XRP ETF decision delayed; Traders rapidly accumulate Pi Network and XRP rival

 

Regulatory delays have put XRP back in the spotlight after the US Securities and Exchange Commission delayed reviewing a proposed exchange-traded fund around the token.

Meanwhile, the recent growth of the Pi network has surprised the industry, as it shows how quickly sentiment can change based on community gains and rumors of listing on major exchanges.

Still, while big names are waiting for approval or demanding sudden price increases, some investors are turning to the new payment-based alternative that quietly meets real needs without any regulatory hurdles.

Reports on XRP, which is currently valued at around $2.2, suggest that the SEC’s decision will impact proposals to launch XRP-based ETFs from both Grayscale and Canary. The changes to the products were made late last month, and the initial 45-day review period expires in early April.

By extending the deadline, regulators get additional time to assess risks in the markets as well as compliance issues. Many XRP enthusiasts had already expected a positive decision, especially given the impetus for altcoin ETFs, which promise new institutional inflows.

However, the commission’s insistence remains a reality. While a final green light could one day send XRP prices higher, the current delay is a setback that means traders will have to continue looking to spot markets. Some other altcoins and new token issuances may attract interest instead.

The Pi network has recovered well. Pi is up 20% to trade around $1.60, well below its all-time high of $2.98. The recovery consolidated support around $1.30-$1.40, likely driven by anticipation around Pi Day, an important event when users are expected to transfer mined coins to the main network.

According to experts, the momentum in the Pi ecosystem is also driven by speculation about a potential Binance listing. More than 87% of users who responded to a survey last month were in favor of Pi being listed on the exchange.

Binance has remained silent about such plans, and the listing has not been scheduled. The technical outlook suggests that Pi will break out from the 21-day EMA with immediate resistance around $1.75-$2.00. If volumes remain high, the cryptocurrency could attempt a strong breakout.