TLDR:
- 21Shares’ third XRP ETF amendment starts a 20-day SEC review countdown.
- XRP trades at $2.30 with over $5.6B in daily trading volume.
- Analyst projects XRP’s next wave could target $5.85 to $10 short term.
- Franklin Templeton’s XRPZ ETF listing on DTCC signals launch readiness.
21Shares has filed its third amendment to Form S-1 for its proposed spot XRP ETF, activating a 20-day review period under Section 8(a) of the Securities Act of 1933.
The filing, confirmed by ETF analyst Eric Balchunas, signals that the countdown toward potential approval has officially begun. The development marks a pivotal step for institutional XRP exposure, following a series of filings by competing issuers.
According to market watchers, the Amendment No. 3 filing places the 21Shares XRP ETF among the frontrunners seeking SEC clearance for spot XRP products.
BREAKING: 21Shares Files Amendment No. 3 for Spot XRP ETF — Countdown to SEC Review Begins
21Shares (@21Shares) has officially filed its Amendment No. 3 to Form S-1 for the proposed 21Shares $XRP ETF, triggering a mandatory 20-day @SECGov review window under Section 8(a) of… pic.twitter.com/0thL45EQOF
— Diana (@InvestWithD) November 7, 2025
Diana from InvestWithD highlighted the formal initiation of the review process, noting that it sets the stage for a decision that could shift the broader crypto ETF landscape. The move follows the recent listing of the Franklin Templeton XRP ETF (Ticker: XRPZ) on the DTCC, which positions both funds at the edge of launch readiness.
XRP Price Action Strengthens as Analysts Predict New Highs
XRP traded at $2.30 at press time, according to data from CoinGecko, with a 24-hour volume exceeding $5.66 billion. The token posted a modest 3.06% gain in the past day despite a 7-day decline of 8.29%.
Analysts suggest that price consolidation could precede a new upward wave fueled by ETF anticipation and broader market optimism. Market analyst Dark Defender reaffirmed an Elliott Wave outlook first published in early 2025, indicating that XRP has completed its monthly third wave and begun a fifth wave cycle.
The projection sets short-term price targets between $5.85 and $10, with key support near $2.22. He suggested that traders could start turning bullish throughout November as the technical structure matures.
The 21Shares filing has also intensified comparisons with previous ETF-driven market rallies. Historical data from similar spot product approvals has often coincided with upward price movements across major assets.
With XRP now at the center of renewed institutional focus, traders are watching for confirmation of sustained momentum before year-end.
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