What to Know:
- XRP surged nearly 10.4% as $30B flowed back into crypto markets.
- Whales bought 190M XRP ($500M+), signaling strong institutional interest.
- Six major XRP ETF filings could unlock billions in new investment inflows.
XRP price made a strong comeback today, climbing nearly 10.4% as it bounced back from a rough run over the past weeks. After suffering double-digit losses over 7 and 30 days, the token caught fire again helped by renewed institutional buying, macro tailwinds, and growing hope around XRP ETFs.
What Fueled the Rally
The recovery came after reports that trade tensions between the U.S. and China were easing, which made people feel better about digital assets. The macro relief helped Bitcoin, Ethereum, and other altcoins, like Ripple, go up.
Institutions were interested again. On-chain data shows that whales have added about 190 million XRP (worth more than $500 million) since early October, changing a trend of distribution into accumulation that had been going on for weeks. This move shows that people are sure that current levels are good for long-term positioning.
Another reason is that people are starting to expect spot XRP ETFs more and more. Several companies have either filed proposals for ETFs or are getting ready to do so. Some trackers show that over six XRP ETFs are in the works. If approved, XRP would be open to new types of investors because it would allow more regulated inflows. Some experts go even further and say that once approvals go through, ETFs could bring in between $3 and $8 billion into XRP.
Price Moves & Technical Reading
After the rebound, XRP’s price jumped from roughly $2.37 to $2.58, recovering about $30 billion in market value in one session. Volume also shot up, which shows that there was a lot of demand behind the move.
From a chart point of view, XRP is carving an ascending channel between $2.37 and $2.59. If it can close above the upper boundary consistently, the next target zone lies near $2.70–$2.75, with bulls eyeing $3.00+ if momentum holds. But if support breaks below $2.50, there’s risk of slipping back toward $2.30 or lower. Still, the rebound shows that markets see renewed life in XRP after the sharp crash earlier. At the time of writing this XRP is trading at $2.62.
The XRP ETFs Speculation
Multiple firms have already filed or amended registration documents for the XRP Spot ETFs Launch. Among them: 21Shares, Grayscale, Bitwise, Franklin Templeton, WisdomTree, and Canary Capital.
21Shares, for instance, is seeking to tie its ETF to the CME’s official XRP price index, using cold storage custody via Coinbase. Recent regulatory shifts may help speed approvals. The U.S. SEC has introduced “generic listing” rules for crypto ETFs, meaning some spot funds may be listed faster with less back-and-forth review.
Still, there is risk. The U.S. government shutdown has hampered the SEC’s capacity, delaying decisions. Some ETF issuers have been asked to withdraw older filings (19b-4) to refile under new standards.
Some filings are even exploring yield strategies, such as using covered calls, to make the ETFs more appealing. Opinion from experts is growing bullish. Nate Geraci recently said the approvals are “getting close” as more amendment filings come in. Still, delays loom. Franklin Templeton had its review extended into November, likely because of staffing issues at the SEC.
Bottom Line
XRP’s nearly 10% upswing shows the market is buying back in, especially around the $2.60 range. Institutional accumulation, macro relief, and ETF optimism all played parts. But even though the bounce was strong, the upside may be limited unless XRP can break through $2.70 and keep going. If it holds above $2.70 this week, many will see this as confirmation of a bullish reversal. If not, profit-taking or renewed weakness could drag it lower. Watch closely the SEC’s next moves, Bitcoin’s resilience, and whether institutional flows keep pouring in XRP’s next leg depends heavily on those signals.
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