- XRP breakout is possible if the monthly close holds above $3.30.
- SEC delays the XRP ETF decision, pushing the review to October 2025.
- Ripple funds Gemini’s IPO while pursuing the adoption of Amazon and Uber.
XRP is nearing a potential breakout point as analysts highlight key price levels. Market analyst EGRAG CRYPTO reported that XRP is only 12 days away from a potential breakout.
The analysis noted that a monthly candle body close above $3.30 would act as a launch pad. Charts outlined three potential paths: optimistic, average, and conservative. Each scenario placed $5.00 as a key target if momentum follows historical patterns.
EGRAG CRYPTO pointed to a cup-and-handle formation, suggesting that patience and discipline will be critical for the XRP community. Holders were encouraged to stay steady as the asset approaches its next technical milestone.
SEC Extends Decision on Nasdaq’s Coinshares XRP ETF
The U.S. Securities and Exchange Commission confirmed another delay in its review of Nasdaq’s proposal to list and trade the Coinshares XRP ETF. The initial deadline of August 24 has now been pushed to October 23, 2025.
The regulator stated that the extension was needed to review new public comments and evaluate the proposed rule change. If approved, the ETF would fall under Nasdaq’s Commodity-Based Trust Shares structure.
Reports further noted that Bitwise and Canary also face delays with their XRP ETF applications. Analyst said the prolonged review could affect the timing of institutional exposure to the token.
Ripple-Backed Gemini IPO and Institutional Partnerships
CNBC reported that Gemini has filed to go public on Nasdaq, marking a new step in its expansion strategy. The filing revealed that Ripple is providing financial support as part of Gemini’s Initial Public Offering.
Analysts explained that Ripple’s involvement signals its growing role in traditional financial markets. They added that this partnership could strengthen investor confidence in the listing.
Meanwhile, Ripple CEO Brad Garlinghouse disclosed meetings with Uber and Amazon to integrate XRP payments. He described these talks as a step toward institutional adoption.
The XRP Ledger Program, launched on August 1, was also highlighted as a driver of ecosystem growth. At its center is the BXE token, which is priced at $0.025 and has a capped supply of 500 million.
Due to its scarcity, analysts projected a possible future range of $19–24 per token. They emphasized that the program marks a turning point in the development of XRP’s broader ecosystem.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
