XRP ETF review or entering the fast track? The SEC plans to change its strategy, and a breakthrough at $3 is just around the corner. Ripple (XRP) is steadily operating above the 100-day moving average, with bullish sentiment rising. The market generally expects it to hit $3.00 in the fourth quarter, and even challenge the historical high of $3.66. With the U.S. Securities and Exchange Commission (SEC) possibly adjusting its ETF approval strategy, the listing prospects for XRP ETF may see a significant turning point. The SEC may adopt a 'fast track' for processing cryptocurrency ETFs.

According to Bloomberg analyst James Seyffart's data, the SEC currently has over 90 cryptocurrency ETF proposals backlogged, including follow-up products for Bitcoin (BTC) and Ethereum (ETH) spot ETFs. To cope with the increasing number of applications, the SEC may speed up the approval process for token ETFs that meet specific conditions by modifying its rules. Proposed rule changes from the Chicago Board Options Exchange (Cboe) BZX, Nasdaq, and the New York Stock Exchange Arca outline three core standards for accelerated listing:
Market capitalization threshold: Average market capitalization over the past six months exceeds $500 million.
Volume requirement: Minimum average daily trading volume of $50 million.
Token list: Initially applies to 10 mainstream tokens, including DOGE, BCH, LTC, LINK, XLM, AVAX, SHIB, DOT, SOL, and HBAR.
Although XRP and SOL meet two of these conditions, if the scope of rule adjustments expands, XRP is expected to directly enter the 'fast track' listing list.
Potential catalysts for XRP ETF approval: The Digital Chamber of Commerce and Multicoin Capital Management have submitted comments to the SEC supporting a fast track mechanism based on objective criteria, arguing that this will provide clear guidance for issuers and promote compliant investment channels for digital assets. Galaxy Research also noted that this approach can not only alleviate the SEC's approval pressure but also enhance market confidence in related assets. If the XRP ETF receives fast approval, it will not only bring additional institutional capital inflows to this asset class but may also become a key catalyst for pushing the price above $3.00.
Technical aspect: $3 breakthrough in sight. Currently, XRP is holding above the 100-day moving average, indicating strong bullish momentum. If it can break through the $3.00 threshold, the next target will be the historical high of $3.66. Conversely, if it falls below the moving average support, it may test the $2.70 area in the short term, testing the bullish defense line.
In conclusion, as the SEC may adopt a 'fast track' for processing ETF applications, the approval timeline for XRP ETF may be significantly shortened. For the market, this not only means that XRP is expected to welcome new capital inflows but may also become a significant driver for pushing prices above $3. Investors should closely monitor the SEC's rule changes and the progress of ETF applications, as this will directly impact XRP's short to medium-term trends.