The U.S. Securities and Exchange Commission (SEC) faced a deadline, Friday, March 27, to rule on several spot purchase applications. $XRP ETFs.
The agency was expected to rule on 91 pending applications for crypto ETFs covering 24 tokens, including $XRP.
Several spots $XRP ETFs, including those from Canary Capital, Bitwise and 21Shares, are already live and traded. These were launched between September and December 2025 and now represent $1.44 billion in crypto inflows.
Among the pending files is that of Grayscale, which seeks to convert its $2.1 billion $XRP Trust a spot ETF. Franklin Templeton awaits decision on his sport $XRP funds while WisdomTree awaits a decision on a batch of deposits.
Online speculation reports institutional inflows of up to $8 billion following approval of the $XRP-related investment products.
$XRP price action and prediction
Ten days ago, the SEC and the Commodities and Futures Trading Commission (CFTC) jointly filed $XRP as a digital commodity, placing it on the same legal footing as Bitcoin and Ethereum.
Community buzz around the recent SEC deadline saw $XRP Open interest (OI) hits 14.8% in 24 hours – the highest in a week. Historically, lowest OI levels such as April 2025 have preceded a triple-digit percentage increase, a trend mirrored by March 2026.
Source: CoinGlass
On the other hand, $XRPThe perpetual funding rate recently jumped 158.19% to 0.0028. This indicates that long positions are dominating short positions, implying bullish sentiment among derivatives traders.
However, $XRP was trading at $1.32 at the time of writing, having fallen 2.95% alongside the broader crypto market’s reaction to geopolitical and macroeconomic events and Friday’s $13.5 billion options expiration.
Source: CoinMarketCap
Cascading developments
Ripple has integrated artificial intelligence (AI) into its network, which recently helped it catch 10 bugs on the network. $XRP Ledger.
Other ledger enhancements aim to improve consistency, enhance security, and enhance predictability amid increasing complexity. We hope this will help address the recent increase in gas prices due to network congestion.
In addition, a review by the Senate Banking Committee of the CLARITY Act in late April should etc. $XRPcommodity status in federal law.