XRP News Today: XRP ETF Surge and SEC Countdown Drive Institutional Bullishness

XRP's price hovered near $2.64 on Friday, buoyed by growing institutional interest in the token and a surge in demand for XRP-based exchange-traded funds (ETFs) as investors speculate on potential regulatory approvals. The cryptocurrency, which has risen 26% year to date according to a Coindesk report, gained 2.2% in 24 hours, with bulls eyeing a $3 breakout amid a wave of bullish technical indicators and strategic developments from Ripple, according to a crypto.news analysis.

The Teucrium 2x Long Daily XRP ETF (XXRP) became a focal point, closing its regular session at $22.90, up 7.06% on the day despite a 15.03% year-to-date decline, according to Coindesk. Meanwhile, the newly launched REX-Ospey XRP ETF amassed over $100 million in assets within its first month, while the Teucrium Leveraged XRP ETF surpassed $366 million in holdings, per crypto.news. These inflows, coupled with a 88% rebound from XRP's monthly low of $1.3790, underscored institutional confidence in the asset.

Regulatory momentum also accelerated. Ripple's Q3 2025 report revealed seven U.S. spot XRP ETF applications pending SEC approval, with decisions expected between October 18 and November 14, as detailed in Ripple's Q3 report. Prediction market Polymarket priced the likelihood of approval at over 99%, fueled by the SEC's recent shift in guidance that enabled filings for Solana, Litecoin, and Hedera. Bloomberg analyst Eric Balchunas noted XRP could be "next in line" for approval, citing the SEC's subtle reinterpretation of regulatory standards.

Technical analysis further stoked optimism. XRP's price chart showed a critical support level at $2.32 and a resistance at $2.77, according to TradingView, while CME XRP futures open interest surged to $9.9 billion—the highest since September, per crypto.news. On-chain data highlighted robust trading volumes, with $4.39 billion in open interest on October 26, reflecting heightened retail and institutional participation, the crypto.news piece added.

Beyond price action, Ripple's ecosystem developments added momentum. The XRP Ledger's proposed "Batch" amendment (XLS-56), now at 68.57% validator consensus, could revolutionize NFT trading by enabling atomic swaps of multiple tokens in a single transaction, noted in a Yahoo Finance piece. This innovation, coupled with the Ripple USD (RLUSD) stablecoin nearing $1 billion in assets, positioned XRP as a key player in decentralized finance infrastructure, according to crypto.news.

Geopolitical factors also played a role. A U.S.-China trade breakthrough lifted risk appetite, sending Bitcoin above $113,000 and propelling XRP to $2.64, as reported in a Coinpedia report. Meanwhile, India's Madras High Court recognized XRP as "property," shielding holders from forced loss-sharing schemes in a U.Today report, while China's anti-crypto stance intensified, warning of stablecoin risks to monetary sovereignty, U.Today also noted.

Despite the bullish backdrop, challenges remain. The Teucrium Leveraged ETF's structure—designed for daily 2x exposure—carries risks from compounding and volatility, Coindesk warned. Additionally, Mt. Gox's delayed Bitcoin repayments, now pushed to 2026, kept $15 billion in crypto frozen, mitigating near-term selling pressure, U.Today reported.

With the SEC's final decision looming and technical indicators aligning, XRP's path to $3 appears increasingly viable. However, sustained momentum will depend on regulatory clarity, institutional adoption, and the broader market's ability to absorb potential ETF inflows.