🧊 ETF Delay Freezes Momentum — Can XRP Break the Ice? XRP
koinmilyoner
Updated at: 3 hours ago
{"content":"🧊 ETF Delay Freezes Momentum — Can XRP Break the Ice?
XRP has fallen over 7% since last Thursday, although profit-taking and loss realization have been limited.
Bitwise, Canary, and Grayscale XRP ETF registrations were delayed by the SEC.
XRP rebounded from the 50-day SMA after falling below $3 on Monday.
The SEC delayed its judgment on multiple asset managers' applications to form exchange-traded funds (ETFs) following Ripple's remittance-based coin, although XRP rebounded after falling below $3 on Monday.
XRP temporarily fell below $3 on Monday, extending a negative price action following last Thursday's inflation-induced market drop.
Age Consumed, which measures idle tokens, shows a similar attitude. Long-term investors distributed nothing from August 11-18, as seen by the nearly undetectable red lines. The Mean Coin Age, which records the average number of days tokens have spent at their present addresses, shows that accumulation has increased marginally.
According to a CoinShares report on Monday, XRP investment products drew approximately $127 million in inflows last week, showing persistent institutional purchasing pressure.
International XRP products were popular, but asset managers trying to create ETF wrappers for the cryptocurrency encountered another delay on Monday. XRP ETF submissions from Bitwise, Canary Capital, and Grayscale were postponed by the SEC.
"...The Commission, pursuant to Section 19(b)(2) of the Act, designates October 18, 2025, as the date by which the Commission shall either approve or disapprove the proposed rule change..." The SEC remarked on Grayscale's XRP ETF filing
After closing its case with Ripple in recent weeks, analysts are sure the government will approve the papers despite the delay.
On the upside, XRP must break the triangle's upper border to challenge $3.4 barrier, which bears have defended for two weeks. A break over $3.4 might bring XRP back to $3.66, its all-time high.
XRP might fall to $2.78 if it breaks the 50-day SMA.
#xrp #Xrp🔥🔥 #PowellWatch #MarketPullback #AltcoinSeasonLoading $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/19/d088a9187c4640779cf8b44bd1e7f352.png"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}