The U.S. Securities and Exchange Commission (SEC) has approved a landmark rule change request from Cboe, Nasdaq, and NYSE, permitting Commodity-Based Trust Shares to list and trade under a standardized framework.
This framework, known as the Generic Listing Standards (GLS), includes crypto-spot exchange-traded funds (ETFs). Most notably, it removes the requirement for exchanges to file a 19-b form, which previously triggered a lengthy 240-day SEC review process. For the crypto sector, this means ETFs that meet GLS criteria can now launch without facing prolonged bureaucratic hurdles—marking a significant step toward mainstream adoption.
The timing could not be better for XRP. With Ripple’s long legal battle against the SEC finally resolved, analysts believe XRP-spot ETF applications now stand a strong chance of approval.
In August 2025, the U.S. Court of Appeals formally approved $Ripple and the SEC’s Joint Stipulation for Dismissal, ending the regulator’s appeal against Judge Torres’ 2023 ruling. That ruling had determined that programmatic sales of XRP did not satisfy the Howey Test, classifying XRP as a non-security asset.
This cleared one of the biggest regulatory uncertainties for XRP, opening the door for spot ETFs.
Adding to the momentum, REX-Osprey launched its XRP ETF on September 18, making it the first product of its kind in the U.S. The fund is seen as a litmus test for institutional demand, measuring how much appetite exists for XRP exposure in a regulated, exchange-traded format.
Analysts expect this ETF debut to catalyze further spot ETF applications, potentially paving the way for XRP to join Bitcoin and Ethereum as leading institutional-grade investment vehicles.
Looking at the attached XRP/USDT daily chart, the market appears to be building bullish momentum:
XRP/USD 1-day chart - TradingView
$XRP has successfully broken out of a descending trendline and reclaimed the 50-day SMA at $3.00, confirming a short-term bullish reversal.
The Relative Strength Index (RSI) at 59 is in neutral territory but trending upward, suggesting more room for buyers before entering overbought conditions.
If XRP maintains support above $3.00, the next test lies at $3.61, the local high. A successful breakout here could trigger momentum toward $4.00.
Should ETF-related optimism sustain inflows, XRP could extend its rally toward $4.50–$5.00 over the coming months. However, a breakdown below $2.80 support would invalidate this outlook and expose XRP to the $2.50–$2.20 range.
Also read: Lagrange price rockets 80% amid listing on South Korea’s largest crypto exchange
