Key Takeaways
- XRP surged 8.1% to $2.47 following news of the U.S. government reopening.
- The SEC is expected to resume regulatory reviews, including pending XRP ETF applications.
- ETF approval could increase institutional demand and liquidity for XRP.
- Renewed market confidence may support sustained growth in digital assets.
XRP is climbing sharply as confidence returns to financial markets following the resolution of one of the longest U.S. government shutdowns in history. According to Watcher.Guru citing Politico, the Senate reached an agreement to reopen the federal government, lifting months of uncertainty that weighed on risk assets and delayed regulatory decisions.
Within hours of the announcement, Ripple surged 8.1%, reaching $2.47 as traders anticipated renewed momentum across financial and crypto markets. The prolonged shutdown had stalled key government operations, including agencies overseeing market regulations, which in turn affected investor sentiment and liquidity.
Also Read: XRP Price Steadies Above $2 as Retail Profit-Taking Slows and Institutional Interest Grows
Shutdown’s Impact on Digital Asset Markets
The government shutdown, which began on October 1, disrupted operations at federal institutions including the U.S. Securities and Exchange Commission (SEC). Several pending reviews of financial products, notably spot XRP ETFs, were delayed or paused, increasing market volatility.
Investors responded cautiously during this period, driving Ripple prices lower throughout October. With the government now set to resume normal functions, regulatory reviews are expected to accelerate, paving the way for long-awaited approvals and a potential boost to the digital asset ecosystem.
XRP’s Recovery and ETF Prospects
XRP’s rebound to $2.47 reflects growing investor optimism. The market is closely watching pending spot XRP ETF applications from asset managers like Bitwise and Franklin Templeton. Recent operational steps, such as the Depository Trust & Clearing Corporation (DTCC) listing nine XRP ETFs, indicate readiness for formal SEC approval.
Also Read: XRP Price Setup Hints at Explosive Short Squeeze: Is a 100% Rally Next?
Analysts anticipate that the reopening of federal agencies could speed up these regulatory reviews. Approval of XRP ETFs would likely attract institutional investors, increase liquidity, and support sustained price growth.
Outlook for the Coming Weeks
The end of the shutdown marks a potential turning point for Ripple and the broader crypto market. Restored government operations could stabilize investor sentiment, support treasury yields, and encourage capital inflows into digital assets. Combined with ETF speculation and renewed risk appetite, XRP appears poised for further gains.
