- XRP ETFs and bank charter decisions collide in October showdown.
- Ripple’s future hinges on SEC rulings and OCC approval.
- Analysts warn XRP price faces key levels before October deadlines.
Ripple is preparing for one of its most essential months yet, with two major regulatory events converging in October. According to crypto lawyer Bill Morgan, both the SEC’s rulings on XRP spot ETFs and Ripple’s U.S. national bank charter application are set to land within weeks, making the month a defining one for the company.
The U.S. Securities and Exchange Commission has pushed back the XRP spot ETF applications to mid and late October. Grayscale, 21Shares, and Bitwise are scheduled to receive rulings on Oct. 18, 19, and 20, and WisdomTree, Canary Capital, and Franklin Templeton will face judgment on Oct. 24 and 25.
Since the SEC cannot extend these deadlines again, all rulings must be finalized by the end of October.
Also Read: XRP on the Edge as 50-Day EMA Test Threatens Sharp Downturn Toward $2.70
XRP Price Outlook and Technical Market Levels
XRP slipped below $3.00 after the postponement, triggering bearish sentiment. Analyst Ali Martinez cautioned that unless XRP returns to levels above $3.30, the token may dip to levels below $2.60 or even $2.00.
EGRAG CRYPTO further noted that XRP is now trading in a critical area. To resume a bullish rally, it must recover the $3.00 price level. A bearish wave might be proved by a close below $2.90 on the four-hour chart, which would likely push XRP to $2.65, which is regarded as a critical floor.
On the positive side, a clearance of the level at $3.00 precondition trends to $3.13 and $3.20. The breakout above $3.45 with more strength might provide an opening to the next target, which is at the level of $3.65, as it is seen as a critical point in any attempt to reach new highs.
Ripple’s Bank Charter Application Adds to the Stakes
In addition to the ETF decisions, Ripple is awaiting the outcome of its U.S. national bank charter application, filed on July 2, 2025. The OCC guideline states that there is a 120-day review period, which puts the decision window late in October. Nevertheless, according to analysts, it may take as long as 18 months in practice.
Such approval would turn Ripple into a federally regulated trust bank, and the reserves of its RLUSD stablecoin could then be held directly with the Federal Reserve. This would enhance Ripple’s credibility in the American financial system, especially following its protracted legal tussle with the SEC.
Bill Morgan emphasized that the overlap of ETF rulings and the bank charter review makes October a turning point for Ripple. The outcomes will determine whether the company secures new momentum or faces renewed delays in its push for institutional acceptance.
Also Read: XRP Needs to Reclaim This Level to Reignite Bullish Momentum
