Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
XRP News Update: XRP ETFs Near Approval as Institutional Interest Accelerates

XRP News Update: XRP ETFs Near Approval as Institutional Interest Accelerates

Bitget-RWA2025/11/07 02:34
By:Bitget-RWA

- XRP's 21,000 new wallets and $2.40 price level highlight renewed investor interest amid pending U.S. ETF approvals. - Canary Capital and Franklin Templeton's ETF filings could trigger automatic approval by November 2025, offering institutional access to XRP . - Ripple's $2.4B XRP liquidity release and expanded institutional services aim to stabilize markets and boost adoption. - Analysts predict short-term volatility between $2.26-$2.70 but long-term optimism as XRP ETFs mirror Bitcoin/Ethereum's institu

XRP, the cryptocurrency developed by Ripple Labs, has experienced a notable increase in demand, with more than 21,000 new wallets created in just two days. This surge reflects a renewed wave of investor enthusiasm, fueled by expectations surrounding the launch of the first U.S. spot

exchange-traded fund (ETF). Despite recent price swings, the token is currently valued around $2.40 and remains under the spotlight as institutional interest and regulatory changes continue to influence its direction.

XRP's value has fluctuated between significant support and resistance points, with the $2.40 mark being closely monitored by traders. Should this level be maintained, analysts suggest a short-term recovery could follow, according to a recent

. However, the overall weakness in the crypto sector—intensified by a $130 million DeFi breach and Bitcoin's ongoing consolidation below $108,000—has led to a more cautious market sentiment, as highlighted by .

XRP News Update: XRP ETFs Near Approval as Institutional Interest Accelerates image 0
The possibility of XRP ETF approvals has become a major driving force. Both Canary Capital and Franklin Templeton have submitted proposals that could expedite their ETFs to the market. Canary's revised S-1 document, which eliminated a provision allowing the SEC to postpone approval, paves the way for automatic authorization under Section 8(a) of the Securities Act of 1933. If there are no objections, the ETF could debut as soon as November 13, 2025, according to a . Franklin Templeton's Franklin XRP Trust, which features a 0.19% management fee and will store XRP with Coinbase Trust, is also approaching final regulatory approval, as detailed in a .

Ripple's recent initiatives have further strengthened market sentiment. In November, the company released 1 billion XRP (worth $2.4 billion) from escrow accounts, a routine liquidity measure intended to help stabilize prices during periods of selling, according to a

. Despite ongoing price fluctuations, Ripple CEO David Schwartz highlighted the XRP Ledger's (XRPL) effectiveness as a fast and affordable payment system, emphasizing that XRP's true value lies in its function as a bridge for international payments, rather than speculative trading, as discussed in a . The company has also expanded Ripple Prime, its institutional service division, and integrated XRP with its RLUSD stablecoin to further encourage institutional use.

The move toward ETF approvals coincides with rising institutional interest in XRP. Franklin Templeton, a leading global asset manager, has structured the XRP Trust as a regulated, securely held investment vehicle for institutions, signaling a broader trend toward blockchain-based financial solutions (as noted by CryptoTimes). At the same time, Ripple's recent $500 million strategic investment highlights its dedication to growing the XRP ecosystem, as reported by

.

Opinions among market experts are mixed regarding XRP's near-term prospects. While Bollinger Bands suggest a bearish outlook below $2.47, with support at $2.26, some analysts believe that a move above $2.70 could spark renewed bullish sentiment, according to a

. Looking further ahead, forecasts are more positive. Certain traders predict that XRP could climb to $5 before ETF approvals, driven by increased liquidity and heightened on-chain activity, as described in a .

The competition to launch an XRP ETF is reminiscent of the earlier success seen with

and ETFs, which have attracted significant institutional capital. Should XRP ETFs receive approval, they could offer investors a regulated and liquid way to participate in Ripple's cross-border payment infrastructure, potentially increasing both the market value and practical use of XRP, as previously reported by LiveBitcoinNews.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin News Update: Bitcoin Drops Under $100K Amid Diverging Analyst Opinions on Market Direction

- Bitcoin dropped below $100,000 on Nov. 7, driven by macroeconomic risks and $2B+ ETF outflows amid U.S.-China tensions and Fed inaction. - Analysts highlight $113,000 as critical resistance and $100,000 as key support, with breakdowns risking $88,000 liquidation levels. - Institutional views diverge: Ark Invest cut targets to $120,000 while JPMorgan raised fair value to $170,000 amid shifting adoption narratives. - Market eyes December's "Santa Rally" potential but recovery hinges on Bitcoin holding abov

Bitget-RWA2025/11/07 11:38
Bitcoin News Update: Bitcoin Drops Under $100K Amid Diverging Analyst Opinions on Market Direction

Bitget Connects Speculation and Risk Control through STABLEUSDT Futures

- Bitget launched STABLEUSDT pre-market futures with 25x leverage, offering 24/7 trading since Nov 6, 2025. - The contract features 4-hour funding settlements and 0.00001 tick size to enable flexible positioning. - As the world's largest UEX, Bitget aims to boost market depth for emerging tokens through strategic liquidity initiatives. - Partnerships with LALIGA/MotoGP and a $2M loan program highlight its mission to democratize crypto access. - Risk warnings emphasize volatility concerns for leveraged prod

Bitget-RWA2025/11/07 11:20

Token Unlock Releases and Large Holder Sell-Offs Drive Ethena's 80% Value Decline

- Ethena's ENA token dropped 80% to $0.31 amid massive unlocks and whale selling, with 45.4% of tokens released in November. - Robinhood listing and Binance's USDe buyback program offer limited support as 6.8B tokens circulate and 5.99B remain locked until 2026. - USDe's $8.9B TVL and multi-chain expansion highlight potential, but technical indicators signal a possible 37% further price decline. - Analysts warn ongoing unlocks, whale activity, and crypto market volatility could prolong ENA's bearish trend

Bitget-RWA2025/11/07 11:20
Token Unlock Releases and Large Holder Sell-Offs Drive Ethena's 80% Value Decline

Web3 Rewards Program Fuels Surge in TWT and 1INCH

- Trust Wallet's TWT and 1INCH tokens gain momentum as Trust Premium loyalty program boosts user engagement and on-chain activity surges. - TWT trading volume rises to $32.98M while 1INCH hits $110.86M weekly volume, supported by technical indicators and ecosystem integrations. - TWT stabilizes above $1 with key resistance at $1.2935, while 1INCH tests $0.2330 level amid bullish MACD and RSI signals. - Trust Premium's tiered rewards and 1inch integration create flywheel effects, linking user activity direc

Bitget-RWA2025/11/07 11:02
Web3 Rewards Program Fuels Surge in TWT and 1INCH