XRP Spot ETF Countdown: SEC's Withdrawal of 19b-4 Application Indicates Upcoming Batch Listing, October May Welcome an Epic "Green Light"!

The SEC has instructed all issuers of ADA, DOGE, LTC, SOL, and XRP ETFs to withdraw their 19b-4 application documents. This move follows the SEC's procedural shift after approving the “Generic Listing Standards” (GLS) on September 17, indicating that the demand for the 19b-4 documents has been canceled. Market analysts believe this move signals that the SEC may choose to “approve in bulk” all encryption spot ETFs, eliminating the “first-mover advantage.” Under the new framework, 7 XRP spot ETFs are expected to launch simultaneously in early October, and with BlackRock's potential involvement, the price of XRP is approaching $3, as the market is about to welcome a disruptive fourth quarter.

SEC Withdraws 19b-4 Application: General Standards Change ETF Game Rules

Eleanor Terrett, a reporter in the encryption industry, revealed that the SEC has asked multiple altcoin ETF issuers to withdraw their 19b-4 filings. This procedural shift is a direct consequence of the SEC approving the “General Listing Standards” (GLS) on September 17.

· Streamlined process: The approval of GLS allows exchanges to no longer submit the 19b-4 documents to initiate the SEC review process. This means that issuers now only need to wait for the formal approval of the S-1 registration statement from the SEC's Division of Corporation Finance.

· Possible batch listing: This move comes as the final ruling deadlines for several encryption Spot ETFs approach (for example, the final deadline for Canary Capital's Litecoin ETF is October 2). Analysts speculate that the SEC previously took measures to prevent “first-mover advantage,” and the withdrawal of the 19b-4 filing may indicate that the SEC prefers to approve all encryption Spot ETFs at once, thereby avoiding a single project from monopolizing the market.

Bloomberg Intelligence senior ETF analyst Eric Balchunas agrees and believes that after the implementation of GLS, 19b-4 and its “clock” have become meaningless. He admitted that “the chances of approval now are really 100%,” but the specific listing timeline still needs to be observed.

XRP Spot ETF Launch Timeline: Expected to debut in October

The latest developments mean that the previously set final ruling deadline is no longer a hard limit on the listing of the XRP Spot ETF.

· Potential listing date: 7 XRP Spot ETFs, including applications submitted by Grayscale, 21Shares, Bitwise, Canary Capital, CoinShares, WisdomTree, and Franklin Templeton, may be launched concurrently as early as this week, before Friday, October 3.

· Original deadline (for reference):

· Grayscale: October 18.

· 21Shares: October 19.1

· Bitwise: October 20.

· Franklin Templeton: November 14.

With the GLS coming into effect, these dates are for reference only and have created conditions for the collective debut of the XRP ETF in October.

BlackRock's Moves Become Key: The “X” Factor of Institutional Funds

Although BlackRock has not officially submitted an XRP Spot ETF application, the existence of GLS means that this issuance giant can list and trade its iShares XRP Trust at any time.

· Avoid missing the opportunity: Although BlackRock may launch later, to avoid giving up the “first mover advantage” to other issuers, it is very likely to choose to launch on the same day as the listing of the other 7 XRP ETFs.

· Market Dominance: BlackRock's iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA) reported massive net inflows of $60.82 billion and $13.16 billion, dominating the Spot ETF market for Bitcoin and Ethereum. If the iShares XRP Trust is launched, its massive capital siphoning effect will serve as a significant catalyst for XRP prices.

Market traders need to closely monitor BlackRock's movements. The listing of an iShares XRP Trust is likely to become a direct catalyst for a surge in XRP prices.

XRP Price and Technical Analysis: Approaching the Psychological Barrier of 3 Dollars

(Source: TradingView)

XRP price rose by 0.47% on Monday, September 29, continuing the previous day's increase of 2.17%, closing at $2.882, gradually approaching the psychological barrier of $3.

· Short-term support and resistance:

· Support levels: $2.7 and $2.5.

· Resistance levels: 3 dollars, 3.2 dollars and historical high of 3.66 dollars.

In the short term, the following key scenarios will affect the price movement of XRP: demand for XRP ETF, progress of Spot ETF, BlackRock's stance, demand from blue-chip companies to use XRP as a reserve asset, and regulatory milestones such as Ripple's application for a U.S. banking license and the Market Structure Bill.

Bullish scenario:

BITW, GDLC, and XRPR ETF report strong inflows; BlackRock lists iShares XRP Trust; blue-chip companies accumulate XRP as reserves; Ripple obtains a banking license in the US, Market Structure Bill passes the Senate; SWIFT loses global remittance market share. These positive factors could push XRP towards $3, with the potential to break through $3.2 and even retest the historical high of $3.66.

Bearish scenario:

ETF report shows fund outflows; BlackRock denies XRP ETF plan; SEC rejects XRP ETF application; encryption-friendly regulations face obstacles; blue-chip companies do not intend to use XRP as a reserve asset; Ripple's banking license is delayed or denied. These adverse factors may push XRP towards $2.7, and breaking below this support level will expose the $2.5 defense.

Conclusion

The SEC has requested to withdraw the 19b-4 application, opening the door for the batch listing of the XRP Spot ETF and setting an optimistic tone for XRP's performance in Q4. With the support of the “Universal Listing Standards,” 7 XRP ETFs are expected to launch simultaneously in early October. If BlackRock also chooses to join the fray, XRP could see a significant price reevaluation. With increased regulatory clarity and the influx of institutional funds, XRP will not only compete with ADA, DOGE, LTC, and SOL but may also break market correlation and experience a strong rally driven by fundamentals, thanks to its practical utility in cross-border payments.

Disclaimer: This article is for news information and does not constitute any investment advice. The encryption market is highly volatile, and investors should make cautious decisions.