XRP News Today: XRP's $10 Hurdle: ETF Hopes Clash with Solana and Regulatory Uncertainty

Ripple's XRP is surging toward a potential breakout as regulatory and institutional developments accelerate. A new LiveBitcoinNews report dubs XRP a "$180 billion empire," highlighting the token's resurgence amid speculation that U.S. spot exchange-traded fund (ETF) approvals could catalyze a price rally to $10 or higher in 2025. This optimism is fueled by a confluence of factors: record inflows into XRP-related products, a growing institutional treasury strategy, and a competitive landscape where XRP is positioning itself as a superior alternative to emerging rivals like Solana.

Ripple-backed firm Evernorth Holdings has emerged as a key player, accumulating $1 billion in XRP tokens to create an institutional-grade treasury. The company, led by former Ripple executive Asheesh Birla, plans to list a publicly traded XRP treasury vehicle on Nasdaq under the ticker XRPN, mirroring gold-backed ETF structures, according to a FinanceFeeds report. This move, coupled with $84.3 million in weekly inflows into XRP products as of late October, per a Coinotag report, underscores growing institutional confidence. Evernorth's holdings—388.7 million XRP tokens—have already generated an unrealized profit of $85.5 million as the token trades near $2.66, per Yahoo Finance.

XRP's market fundamentals are strengthening. The token's market capitalization hit $157.19 billion as of late October, with 24-hour trade volume at $4.91 billion. Analysts link its next major price move to ETF approvals, which could unlock billions in institutional capital. Seven U.S. spot XRP ETF applications are pending, with SEC decisions expected by November 14, according to a Benzinga report. Polymarket odds show a 99% probability of approval by year-end, per a Coinpedia report, while JPMorgan projects $4–$8 billion in initial inflows.

The recent Solana ETF debut, which generated $56 million in first-day trading, has intensified competition, according to TradingView coverage. However, XRP's real-world utility—$364 million in tokenized real-world assets on the XRP Ledger (XRPL) and Ripple's established cross-border payment network—gives it an edge, according to Coinotag analysts. RippleX's Luke Judges dubbed XRP "the king" in a social media post, contrasting it with Solana's recent partnership with Western Union for a stablecoin.

Ripple's escrow system, which releases 1 billion XRP monthly from a 35 billion-token reserve, remains a focal point. CTO David Schwartz recently clarified that Ripple can sell rights to escrowed tokens, potentially influencing market supply dynamics. Meanwhile, projects like Remittix (RTX) and Digitap (TAP) are gaining traction as "XRP 2.0" contenders. Remittix, with $27.7 million in private funding and a real-world use case for crypto-to-fiat transfers, and Digitap, which aims to streamline cross-border payments via Visa-backed cards, highlight the ecosystem's innovation, per a Crypto.news deep dive.

Despite the bullish momentum, risks persist. XRP's TD Sequential indicator recently flashed a sell signal near $2.80, and some analysts warn of a potential dip to $1.35–$1.46 before a rebound. Additionally, the SEC's delayed ETF decisions—stalled by the government shutdown—remain a wildcard.

XRP's trajectory hinges on regulatory clarity and institutional adoption. With Evernorth's Nasdaq listing, pending ETF approvals, and a robust market cap, the token is well-positioned to capitalize on 2025's crypto rally. However, competition from Solana and emerging projects like Digitap, along with regulatory uncertainties, will shape its path forward.