Additional XRP exchange-traded funds (ETFs) will have to wait some more to be approved in the United States as the government shutdown affected their time line. However, the only spot ETF listed has already surpassed $100 million in assets, favoring a bullish XRP price prediction.
The U.S. federal government’s shutdown is heading to its 26th day, and it is already affecting areas related to the crypto market, like the U.S. Securities and Exchange Commission (SEC)’s ability to approve new ETFs.
According to crypto trader Xaif Crypto, whose X account is followed by more than 19,900 users, the agency has moved its deadline for multiple XRP-linked funds to November 14 amid this ongoing impasse.
However, the REX-Osprey XRP ETF (XRPR) has amassed more than $100 million in assets. This is a landmark moment for XRPR that emphasizes how strong the market’s interest is in XRP.
XRP Price Prediction: XRP Hits Key Resistance and Could Either Drop to $2 or Climb to $6
Trading volumes for XRP in the past 24 hours have jumped by 22% as the token surpassed the $2.6 mark.
Today, XRP has hit a key resistance area where there is confluence between the 200-day exponential moving average (EMA) and a former trend line support. Failing to capture the $2.8 level may lead to further downside in the near term.
However, if XRP manages to climb above this mark, it could once again rally toward $3.6 shortly. Meanwhile, if positive momentum accelerates, the token could reach much higher levels. Especially once the SEC approves these pending XRP ETFs.
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The post XRP Price Prediction: Government Shutdown Delays Ripple ETF Decisions, But Osprey Accumulates – Is XRP Going to Hit $3 This Week? appeared first on Cryptonews.
