With the arrival of the second half of October, the cryptocurrency market has now turned its attention to Ripple and its native token XRP. A number of significant events await Ripple and XRP from next week. These changes could be extremely bullish for the altcoin’s price, sparking a rally that many have been expecting for some time.
Vital developments to watch out for Ripple and XRP
Cryptocurrency expert, operating under the pseudonym Xfinancebull on the X platform (formerly Twitter). scratched the most significant events that are on the horizon for Ripple and XRP. The first and probably the most well-known and most anticipated of them is the Securities and Exchange Commission (SEC) decision regarding the XRP ETF.
According to. in total, 10 applications for XRP ETFs are pending data from The Block The SEC is approaching a deadline to make decisions on funding applications. Between October 18 and 25, the deadline for ETF applications is, and the SEC will have to either reject or give the green airy to funds such as Grayscale, Bitwise and 21Shares. This is because the SEC has reduced the processing time for applications to 75 days, shortening the deadlines.
Another significant event is the Ripple Swell event that takes place every year. This event brings together key stakeholders from around the world to discuss the future of cryptocurrencies. This year, the most significant event will be the speech of BlackRock’s director of digital assets, Maxwell Stein, who will talk about cryptocurrency care during the event.
This has already added fuel to the rumors that BlackRock is interested in XRP and may soon start its own ETF. As a result, the Ripple Swell event, which will take place on November 4-5 in Novel York, is expected to be a closely watched event.
Bullish developments so far
In addition to the upcoming increases, Ripple and XRP We have already seen some events that have added to their bullish momentum. One of them is the end of the Ripple vs. SEC legal battle that began in 2020. Once the lawsuit ended, the way was paved for XRP ETFs and price discovery.
The crypto expert also points out that global elections, from Japan to the EU, were more pro-crypto than before. The Clarity Act is also expected to provide more clarification regarding digital assets.
As all these factors come together, the expert believes that the price of XRP is starting to stabilize. The first stop is expected to be $5, which is the lower end, but if BlackRock comes to the table, the analyst expects the price to rise above $6.
Featured image from Dall.E, chart from Tradingview.com

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