XRP News Today: XRP ETFs and Silver Influx Mark New Era of Blurred Asset Boundaries

XRP's price has surged over 10% in the past week, driven by mounting anticipation for the first-ever XRP spot ETF, which could launch as soon as this week. The token traded at $2.43 as of November 12, with a market capitalization of $146.5 billion, outperforming Bitcoin and Ethereum in short-term gains. The catalyst for the rally appears to be regulatory progress: Canary Capital filed Form 8-A for its XRP ETF, the final step before listing, suggesting a potential launch by Thursday, according to Bloomberg Senior ETF analyst Eric Balchunas. The DTCC now lists 11 XRP ETF products, hinting at multiple imminent launches.

Market dynamics further underscore speculative fervor. Open interest in XRP derivatives hit $4.11 billion, the highest since early November, while per Coinglass data, $10.7 million in liquidations were recorded in the last 24 hours. Analysts note patterns of liquidity grabs and failed breakouts in XRP's price action, with traders eyeing untapped lows as the next potential target. Meanwhile, broader crypto market sentiment has improved, supported by a resurgence in Bitcoin ETF inflows. US-listed BTC ETFs saw $523 million in inflows on November 12, building on $1.15 billion the prior day.

The XRP rally has also drawn macroeconomic tailwinds. President Donald Trump's proposal for a $2,000 "tariff dividend" has spurred liquidity narratives, with traders front-running potential policy shifts. The U.S. Senate's vote to avert a government shutdown has eased broader economic concerns, bolstering risk-on sentiment. Regulatory clarity has further reinforced optimism: A 2024 court ruling classified XRP as a commodity, not a security, aligning with Trump-era crypto-friendly policies.

While XRP dominates headlines, institutional investors are also making moves in traditional assets. First Majestic Silver Corp. (AG), a major silver producer, has seen significant institutional buying. Jupiter Asset Management increased its stake to 1.85% of the company, valued at $74.54 million, while Connor Clark & Lunn Investment Management boosted its holdings by 15.9%. AG's stock traded near $11.95, with a market capitalization of $5.86 billion, as analysts upgraded their ratings to "Moderate Buy" amid improved metals market conditions. The company also raised its quarterly dividend to $0.0052, signaling confidence in its financial resilience.

The convergence of crypto and traditional assets highlights a broader trend: real-world assets (RWAs) are gaining traction as bridges between digital and conventional markets. Ripple's XRP-powered blockchain services and AG's physical commodity exposure exemplify this shift. As XRP ETFs inch closer to approval, and institutional capital flows into silver and other RWAs, the lines between asset classes continue to blur.