# XRP ETF Approval Caught in Government Shutdown Limbo—What's Next? The partial U.S. government shutdown just threw a wrench into XRP's ETF timeline, and the crypto market is reacting hard. XRP has cratered 27% over the past three weeks, now hovering around the $2.24 support level as institutional hopes clash with regulatory delays. # # The Shutdown Domino Effect Here's the thing: the SEC can't process ETF applications while most government agencies are sitting idle. The Senate's inability to pass funding (that's 10 failed GOP votes and counting) means the deadline on multiple XRP ETF filings just got extended indefinitely. This is the real pain point for bulls—not that approval won't happen, but that nobody knows *when*. # # October 19b-4 ≠ Launch Date Legal experts are dropping important context here. Greg Xethalis from Duke Law clarified that the October 19b-4 filing deadline was never the actual launch date—it's just one step in a longer process. Think of it as the SEC's internal checkpoint, not the finish line. Once government reopens, the review resumes. The actual ETF launch could happen fast once a decision lands. # # Institutions Aren't Sweating It Despite the price dump, institutional interest is still building. CoinShares just joined the race on October 14, filing for an XRP ETF with BitGo handling custody and Valkyrie as seed investor. Spot-only exposure, no staking—classic institutional setup. This signals that the big money sees through the short-term noise. # # The Real Question Is this 27% slide overblown panic, or a legitimate warning that deadline extensions could trigger more selling? Analysts are watching the support zone closely. If ETF approval drags into Q1 2025, retail FOMO could evaporate. But if we get resolution within weeks, this dip looks like a textbook accumulation zone for patient holders.

🪙 Ripple Raises $500 Million at $40 Billion Valuation Following XRP's Historic Surge Crypto fintech company Ripple announced a $500 million strategic investment on Wednesday, at a $40 billion valuation. The firm, whose founders helped created cryptocurrency XRP, said that funds managed by affiliates of Wall Street giants Citadel Securities, Fortress Investment Group, and Brevan Howard took part in the raise. XRP's price was trading slightly higher on Wednesday morning New York time, at $2.28 per coin. The coin surged to a new all-time high mark of $3.65 in July after breaking a seven-year-old record, fueled by regulatory optimism and plans for U.S. spot exchange-traded funds tracking the cryptocurrency. "This investment isn’t just validation of Ripple’s growth strategy and business built on the foundation of XRP, but also a clear bet on what the future of crypto will look like," Ripple CEO Brad Garlinghouse wrote on X. "I’m very proud of what we’ve built, and all that’s to come." #XRP #Ripple {spot}(XRPUSDT)