Today's XRP news: SEC withdraws the 19b-4 provision, XRP Spot ETF may go live as early as this week.

The U.S. Securities and Exchange Commission (SEC) suddenly required all issuers of XRP, ADA, DOGE, LTC, and SOL Spot ETFs to withdraw their 19b-4 application documents. This dramatic shift means that XRP Spot ETFs could potentially launch this week simultaneously. Analysts believe that the approval of the General Listing Standards (GLS) has replaced the need for the traditional approval process, clearing the way for the simultaneous launch of seven XRP Spot ETFs. The price of XRP is currently hovering around the $3 mark, as investors closely watch for the potential launch of BlackRock's iShares XRP Trust.

SEC Sudden Shift: Withdrawal of 19b-4 Application, ETF Approval Process Completely Changed

The U.S. Securities and Exchange Commission (SEC) recently issued a comprehensive request to all cryptocurrency Spot ETF issuers, instructing them to withdraw their 19b-4 application documents. This unexpected move has completely changed the approval process for crypto ETFs.

Crypto America host and reporter Eleanor Terrett was the first to report this significant development: "The SEC has asked the issuers of LTC, XRP, SOL, ADA, and DOGE ETFs to withdraw their 19b-4 applications, as the universal listing standards have been approved, which eliminates the necessity for these applications. I have been informed that the withdrawal of applications could begin as early as this week."

Universal Listing Standards: A New Paradigm for Crypto ETF Approval

The core of this change is the General Listing Standards (GLS) for commodity trust shares approved by the SEC on September 17. This approval is revolutionary as it eliminates the need for exchanges to submit the 19b-4 filing to initiate the SEC review process.

Bloomberg industry research senior ETF analyst Eric Balchunas responded clearly to this development: "To be honest, the success rate is really 100% right now. The universal listing standards make the 19b-4 form and its 'clock' meaningless. As a result, the S-1 form can only wait for formal approval from the company's finance department."

XRP Spot ETF issuance schedule: Countdown has begun

The latest developments suggest that all seven XRP Spot ETFs could be launched simultaneously before Friday, October 3, without having to wait for the previously set final decision deadline:

Grayscale: October 18

21Shares: October 19

Bitwise: October 20

Canary Capital: October 24

CoinShares: October 25

WisdomTree: October 25

Franklin Templeton: November 14

With the implementation of GLS, these deadlines no longer restrict the issuance time, allowing all ETFs to debut simultaneously in early October. This change eliminates the first-mover advantage in the competition among altcoin Spot ETFs, creating a fairer competitive environment for the market.

21 cryptocurrency ETFs may go live on the same day

Nate Geraci, the president of NovaDius Wealth Management, warned investors that the cryptocurrency market is about to enter a critical moment: "In the coming weeks, there will be huge opportunities for spot cryptocurrency ETFs. The SEC is approaching the final deadline for numerous applications."

Market analysts predict that up to 21 Spot ETFs covering different cryptocurrencies could be listed on the same day, which will bring unprecedented changes to the market landscape in the fourth quarter. The capital flow trends of various cryptocurrency Spot ETFs may break the correlations across the broader market and show divergence due to investor preferences, which may be more based on the actual application value of each coin.

BlackRock Factor: iShares XRP Trust May Become a Market Key

Although BlackRock is currently silent on its XRP Spot ETF plans, the approval of the universal listing standards means that the financial giant could launch the product at any time. Considering BlackRock's dominance in the Bitcoin and Ethereum ETF markets, the launch of its XRP product could have a significant impact on the market.

BlackRock's iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA) recorded net inflows of $60.82 billion and $13.16 billion, respectively, far surpassing other competitors. This data highlights the potential significant influence of the iShares XRP Trust on the price outlook of XRP.

Analysts believe that while BlackRock may launch its XRP product later, the company might want to avoid giving other ETF issuers a first-mover advantage, and therefore is likely to join the competition at the time of the first XRP ETF issuance.

XRP Price Analysis: The $3 Level is a Key Battleground

(Source: Trading View)

On September 30, XRP is reported at $2.88. Although the token's performance is slightly below the market (1.48%), it is approaching the important psychological barrier of $3.

· Key Technical Level

Technical analysis shows that XRP is currently facing the following key price levels:

Support levels: $2.7 and $2.5

Resistance levels: $3, $3.2, and the historical high of $3.66

In the short term, the price trend of XRP will be influenced by various factors:

ETF Demand and Capital Flow: The inflow scale of the first batch of XRP ETFs will directly affect price trends.

BlackRock's Position: Timing and Market Reaction of the iShares XRP Trust

Institution Adoption: The interest of blue-chip companies in XRP as a treasury reserve asset.

Regulatory Developments: Progress of Ripple's application for a US chartered bank license, market structure legislation, and developments related to SWIFT.

Multiple Catalysts Resonance: Possible Scenarios for XRP Price Trends

The future trend of XRP prices will depend on the combined effects of multiple catalysts, including ETF fund flows, regulatory developments, and institutional adoption.

Bullish Scenario: Breakthrough the $3 Mark

If the following factors work together, XRP is expected to突破 the $3 barrier and advance towards $3.2 or even the historical high of $3.66:

· BITW, GDLC, and XRPR ETFs report strong capital inflows

· BlackRock successfully listed and traded iShares XRP Trust

· Blue-chip companies are starting to build XRP holdings for financial purposes.

· Ripple has obtained a charter bank license in the United States.

The Market Structure Bill has successfully passed in the Senate.

· Ripple's market share in the global remittance market continues to expand.

Bearish Scenario: Testing Support Level

If the following adverse factors occur, XRP may fall back to the support levels of $2.7 or even $2.5:

· ETF outflows instead of inflows

· BlackRock abandons XRP Spot ETF plan

· Regulatory progress is hindered, including the market structure bill facing resistance.

· Institutional investors' interest in XRP has weakened.

· Ripple's banking license application has been postponed or rejected.

Ripple's Broader Strategy: More than Just an ETF

It is worth noting that Ripple's development strategy goes far beyond the ETF market. The company is advancing in multiple directions simultaneously to solidify its position in the global financial system:

U.S. Banking License Application: Ripple is applying for a U.S. chartered bank license, which will enable the company to offer a wider range of financial services.

Market Structure Bill Support: If this bill passes, it will provide a clearer regulatory framework for digital assets such as XRP.

Global Payment Network Expansion: Ripple continues to challenge SWIFT's dominance in the global remittance space.

These strategic initiatives together constitute Ripple's long-term development blueprint, and the launch of the XRP Spot ETF will become an important milestone in this blueprint.

Conclusion: XRP Spot ETF Opens a New Era

The SEC's decision to withdraw the 19b-4 application marks a significant shift in the approval process for cryptocurrency ETFs, creating conditions for the simultaneous launch of ETF products for various crypto assets, including XRP. As the countdown begins, investors should closely follow the capital flows of the first batch of XRP ETFs, BlackRock's market actions, and Ripple's regulatory progress.

Whether XRP can break through the $3 mark and challenge its historical high will depend on the interplay of these factors. Regardless of the outcome, the launch of the XRP Spot ETF will open a new chapter in the cryptocurrency market, providing convenient channels for broader institutional and retail investor participation.