The Ripple price surged 5% in the past hour to $2.32 after 21Shares filed a key amendment for its proposed spot XRP ETF (exchange-traded fund). The move triggers a 20-day SEC review period that could automatically clear the fund for trading by late November. XRP Jumps 5% as SEC Clock Starts on 21Shares ETF The XRP community clearly received the news with euphoria, seen with a surge in buying activity, which catapulted the Ripple price nearly 5% within the hour. Ripple (XRP) Price Performance. Source: TradingView The filing, officially known as an Amendment No. 3 to Form S-1, was submitted under Section 8(a) of the Securities Act of 1933. It sets the clock for a potential automatic approval if the US SEC (Securities and Exchange Commission) does not intervene within the window. ETF analyst Eric Balchunas confirmed the move on X (Twitter).   If the SEC remains silent, the ETF could go live around November 27, as highlighted by market expert, Scott Melker. “It could automatically go live around November 27 if the SEC does not act!” Melker noted. Likewise, pro-XRP community member Diana described the update as “a countdown to SEC review,” predicting a big “god candle” within a month. In technical analysis, a god candle refers to a massive, sudden green candlestick on a price chart that represents an explosive upward move in a very short period. One such instance where the XRP price recorded a good candle was in July 2023, when Judge Analisa Torres delivered a partial ruling in favor of the Ripple community. Then, naysayers missed out on gains of up to 70% as the XRP price skyrocketed. Therefore, Diana’s god candle prediction reflects the prospective euphoria. XRP Price Reaction After Judge Torres’ July 13 Decision. Source: TradingView Institutional Filings Align Around November The 21Shares development comes just days after Franklin Templeton and Grayscale Investments made parallel adjustments to their own XRP ETF filings. As BeInCrypto reported, the moves signaled growing institutional coordination ahead of what could be a historic month for the approval of the Ripple-affiliated token. In particular, Franklin Templeton removed regulatory language that could delay approval from its S-1 registration statement, eliminating the same 8(a) clause that once required explicit SEC clearance before launch. This change, often used to fast-track ETF effectiveness, has been interpreted by analysts as a sign of readiness for a November rollout. Meanwhile, Grayscale filed its second amendment for its proposed XRP Trust conversion, designating key executives and legal counsel. This is another preparatory step typically seen ahead of launch timelines. Adding to the momentum, Canary Capital is now targeting a November 13 debut for its own XRP ETF, pending final approval from Nasdaq. If one or more XRP ETFs go live this month, it would mark the first time the token joins Bitcoin and Ethereum in the spot ETF market. The event could reshape institutional exposure and liquidity flows for XRP.The Ripple price surged 5% in the past hour to $2.32 after 21Shares filed a key amendment for its proposed spot XRP ETF (exchange-traded fund). The move triggers a 20-day SEC review period that could automatically clear the fund for trading by late November. XRP Jumps 5% as SEC Clock Starts on 21Shares ETF The XRP community clearly received the news with euphoria, seen with a surge in buying activity, which catapulted the Ripple price nearly 5% within the hour. Ripple (XRP) Price Performance. Source: TradingView The filing, officially known as an Amendment No. 3 to Form S-1, was submitted under Section 8(a) of the Securities Act of 1933. It sets the clock for a potential automatic approval if the US SEC (Securities and Exchange Commission) does not intervene within the window. ETF analyst Eric Balchunas confirmed the move on X (Twitter).   If the SEC remains silent, the ETF could go live around November 27, as highlighted by market expert, Scott Melker. “It could automatically go live around November 27 if the SEC does not act!” Melker noted. Likewise, pro-XRP community member Diana described the update as “a countdown to SEC review,” predicting a big “god candle” within a month. In technical analysis, a god candle refers to a massive, sudden green candlestick on a price chart that represents an explosive upward move in a very short period. One such instance where the XRP price recorded a good candle was in July 2023, when Judge Analisa Torres delivered a partial ruling in favor of the Ripple community. Then, naysayers missed out on gains of up to 70% as the XRP price skyrocketed. Therefore, Diana’s god candle prediction reflects the prospective euphoria. XRP Price Reaction After Judge Torres’ July 13 Decision. Source: TradingView Institutional Filings Align Around November The 21Shares development comes just days after Franklin Templeton and Grayscale Investments made parallel adjustments to their own XRP ETF filings. As BeInCrypto reported, the moves signaled growing institutional coordination ahead of what could be a historic month for the approval of the Ripple-affiliated token. In particular, Franklin Templeton removed regulatory language that could delay approval from its S-1 registration statement, eliminating the same 8(a) clause that once required explicit SEC clearance before launch. This change, often used to fast-track ETF effectiveness, has been interpreted by analysts as a sign of readiness for a November rollout. Meanwhile, Grayscale filed its second amendment for its proposed XRP Trust conversion, designating key executives and legal counsel. This is another preparatory step typically seen ahead of launch timelines. Adding to the momentum, Canary Capital is now targeting a November 13 debut for its own XRP ETF, pending final approval from Nasdaq. If one or more XRP ETFs go live this month, it would mark the first time the token joins Bitcoin and Ethereum in the spot ETF market. The event could reshape institutional exposure and liquidity flows for XRP.