The SEC has recently acknowledged Grayscale’s filing for an XRP ETF, a crucial step toward potential approval. This starts a review period, after which the SEC will decide on the ETF. While this has sparked optimism,

XRP’s price rally follows the acknowledgment of multiple XRP filings by the SEC and rumors of delay in Ripple’s legal battle with the agency.

The U.S. SEC (Securities and Exchange Commission) has acknowledged Bitwise’s spot XRP ETF 19b-4 filing. This was the third filing signed off by the regulator after the Grayscale and 21Shares applications.

XRP’s Relative Strength Index (RSI) at 67.42 is approaching overbought conditions, which could lead to a temporary pullback. Traders are closely watching whether XRP can consolidate above $2.69, which could pave the way for further gains toward $2.75 and $2.9.

XRP has been consolidating within a symmetrical triangle pattern on the 4-hour chart, suggesting a temporary equilibrium between buyers and sellers. A breakout above resistance could confirm bullish continuation.

The US Securities and Exchange Commission (SEC) is soliciting public input on a proposal for an exchange-traded fund (ETF) tied to XRP. In a filing posted on Wednesday, the SEC acknowledged a proposal from Cboe BZX Exchange,

According to a Feb. 14 regulatory filing, the United States Securities and Exchange Commission (SEC) has acknowledged Cboe BZX’s request to list asset manager 21Shares’ XRP exchange-traded fund (ETF).