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One expert is drawing similarities from Bitcoin’s surge in the months following the launch of spot ETFs, with the largest cryptocurrency soaring to set new peaks.
ETFs Tipped To Trigger XRP Rally
Pseudonymous X user Vincent Van Code has predicted that an XRP spot ETF approval will have the largest impact on asset prices, dwarfing macroeconomic indicators and liquidity.
According to the cryptocurrency investor, an SEC approval in the coming days can send XRP prices to new all-time highs after months of sideways trading. Vincent Van Code noted in an X post that his latest stance is a reversal from his previous position, underscored by the belief that ETFs will not affect XRP price.
Vincent Van Code disclosed that Bitcoin’s meteoric run following the approval of spot ETFs could become the same narrative for XRP. Typically, a spot ETF opens the floodgates for institutional investors to wade into an asset class, pushing prices to previously unseen levels
 
“I think the XRP ETFs are about to have a massive impact on its price,” wrote Vincent Van Code. “It will be seen as the one with the greatest use case and potential and become the favorite.”
Furthermore, Vincent Van Code added that the influx of institutional investors to XRP will trigger significant on-chain activity for the asset. He predicted that XRP scarcity will increase while XRPL will record a surge in volume on decentralized exchanges, potentially pressuring the supply on centralized exchanges.
At the moment, XRP price is trading at $2.42, falling by over 3% over the last day and recording a steep 14% drop on the one-week chart. Meanwhile, Santiment data reveals that XRP has recorded its highest FUD levels since Trump’s tariffs, providing a rare buying opportunity for investors.
A barrage of incoming final decisions
The US SEC is set to issue a raft of final decisions on XRP ETFs in October after a year-long streak of delays. Between October 18 and 25, the securities regulator will give its verdict on eight XRP ETF applications from several issuers.
The issuers include Grayscale, 21Shares, Bitwise, Canary Capital, WisdomTree, Franklin Templeton, CoinShares, and RexShares. Among experts, there is a consensus that the SEC will give the green light for a spot XRP ETF before the end of October.