The US Securities and Exchange Commission (SEC) has postponed ruling on various spot XRP exchange-traded fund (ETF) applications. The regulator has extended the review periods of proposals made by CoinShares, Grayscale, Bitwise, 21Shares, and Canary.
The new deadline will be between October 18 and October 24, 2025. The SEC explained that it will take more time before it carries out an in-depth evaluation of these applications. Greyscale Grand XRP Trust, initially a 180-day review that was to end on August 19, had its period extended by an additional 60 days. Other similar extensions apply to other applicants.
Such delays have caused more doubts among buyers of XRP tokens. The extended timeline pushes crucial regulatory decisions deep into the last quarter of the year, which could delay market-moving events. The SEC is treading lightly due to uncertainty toward cryptocurrency ETFs and how it can protect investors.
Shortly after the announcement of ETF review extensions, XRP was on a downward trend. According to CoinMarketCap data, XRP now costs $2.89, which is a 3.82% decline in the last 24 hours and a 10.84% decline in the previous seven days.
The token fell just below the $3 mark, and this encouraged selling pressure among retail speculators. Ripple Van Winkle, a market analyst, pointed out that this 5.4% single-day fall on XRP makes it the most significant fall in the token since July.
Institutional investors have continued to buy XRP as retail investors sell off in this downturn. It is reported that the institutions purchased about 3.8 billion worth of XRP. This activity implies that the retail and institutional market participants behave differently when there is uncertainty regarding the regulations.
Also Read: Why is Cardano & XRP Whale Activity Hitting Multi-Month Highs?
The technical indicators show that XRP is in an initial symmetrical triangle pattern, which may indicate a break or breakdown. According to analysts, the primary resistance is at the price level of $3.26, and breaking above this point could drive XRP to the price level of $3.90. On the other hand, failure to overcome resistance would push prices below $2.96. Traders will watch the price movements at 3.08-3.14 and take it as an indicator of fresh buying support.
Market observers have predicted massive price increases when the SEC approves the XRP ETFs. Predictions range between $10 and $20, depending on demand and inflows. The prediction platform Polymarket estimates the ETF's acceptance by 2025 at 77%.