XRP News Today: XRP ETFs on Cusp of Approval: Institutional Adoption Gains Momentum

XRP, the digital asset issued by Ripple Labs, has seen a surge in demand as over 21,000 new wallets appeared within 48 hours, signaling renewed investor interest amid anticipation for the first U.S. spot XRP exchange-traded fund (ETF). The token's price, currently trading near $2.40, has faced recent volatility but remains in focus as institutional adoption and regulatory developments converge to shape its trajectory.

The XRP price has oscillated between key support and resistance levels, with traders closely watching the $2.40 threshold. If this level holds, it could trigger a short-term rebound, according to a recent FXStreet analysis. However, the broader crypto market's weakness—exacerbated by a $130 million Balancer DeFi hack and Bitcoin's consolidation below $108,000—has created a cautious environment, as reported by Coinotag.

The potential approval of XRP ETFs has emerged as a pivotal catalyst. Canary Capital and Franklin Templeton have both submitted filings that could fast-track their products to market. Canary's updated S-1 filing, which removed a clause allowing the SEC to delay effectiveness, sets the stage for automatic approval under Section 8(a) of the Securities Act of 1933. If no objections are raised, the ETF could launch as early as November 13, 2025, according to a LiveBitcoinNews report. Franklin Templeton's Franklin XRP Trust, which charges a 0.19% fee and will hold XRP in Coinbase Trust custody, is also nearing final regulatory clearance, as detailed in a CryptoTimes report.

Ripple's strategic moves have further bolstered market confidence. The company unlocked 1 billion XRP ($2.4 billion) in November from escrow accounts, a routine liquidity release aimed at stabilizing the market amid selling pressure, according to a Coinpedia report. Despite short-term volatility, Ripple CEO David Schwartz emphasized the XRP Ledger's (XRPL) utility as a fast, low-cost payment network, noting that XRP's value stems from its role in bridging cross-border transactions rather than speculative price action, as discussed in a Bitcoinist interview. The firm has also expanded Ripple Prime, its institutional services arm, and integrated XRP with its stablecoin RLUSD to enhance institutional adoption.

The ETF approvals come at a time of growing institutional interest in XRP. Franklin Templeton, one of the world's largest asset managers, has positioned the XRP Trust as a regulated, custodied vehicle for institutional investors, reflecting a broader shift toward blockchain-based financial products (as CryptoTimes noted). Meanwhile, Ripple's recent $500 million strategic investment underscores its commitment to expanding the XRP ecosystem, as reported by Yahoo Finance.

Market analysts remain divided on XRP's short-term outlook. While Bollinger Bands indicate a bearish bias below $2.47, with support at $2.26, others argue that a rebound above $2.70 could reignite bullish momentum, according to a U.Today report. Long-term projections, however, are more optimistic. Some traders anticipate XRP could reach $5 ahead of ETF approvals, driven by increased liquidity and on-chain activity, as outlined in a Coinpedia prediction.

The XRP ETF race mirrors the earlier success of Bitcoin and Ethereum ETFs, which have drawn billions in institutional inflows. If approved, XRP ETFs could provide a regulated, liquid avenue for investors to access Ripple's cross-border payment network, potentially boosting XRP's market capitalization and utility, as LiveBitcoinNews reported earlier.