XRP ETF prospects are gaining momentum as recent regulatory updates and legal developments provide renewed optimism for Ripple supporters and crypto investors alike.

ETF Filings See Swift Revisions

Earlier this week, the U.S. Securities and Exchange Commission postponed its decision on several pending applications for XRP exchange-traded funds. These filings, submitted by major firms like Bitwise, Canary, Coinshares, and Grayscale, were quickly revised by the issuers in response to the SEC’s feedback.

James Seyffart, an ETF analyst at Bloomberg, noted that the prompt updates are “almost certainly” due to comments from the regulatory body. Drawing parallels to the approval processes for Bitcoin and Ethereum ETFs, which also underwent similar rounds of revisions, Seyffart categorized the changes as a promising – though predictable – sign.

Fox Business journalist Eleanor Terrett amplified Seyffart’s observation, adding that it’s logical for issuers to implement these updates now, especially with the next SEC decision deadline approaching in October.

Ripple vs SEC Nearing Resolution

Positive momentum for XRP isn’t limited to ETF applications. The long-standing courtroom battle between Ripple and the SEC reached a significant milestone this week, raising hopes for a swift resolution. The Second Circuit Court approved a joint stipulation of dismissal filed by both parties in early August — a move that experts believe could bring the case to a close soon.

This development marks progress compared to similar attempts in the past, when Judge Torres had initially rejected previous joint dismissal requests. Now, with the most recent approval, both Ripple and the SEC may be nearing the end of their legal standoff.

Price Action Reacts to Positive News

News of the legal advancement had a pronounced effect on XRP’s price. After dipping to a multi-week low below $2.80, the cryptocurrency surged to $3.10 within moments of the announcement. In addition to the legal catalyst, XRP’s rebound was supported by a broader uptick in the crypto market, fueled by Federal Reserve Chair Jerome Powell’s speech at Jackson Hole that brought fresh speculation about potential interest rate cuts.

Although XRP has pulled back slightly from that local high, it continues to trade above the $3.00 threshold — a level that now acts as a key support zone based on prior price movements. This sustained strength reinforces bullish sentiment around both the token and its long-term outlook in the ETF landscape.

Related: XRP Price: $12M Max Pain for Bears

Momentum is building for XRP ETFs amid legal milestones and SEC interactions.