Here's Why October Will Be Critical for XRP

Group 1 - The SEC is set to rule on multiple spot XRP ETF applications during the weeks of October 13 and October 20, which could lead to XRP joining Bitcoin and Ethereum in the U.S. spot-ETF market [1][3] - The convergence of ETF filings creates a unique opportunity for investors to gain regulatory clarity regarding XRP ETFs all at once [3] - The approval of spot ETFs could lead to significant demand for XRP as institutional partners purchase the underlying asset directly, potentially reducing the circulating supply over time [4] Group 2 - Historical context shows that ETF approvals do not always lead to immediate price surges; for instance, Ethereum's spot ETFs initially attracted $106 million on launch day, with significant inflows occurring much later [5] - Any potential price appreciation for XRP following ETF approvals is expected to be gradual, as asset gathering and availability on retirement platforms take time [6] - The approval of multiple spot XRP ETFs could create substantial buying pressure over time, although macroeconomic factors may influence market conditions [7]