The U.S. Securities and Exchange Commission (SEC) has decided to extend the deadline for its final decision on the Franklin XRP ETF application to November 14, 2025, providing additional time for evaluation.
Extension of SEC Decision on ETF
The SEC has extended the deadline for the Franklin XRP ETF decision to November 14, 2025. This decision allows for further consideration of proposed rule changes and responds to procedural needs associated with crypto ETFs.
Market reactions reflect stability in XRP's price, which remains around $3. Stakeholders most notably express cautious optimism as clearer regulatory conditions emerge.
XRP Market Remains Stable
Despite the SEC's decision, XRP maintains a stable price. As of the latest report, XRP is priced at $2.98 with a market cap of $177.83 billion. The trading volume stood at $4.33 billion, reflecting a decrease of 26.83% from previous periods. Nonetheless, the asset has shown positive momentum over the last 90 days with a 35.81% increase.
The market remains muted, with no high-profile comments from industry leaders like Garlinghouse or Schwartz.
Long-Term Prospects for XRP
According to CoinMarketCap, the regulatory changes are expected to potentially yield long-term benefits for XRP amid evolving legal clarity. Gradual acceptance of ETFs tied to established cryptocurrencies like XRP is anticipated to grow, potentially enhancing its future outlook.
In conclusion, while the SEC has extended the decision deadline for the Franklin XRP ETF, the XRP market shows resilience and potential for growth in light of positive regulatory developments.
