XRP ETF review or entering the fast lane? SEC plans to change strategy, 3 dollars breakthrough is just around the corner.

Ripple (XRP) is steadily trading 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. As the SEC may adjust its ETF approval strategy, the outlook for the XRP ETF listing may see a significant turning point.

SEC may adopt a "fast track" for processing cryptocurrency ETFs

According to data from Bloomberg analyst James Seyffart, the SEC currently has over 90 cryptocurrency ETF proposals pending, including subsequent products for Bitcoin (BTC) and Ethereum (ETH) spot ETFs.

In response to the increasing volume of applications, the SEC may expedite the approval process for token ETFs that meet certain conditions by amending the rules.

The rule change proposals submitted by the Chicago Board Options Exchange (Cboe) BZX, Nasdaq, and the New York Stock Exchange Arca outline three core standards for accelerated listing:

Market Cap Threshold: Average market cap over the past six months exceeds 500 million USD.

Trading Volume Requirement: Minimum daily average trading volume of 50 million USD

Token List: Initially applicable to 10 mainstream coins, including DOGE, BCH, LTC, LINK, XLM, AVAX, SHIB, DOT, SOL, and HBAR.

Although XRP and SOL meet two of the conditions, if the scope of the rules is expanded, XRP is expected to directly enter the "fast track listing".

Potential Catalysts for XRP ETF Approval

The Digital Chamber of Commerce and Multicoin Capital Management have submitted a comment letter to the SEC, supporting a fast track mechanism based on objective criteria, arguing that it will provide clear guidance for issuers and facilitate compliant investment channels for digital assets.

Galaxy Research also pointed out 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 quick 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 Analysis: $3 Breakthrough in Sight

Currently, XRP is holding above the 100-day moving average, indicating strong long positions. If it can break through the 3.00 dollar mark, the next target will be the historical high of 3.66 dollars.

Conversely, if it breaks below the moving average support, it may test the $2.70 area in the short term, testing the long positions defense line.

Conclusion

With the SEC potentially adopting a "fast track" to process ETF applications, the approval timeline for the XRP ETF may be significantly shortened. For the market, this not only means that XRP is expected to welcome new inflows of capital, but it could also become a key driver in pushing the price above $3 in the fourth quarter. Investors should closely monitor changes in SEC rules and the progress of ETF applications, as this will directly impact the short to medium-term trends of XRP.