- The SEC Postpones Franklin's spot XRP ETF decision on June 17.
- XRP gets momentum after approved by Futures ETF.
- Analysts see XRP towards the range of $ 4- $ 6.
The US Securities and Exchange Commission (SEC) has delayed its decision on Franklin Templeton's Spot XRP ETF, along with the deadline set today on June 17, 2025.
It came to a filing signed by Sherry Haywood, assistant Secretary of Sec. The extension now allows another 45 days for a decision, keeping investors on the side.
It follows close to the heel of the SEC's approval of the first XRP Futures ETF by Proshares. That many are seen as noticeable enhancement of the chances of an area of approval of XRP ETF in the not too distant future.
What experts say
James Seyffart, a Bloomberg ETF analyst, added that even the SEC is formal until mid -October to make final decision -making in the area XRP ETF, It could have been done before. By approved of the recent XRP Futures ETF and increased institutional attention, there may be signs of regulation air in favor of XRP.
Positive will is the pro-crypto stance of the Trump administration. Which has placed digital assets in the middle of the general economic agenda.
Market reactions and perspectives on XRP
XRP positively responds to the action of the SEC. The token saw a 1% price climb following the announcement, trading approximately $ 2.30 during the North American mid-day session.
With a fully melted market capitalization of nearly $ 229 billion and a day -to -day trade volume of $ 2.5 billion, the XRP is still gaining popularity among institutional investors.
Crypto analyst Mikybull noted that the XRP has successfully reiterated the support of around $ 2. And can now set up to generate a new price detection phase, aimed at a range between $ 4 and $ 6 in the short term.
The crypto community is now awaiting a breath for June's decision, hoping that an area XRP ETF can reach more than ever.
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