XRP(XRP) price has rallied more than 15% since closing at $2.32 on Feb. 6, following the crypto market’s drawdown. While most altcoins have struggled to establish a recovery, XRP’s weekly chart has received plaudits for a bullish outlook.

The SEC has recently acknowledged Grayscale’s filing for an XRP ETF, a crucial step toward potential approval. This starts a review period, after which the SEC will decide on the ETF. While this has sparked optimism,

The SEC reviews CoinShares XRP ETF application as a 21-day comment period begins amid rising XRP ETF approval prospects.

The Securities and Exchanges Commission acknowledged a filing by the New York Stock Exchange and Grayscale for an XRP ETF on Thursday.

XRP’s price rally follows the acknowledgment of multiple XRP filings by the SEC and rumors of delay in Ripple’s legal battle with the agency.

XRP’s Relative Strength Index (RSI) at 67.42 is approaching overbought conditions, which could lead to a temporary pullback. Traders are closely watching whether XRP can consolidate above $2.69, which could pave the way for further gains toward $2.75 and $2.9.

The SEC is reviewing multiple XRP ETF proposals from major asset managers, including Bitwise, Grayscale, and 21Shares, as part of a broader expansion of crypto investment products following the successful launch of Bitcoin and Ethereum ETFs.

The US Securities and Exchange Commission (SEC) is soliciting public input on a proposal for an exchange-traded fund (ETF) tied to XRP. In a filing posted on Wednesday, the SEC acknowledged a proposal from Cboe BZX Exchange,

According to a Feb. 14 regulatory filing, the United States Securities and Exchange Commission (SEC) has acknowledged Cboe BZX’s request to list asset manager 21Shares’ XRP exchange-traded fund (ETF).