XRP News Today: Legal Clarity and ETF Momentum Signal XRP's Institutional Takeoff

The cryptocurrency market is undergoing a significant transformation as XRP, the native token of Ripple, gains momentum ahead of a potential ETF launch wave. Five spot XRP exchange-traded funds from major firms including Franklin Templeton, Bitwise, Canary Capital, 21Shares, and CoinShares have now been listed on the Depository Trust and Clearing Corporation (DTCC), signaling a potential U.S. debut later this month, according to a TradingView briefing. This surge in institutional interest is further bolstered by Ripple's recent legal victory, which has provided "absolute legal clarity" for XRP and the XRP Ledger ecosystem, according to Ripple Chief Legal Officer Stuart Alderoty, as reported in a TimesTabloid article.

The resolution of the long-standing SEC lawsuit has shifted the regulatory landscape, with Alderoty noting a broader policy shift from a "war on crypto" to a push for the U.S. to become a crypto capital, per the TimesTabloid report.

The race to launch the first U.S.-listed XRP ETF is intensifying. 21Shares has initiated a 20-day SEC review window for its TOXR ETF, while Canary Capital has removed the "delaying amendment" from its XRPC filing, potentially allowing a launch as early as November 13, according to a Coinrise report. Franklin Templeton's XRP ETF has also been listed on DTCC, indicating it is close to market readiness. WisdomTree's proposed Physical CoinDesk 20 Spot ETF, which allocates 20% to XRP, further underscores growing institutional confidence in the asset, as noted in the Coinrise piece. Analysts like Nate Geraci predict that multiple XRP ETFs could launch soon, potentially driving the token's price upward. At press time, XRP traded at $2.29, up 5.95% in 24 hours, as reported by Coinrise.

Institutional activity extends beyond ETFs. Evernorth Holdings, a Ripple-backed firm, recently executed a major internal transfer of 126,791,448 XRP (valued at $280 million) between wallets secured via BitGo custody services, per a TimesTabloid report. While analysts caution that large transfers often reflect internal restructuring rather than market action, the move has sparked speculation about Evernorth's treasury strategy and its potential public listing ambitions. The company now controls approximately 473 million XRP tokens, reinforcing its role in the XRP ecosystem, per the TimesTabloid coverage.

Meanwhile, the U.S. Treasury has issued new guidance for crypto ETF staking, preserving the commodity-style tax model while mandating transparent reporting on staking yields and risks, according to a Crypto.News report. This update could enable retail investors to access staking returns through ETFs without direct on-chain participation, potentially enhancing the competitiveness of U.S. crypto products. Firms like BlackRock and Fidelity are expected to amend Ethereum ETF prospectuses to include staking features, with similar moves anticipated for Solana-based products, per the Crypto.News piece.

Market fundamentals also show promise. Ripple's stablecoin, RLUSD, has surged to $1 billion in assets and $4 billion in 30-day transaction volume, driven by recent acquisitions and partnerships, as reported in the TimesTabloid article. However, XRP's price remains volatile, with technical indicators showing both bearish (death cross) and bullish (double-bottom) signals. Analysts at Bayberry Capital argue XRP remains undervalued, citing its real-world utility and growing institutional adoption, as mentioned in the Coinrise report.

As the crypto season heats up, XRP's ecosystem is poised for a pivotal phase. Legal clarity, ETF launches, and institutional activity are converging to create a favorable environment for the token. Yet, market participants remain cautious, balancing optimism with the inherent volatility of the sector.