XRP hits $3.05 as SEC’s Crenshaw labels ETF delays procedural, not rejections, fueling speculation of a $15 surge with August/October deadlines looming.
Ripple’s XRP has retreated to approximately $3.05 after testing $3.10 this week. However, recent remarks from SEC Commissioner Caroline Crenshaw have reignited bullish discussions. Crenshaw emphasized that the delays in evaluating spot XRP ETF applications are “procedural, not rejection,” a statement that sparked a surge in XRP Price Prediction threads on social media.
Traders are currently monitoring the August and October deadlines as potential launch windows, as over ten issuers, including Franklin Templeton and Bitwise, are awaiting green lights. XRP may experience a surge in institutional capital if the history of Bitcoin and Ethereum ETF rollouts is repeated, resulting in a market valuation exceeding $300 billion and a price approaching $15.
Optimism is Fostered by the SEC’s “Procedural” Delays
Commissioner Crenshaw clarified that the SEC’s extended review periods adhere to a predetermined process rather than a refusal, a distinction many investors had overlooked until now. It was reported that SEC staff issued numerous queries for additional data, rather than outright denials, indicating that each application is still under consideration.
According to Bloomberg’s analysts Eric Balchunas and James Seyffart, there is a 75% likelihood that the spot XRP ETF will be approved by October. They cite the similar regulatory pathways that preceded 100 % gains over the course of six months for Bitcoin and Ether.
On-chain metrics support these forecasts. According to Santiment data, the number of whale addresses with at least one million XRP increased to 2,765 this week, representing a 10% increase since June and 81% of the circulating supply. Over the past seven days, the number of daily active addresses increased from 210,000 to 254,000, suggesting that there has been a resurgence in network interaction.
These indicators contribute to a more robust XRP Price Prediction model, in which $5 appears overdue and $15 becomes conceivable in a full ETF-driven cycle.
The chart signals indicate the initial range of $5–$7
The spot chart of XRP indicates a distinct pattern: a tightening wedge has been established by four unsuccessful breaks above $2.94, which is supported by higher lows at $2.85. According to trading desks, the transition from accumulation to distribution zones is signified by a decisive weekly close above $3.
The price could rapidly ascend to $3.50, a barrier last encountered in April, before reaching $5 by the end of the year, provided that that level remains unchanged following the introduction of the ProShares XRP Futures ETF on July 18. That action alone suggests a 70% increase from current levels.
Market makers are currently quoting narrow bid-ask spreads and anticipate widening these spreads once ETF approvals coincide with quarterly rebalancing. This scenario induces three-digit percentage rallies in the most popular cryptos.
