SEC Reviews Franklin, FTI US XRP ETF Proposals

The U.S. Securities and Exchange Commission (SEC) has initiated a formal review process for multiple spot XRP Exchange-Traded Fund (ETF) proposals, including those from Franklin Templeton and FTI US, with decisions expected no earlier than late 2025. The SEC is inviting public commentary on these proposals, heightening market anticipation as ETF approval could trigger significant institutional inflows and increased liquidity for XRP. However, ongoing regulatory delays and continued legal scrutiny over Ripple's operations have added fresh uncertainty and contributed to XRP's current price stagnation around $2.15. Despite short-term range-bound trading, technical analysts and Ripple leadership remain optimistic about long-term prospects, citing potential institutional adoption if an ETF is approved. Market participants are advised to remain cautious due to cryptocurrency volatility and unresolved regulatory and legal issues. The outcome of the SEC's review will be a key factor shaping XRP's future market dynamics.