdraw waiting applications. Originally, many saw this as a setback for the crypto community. However, terrett clarified that the request aims to speed up the approval process.
SEC’s move is in line with new standards for Crypto ETFS. The Commission recently approved generic listing standards, which remove the need for issuers to submit individual 19B-4 applications. Instead, issuers will only have to submit an S-1 archiving, speed up the process and allow faster approval.
With more than a dozen funds that are already applied for an XRP ETF, the market’s attention is now reversing the coming development. The time coincides with important deadlines in the coming weeks and leads to optimism within the XRP community.
XRP is expected to surpass $ 3.60 resistance
XRP has met repeated challenges when it comes to breaking through the $ 3.60 resistance level. However, analysts predict that October can make a breakthrough for Altcoin. Some experts believe that the launch of the first XRP ETF will trigger an increase in demand.
The market entry is changing towards the possibility of significant price movements. As institutional interest grows, XRP could soon see prices between $ 5 and $ 7 in the short term. Ripple’s ongoing partnership with major financial players is expected to further run this momentum.
Long -term forecasts for XRP remain even more promising. Analysts suggest that XRP can reach $ 10, driven by increased institutional investments and stronger partnerships.
