The new month, October, could be one of the most pivotal months in XRP history, potentially rewarding today’s holders massively.
For context, multiple ETF applications are awaiting SEC approval, and Ripple’s national bank charter is under review, with decisions due soon. As a result, many believe the stage is set for developments that could transform the token’s price trajectory.
Starting October 18, the U.S. SEC must deliver its final verdict on a wave of spot XRP ETF applications. Seven issuers are in line: Grayscale, 21Shares, Bitwise, Franklin Templeton, WisdomTree, CoinShares, and Canary Capital.
If approved, the SEC may grant consent to all pending applications on the same day. The regulator followed a similar pattern for Bitcoin and Ethereum spot ETF applications, granting collective approval to over 10 applications in one day.
Accordingly, many expect the XRP price to surge, as these ETFs would give institutions and retail investors regulated access to XRP.
Shortly after a similar clearance, Bitcoin’s price spiked to $48,000. Meanwhile, a week later, it dipped to $38,000 despite the existence of ETFs buying BTC. However, that low price quickly became history as the price continued to soar, reaching its current level above $116,000.
Analysts argue XRP could face a similar fate, as anticipation around the approval is at its highest point. A Bloomberg analyst said it is essentially 100% guaranteed.
Meanwhile, October also brings a second critical development: Ripple’s application for a national bank charter with the U.S. Office of the Comptroller of the Currency. Filed in July, the 120-day decision window closes this month.
An approval would allow Ripple to operate as a federally chartered bank in the U.S., expanding its influence in the financial system and strengthening its RLUSD stablecoin ambitions.
The timing means Ripple and XRP could secure two landmark approvals — one regulatory, one structural — within weeks.
Community commentators and market analysts are eyeing dramatic upside if ETFs secure approval. Kenny Nguyen has argued that XRP “should be around $22 to $50” once the first ETFs launch.
Canary Capital’s Steven McClurg believes XRP could attract $5 billion in its first few weeks, while others say the inflow will drive the price into the $20-30 range.
The optimism comes from futures products around XRP seeing surprising multiple million-dollar turnover in a single day. Accordingly, commentators believe spot ETFs will have an even greater effect.
Meanwhile, much of the community’s excitement stems from the possibility of creating new XRP millionaires. The XRP Rich List shows fewer than 35,300 accounts hold 94,000+ XRP. Notably, this is the closest threshold to reach millionaire status if XRP surges to $11.
Further upside to, say, $50 as some community members suggest, would elevate even those holding 20,000 tokens to millionaire status.
As enticing as this sounds, XRP has a long journey to $50. Its price must increase more than 17 times for that to happen, which some believe is a tall ambition for the coin.
While not every holder will reach such lofty heights, the idea underscores how transformative an ETF approval could be for long-term investors. Yet, the likelihood of ETFs failing to substantially impact XRP’s price remains.
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