Here Are the Two Big Decisions Facing XRP and Ripple This October
August 19, 2025
A renowned legal expert in the XRP community has highlighted two major regulatory events relating to XRP and Ripple expected in October.
In a tweet, attorney Bill Morgan suggested that October could be an eventful month for XRP and Ripple, with two critical developments possibly happening around the same time.
The legal expert shared this view after the U.S. SEC delayed its decision on multiple spot XRP exchange-traded funds (ETFs).
XRP ETF
First, the pro-XRP lawyer pointed to the SEC’s recent decision to delay ruling on multiple XRP ETFs, pushing the deadline to October.
It is worth mentioning that October is the final deadline for the SEC’s decision on several crypto-related ETFs, including the CoinShares and 21Shares XRP ETFs. The U.S. securities regulator must decide whether to approve or disapprove the XRP ETF by late October.
Ripple’s National Bank Charter
According to Morgan, the OCC’s decision on Ripple’s national banking charter application is another major event scheduled for October. The lawyer pointed out that Ripple applied to the OCC on July 2, seeking a national bank charter.
Referencing the OCC rule, Morgan noted that the federal agency must decide within 120 days of the application. This means that the OCC’s decision on Ripple’s national banking license application could come by late October.
According to the referenced document, the OCC may also issue this decision sooner, so long as the filing qualifies for an expedited review. However, Morgan stated that the OCC could also extend its decision timeline beyond October.
Amid these pending developments, Morgan is optimistic that October could be a significant month for XRP and Ripple. While the SEC’s final decision deadline for most spot XRP ETFs falls in October, the OCC could decide the fate of Ripple’s application for a national bank charter in the same month.
XRP Reaction to Potential ETF
Meanwhile, financial commentator Zach Rector has shared his views on how XRP’s price could react to the approval of the spot ETFs. Rector noted that anticipation for these products could drive buying pressure, potentially pushing XRP’s price higher.
He suggested that if the ETFs launch, XRP might experience a slight pullback as traders who acquired the token before the approval may likely sell.
However, the analyst expects this retracement to be temporary. In his view, consistent inflows into these products could result in a major rally for XRP, potentially pushing the token’s price to double-digit and beyond.
Rector expects ETF inflows to drive XRP’s price to at least $10, aligning with targets set by several community experts.
