ETF Greenlight? Government Shutdown Deal Could Trigger Massive XRP Rally

The US Depository Trust & Clearing Corporation (DTCC) has listed nine spot XRP Exchange-Traded Funds (ETFs), intensifying expectations of a November launch pending US SEC approval.

With the potential US Senate deal to end the government shutdown, this could speed up SEC reviews and push XRP’s price to a high of $2.46.

DTCC Listing Expands XRP ETF Landscape

The list includes Bitwise XRP ETF and Franklin XRP ETF, among nine spot XRP ETFs—Canary XRP ETF (XRPC), Volatility Shares XRP ETF (XRPI), ETF Opportunities T-REX 2x Long XRP (XRPK), CoinShares XRP ETF (XRPL), Amplify XRP 3% Monthly ETF (XRPM), ETF Opportunities T-REX Osprey XRP (XRPR), Volatility Shares 2x XRP ETF (XRPT), and Franklin XRP ETF (XRPZ)—indicating market readiness.

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The Senate’s progress in halting a 40-day shutdown may restore SEC staffing, aiding approval. However, Ripple’s unresolved SEC litigation since 2020, with a year-end decision expected, poses risks. Over the past week, XRP’s trading volume increased to approximately $27.3 billion.

Global Markets Monitor Regulatory Progress

The XRP price surge to $2.45 follows a breakout above the 50-day moving average, with analysts targeting $3 by Q1 2026.

Technical analysis indicates that near-term support levels lie at $2.0 and $1.9, while key resistance lies at $2.5 and $2.62.

This movement occurs as XRP ETP success contrasts with Asia’s cautious stance. Asian exchanges like Bitget are awaiting clarity from US regulators. Analysts caution that a delay in the SEC’s regulatory approval could push prices down to $1.80.

JP Morgan estimates a launch could draw $3-5 billion in inflows, similar to Bitcoin ETFs, enhancing XRP’s institutional appeal. The Senate deal, if finalized, may accelerate this, though uncertainty persists. Europe’s success offers a global adoption model, but investors await clarity from the SEC and legislators.