Top 3 reasons XRP price could surge amid ETF approval hype

With XRP ETF approvals looming—though potentially delayed by the government shutdown—all eyes are on XRP price. Here are the key catalysts that could drive XRP higher very soon.

Summary

XRP holdings by public companies have surpassed $11.5 billion, increasing demand and reducing circulating supply.
Ripple is actively expanding its ecosystem through strategic partnerships, including recent deals with Bahrain Fintech Bay and Thunes, further enhancing XRP’s real-world utility.
XRP price technicals suggest a potential rally of up to 37% toward the $3.90–$4.00 range.

October was shaping up to be a landmark month for Ripple (XRP), with the U.S. Securities and Exchange Commission scheduled to decide on multiple XRP ETF applications between October 18 and 25. Major issuers, including Grayscale, Bitwise, and 21Shares, have filings pending for both spot and futures-based XRP funds.

However, the U.S. government shutdown, which began on October 1, has put these plans on hold. With the SEC operating with minimal staff, non-essential reviews and approvals—including those for crypto ETFs—are effectively frozen. Since these ETFs are filed under the Securities Act of 1933, they require direct SEC approval to launch. Unlike products under the 1940 Act, which can proceed if the review period lapses, spot ETFs cannot move forward without an explicit green light.

No official update has come from the SEC on the ETF filings, and with the agency still stalled, the late late-October deadlines now look symbolic at best. Issuers may be ready to act quickly post-shutdown, but until then, uncertainty continues to fuel XRP price volatility.