The Securities and Exchange Commission (SEC) is reviewing multiple applications for Xrp exchange-traded funds (ETFs), leading to increased market anticipation. This review process has significant implications for the cryptocurrency industry, with potential approval expected to boost investor confidence. Notably, WisdomTree’s latest application for listing on the Cboe BZX Exchange has sparked interest and excitement, despite lacking certain crucial details like custodian information. The firm joins a growing list of asset managers vying for SEC approval, including Bitwise Asset Management and Franklin Templeton, who have also received extended review periods. ProShares Trust secured its own ETF approval in April 2025, influencing market movements. The SEC’s decision to extend the review timelines has impacted XRP’s price, dropping it below $2.30 momentarily before a resurgence of optimism. Analysts predict potential for XRP’s value to surge once the regulatory hurdles are cleared, with some predicting prices exceeding $5 per coin. Ripple CEO Brad Garlinghouse is optimistic that SEC approval for XRP ETFs will happen in the second half of 2025. The current SEC review process reflects a similar pattern to the approval process for Bitcoin and Ethereum ETFs, where procedural delays did not deter final approvals. The historical precedent suggests positive outcomes for XRP ETF applications despite these extended reviews.