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Grayscale has reached a critical milestone in its application for a spot XRP exchange-traded fund (ETF). The U.S. Securities and Exchange Commission (SEC) has initiated the official review process by publishing the company’s 19b-4 filing in the Federal Register. This development indicates that the SEC will make a decision on whether to approve or deny the ETF application by October 18, 2025. So, could the price of XRP soar to an all-time high of $3.84 as a result?
The Official Decision Process for XRP ETF Has Begun
Following the approval of a spot Bitcoin 
$108,496 ETF, Grayscale aims to establish ETFs for various cryptocurrencies. According to Fox Business journalist Eleanor Terrett, the SEC’s publication does not imply approval but signifies that the decision process has officially commenced.
The SEC has entered a 240-day review period for the ETF application and has also launched a 21-day public comment period to gather opinions from the public.
XRP Price Could Reach $3.84 If ETF is Approved
The SEC’s indecisive stance makes the approval of the spot XRP ETF uncertain. The ongoing lawsuit between Ripple 
$2 and the SEC raises questions about whether XRP is a security. While Ripple has achieved partial victories in court, the SEC’s approach could impact the ETF’s future.
Nevertheless, the SEC’s recent approvals of spot Bitcoin ETFs serve as an encouraging signal for altcoins like XRP to receive ETF approvals. If Ripple’s XRP ETF is granted approval, institutional investor interest may increase, contributing to a potential price surge.
Currently, XRP is priced at $2.66, with critical resistance levels indicated between $2.75 and $2.80. Technical analysis suggests that surpassing this level could allow XRP to break through the critical threshold at $3, followed by possible retests of $3.40 and all-time highs.
