21Shares XRP ETF on the Brink: SEC 20-Day Deadline Sparks Market Frenzy
21Shares XRP ETF Sparks 20-Day SEC Countdown as Ripple Price Surges 6%
The crypto market just received another major jolt — and this time, it’s coming from 21Shares, one of the leading global crypto exchange-traded product (ETP) issuers.
On November 7, the firm submitted Amendment No. 3 to Form S-1 for a Spot XRP ETF, officially triggering a 20-day countdown under U.S. securities law that could decide whether Ripple (XRP) finally gets a U.S.-listed exchange-traded fund.
The news sent ripples — quite literally — across the market. Within hours of the filing, XRP’s price surged 6%, reaching $2.31 while trading volume jumped nearly 15%. The reaction underscores the enormous anticipation surrounding potential regulatory approval and the possibility of institutional-grade exposure to Ripple’s token.
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| Source: Coin Bureau X Account |
As one trader wrote on X (formerly Twitter):
“If this filing goes live without SEC interference, we’re staring at God Candle 2.0.”
Countdown to November 27: The 20-Day SEC Clock
Under Section 8(a) of the Securities Act of 1933, the U.S. Securities and Exchange Commission (SEC) has exactly 20 days to respond to a registration statement once it’s deemed effective. If no further comments, delays, or rejections occur, the filing automatically becomes effective at the end of that period — which means November 27, 2025, could mark the official go-live date for the first U.S. Spot XRP ETF.
According to ETF analyst Nate Geraci, this is “the final lap toward institutional validation.”
He added that the SEC’s silence could speak volumes:
“If the agency doesn’t intervene, it’s effectively greenlighting institutional access to Ripple’s ecosystem — something investors have been waiting for since 2020.”
Financial giants are already positioning themselves. Franklin Templeton and Canary Capital have submitted related filings, while the Franklin Templeton XRPZ ETF has reportedly appeared on DTCC’s clearance and settlement list — a crucial pre-launch step for any exchange-traded product.
If approved, the event could mark a watershed moment not just for Ripple but for the entire altcoin market, potentially redefining the narrative around digital assets that bridge traditional finance and blockchain payments.
Tectonic Shift: Why This XRP ETF Filing Matters
The 21Shares filing isn’t just a procedural step — it’s a symbolic leap. The launch of a Spot XRP ETF would position Ripple alongside Bitcoin and Ethereum, both of which recently secured ETF approvals after years of scrutiny.
Institutional adoption has always been the missing link for XRP, especially following its high-profile legal battle with the SEC in 2023. Ripple’s eventual court victory that summer ignited a 70% rally, cementing investor belief that XRP’s use case as a cross-border settlement currency remains unmatched.
Now, with the ETF countdown underway, institutional money appears ready to enter. Analysts suggest that Wall Street funds — particularly those managing diversified digital portfolios — are seeking exposure to non-Bitcoin crypto assets with strong real-world utility.
“This isn’t just a crypto story anymore,” said market strategist Eleanor Terrett. “It’s a Wall Street signal. ETFs are the language institutions understand.”
Technical Picture: Bulls Take Control
Market charts show Ripple consolidating after a minor correction, with signs of renewed strength.
As of Friday, XRP trades at $2.31, forming what traders describe as a “V-shaped reversal” from its $2.10 local low.
The Relative Strength Index (RSI) is sitting at 55.59, suggesting the asset is in a neutral-to-bullish zone, while the MACD indicator has recently flashed a bullish crossover, signaling the potential for a continued uptrend.
Key technical zones to watch:
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Immediate Support: $2.25 – $2.28
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Resistance Levels: $2.40 – $2.45 (critical breakout range)
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Upside Target: If XRP clears $2.45, momentum traders eye $2.55 or even $2.65 in short order.
Volume patterns also indicate a renewed accumulation phase, with large buyers — often associated with institutional desks — re-entering the market around the $2.20 region. This trend aligns with speculative positioning ahead of the SEC’s 20-day deadline.
Price Forecast: From Speculation to Structure
Market analysts remain divided but largely optimistic about the near-term trajectory.
Research outlet Coingabbar notes three likely outcomes depending on regulatory decisions and broader market sentiment:
Short-Term Outlook (Next 30 Days):
If speculation continues without a definitive SEC comment, traders expect XRP to trade between $2.25 – $2.55, maintaining its current bullish rhythm.
Mid-Term Outlook (Post-Approval Scenario):
Should the SEC allow the filing to go effective, institutional liquidity could flood in, driving XRP toward $2.60 – $3.10 in the weeks following.
Conversely, any delay or deferral might trigger a temporary pullback toward $2.05 – $2.10.
Long-Term Projection (2026 and Beyond):
With widespread institutional adoption and RippleNet integration expanding across financial institutions, XRP could realistically trade between $4.50 and $6.00, marking a significant structural revaluation of its network utility.
Regulatory Uncertainty Still Looms
While enthusiasm runs high, industry watchers caution that regulatory unpredictability remains the biggest wildcard. The SEC retains the right to extend review periods or issue comments that delay activation.
Still, the market mood is distinctly different from a year ago. Following the successful debut of Bitcoin and Ethereum spot ETFs, the SEC faces growing pressure to show consistent treatment of other assets.
“If XRP’s ETF is blocked despite its legal clarity and strong liquidity, the market will view it as selective enforcement,” said former CFTC official Charlie Cooper. “But if it’s approved, it’s a green light for the next wave of institutional crypto integration.”
Ripple’s Ecosystem Strengthens
Beyond price and filings, Ripple continues to expand its utility layer. The company’s RippleNet and ODL (On-Demand Liquidity) services are now active in over 55 countries, providing real-time fiat-to-crypto settlement channels for banks and fintechs.
With over 90% of Ripple’s business now occurring outside the U.S., global regulatory acceptance could further enhance the case for institutional ETFs tied to its native token.
This expansion mirrors XRP’s evolving perception — from a volatile altcoin to a hybrid financial infrastructure asset, bridging the traditional and digital economies.
Conclusion: A 20-Day Test of Faith and Momentum
The 21Shares XRP ETF filing represents far more than a routine SEC update.
It’s a 20-day test of faith for both investors and regulators — a countdown that could shape the trajectory of crypto’s next adoption phase.
For now, the technicals look bullish, institutional interest is heating up, and traders are bracing for volatility. Whether the SEC acts or stays silent, November 27 could become a defining moment for XRP — and a signal that digital assets are finally maturing into mainstream financial instruments.
Until then, all eyes remain on Washington and the ticking 20-day clock.
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