Ripple’s Legal Overhang Slows XRP Rally; Key $3 Threshold Intact

XRP’s latest rally has been tempered by ongoing regulatory uncertainty, as the SEC postponed its decision on Franklin Templeton’s spot XRP ETF to November 14, ￰0￱ delay, citing the need for “additional review,” mirrors earlier extensions for Grayscale and VanEck, effectively clustering critical deadlines into October–November. While the delay briefly weighed on sentiment, XRP continued to trade near the $3.00 resistance level, supported by technical structure and speculation around potential Fed rate ￰1￱ Delays: Familiar Caution From the SEC The SEC’s cautious approach is consistent with its handling of previous crypto ETF applications, where repeated extensions often preceded eventual ￰2￱ investors, the near-term effect is prolonged uncertainty, leaving XRP vulnerable to headline-driven volatility in the weeks ￰3￱ remains a medium-term bullish catalyst, potentially unlocking billions in institutional inflows.

Delays, however, highlight the SEC’s reluctance to move quickly, keeping markets tethered to regulatory ￰4￱ are likely to monitor October–November closely, as multiple XRP ETF applications converge on final ￰5￱ Picture: Resistance at $3, Range-Bound Action