ETF Greenlight? Government Shutdown Deal Could Trigger Massive XRP Rally
The US Depository Trust & Clearing Corporation (DTCC) has listed nine spot XRP Exchange-Traded Funds (ETFs), intensifying expectations of a November launch pending US SEC approval.With the potential US Senate deal to end the government shutdown, this could speed up SEC reviews and push XRP’s price to a high of $2.46.DTCC Listing Expands XRP ETF LandscapeThe list includes Bitwise XRP ETF and Franklin XRP ETF, among nine spot XRP ETFs—Canary XRP ETF (XRPC), Volatility Shares XRP ETF (XRPI), ETF Opportunities T-REX 2x Long XRP (XRPK), CoinShares XRP ETF (XRPL), Amplify XRP 3% Monthly ETF (XRPM), ETF Opportunities T-REX Osprey XRP (XRPR), Volatility Shares 2x XRP ETF (XRPT), and Franklin XRP ETF (XRPZ)—indicating market readiness.The Senate’s progress in halting a 40-day shutdown may restore SEC staffing, aiding approval. However, Ripple’s unresolved SEC litigation since 2020, with a year-end decision expected, poses risks. Over the past week, XRP’s trading volume increased to approximately $27.3 billion.Global Markets Monitor Regulatory ProgressThe XRP price surge to $2.45 follows a breakout above the 50-day moving average, with analysts targeting $3 by Q1 2026.Technical analysis indicates that near-term support levels lie at $2.0 and $1.9, while key resistance lies at $2.5 and $2.62.This movement occurs as XRP ETP success contrasts with Asia’s cautious stance. Asian exchanges like Bitget are awaiting clarity from US regulators. Analysts caution that a delay in the SEC’s regulatory approval could push prices down to $1.80.JP Morgan estimates a launch could draw $3-5 billion in inflows, similar to Bitcoin ETFs, enhancing XRP’s institutional appeal. The Senate deal, if finalized, may accelerate this, though uncertainty persists. Europe’s success offers a global adoption model, but investors await clarity from the SEC and legislators.