XRP News Today: XRP Broke Above $2.50, Bullish Momentum Before Canary Capital ETF Debut?

Key Takeaways

• XRP has broken its $2.50 resistance level in the earlier session and is trading at $2.52, with a 2.35% increase in the last 24 hours. 
• Experts analyze that XRP breaks its key resistance because of the uplift in market sentiment from the ETF optimism and U.S. legislative progress.
• Traders and investors are eyeing a breakout above $3 psychological point for the first time this month. 
• Canary Capital’s XRP-spot ETF might be launched this week, and the government reopening after 40 days could trigger a positive XRP rally.
• Recently, 11 XRP ETF products were listed on the Depository Trust and Clearing Corporation (DTCC), catalyzing XRP’s bullish momentum in the market.     

XRP, the official cryptocurrency of Ripple, is exhibiting positive momentum in the crypto market and is trading above its $2.50 resistance level with a 2.35% increase in the last 24 hours. According to the latest market analytics, the XRP price has surged by around 12% before reaching $2.56 yesterday. Currently, XRP is hovering at $2.53-$2.54, with renewed market optimism primarily fueled by U.S. macroeconomic news and the ETF launch update. The overall cryptocurrency market is heating up, and Bitcoin, the largest cryptocurrency by market capitalization, has crossed $107,000 today and currently trades steadily closer to $106K.

Ripple’s current valuation is $40 billion, and a large number of institutions are resuming purchases, indicating a renewed interest in the fourth-largest cryptocurrency by market capitalization. The latest market analytics suggests that XRP’s current support is at $2.00 and its resistance is at $2.60. Traders are now eyeing XRP hitting the $3.00 psychological level for the first time in November and expecting it to reach $6 once the spot ETFs are officially launched. DTCC has listed all five proposed spot XRP ETF funds, and firms like Bitwise, Franklin Templeton, 21Shares, Canary, and CoinShares have now appeared on the DTCC list, catalyzing XRP’s bullish momentum in the cryptocurrency market.

XRP expert Skipper posted on X that XRP had surged 12% as investors had withdrawn $556 million worth of tokens from exchanges, signaling strong accumulation and confidence. He mentioned that holding $2.52 as support could push XRP toward $2.64 and $2.75, but failure risked a dip back to $2.36. 

Canary Capital XRP ETF Launch to Make an Impact on XRP Price Rally!

Canary Capital’s spot XRP ETF is all set to launch on November 13, 2025. Currently, Canary Capital has cleared SEC delays and could make its debut this week, marking one of the biggest moments of XRP’s history. Along with Canary Capital, Franklin Templeton, Bitwise, 21Shares, and CoinShares are all waiting to be launched and are expected to roll out in late November. The experts suggest that these launches would trigger institutional inflows and real-world tokenization narratives.

The U.S government has passed legislation to end the government shutdown on November 9, and this could drive demand for risk assets like XRP, and the SEC being back to its fully operational ability would also make a big difference in the cryptocurrency sector. The expected government could be at the end of this week, and this means that the regulating agency will operate with a limited staff till the end of this week. The experts believe that a short-staffed SEC will not obstruct Canary Capital’s spot ETF launch and is unlikely to question its amended S-1 for its XRP-spot ETF. 

aixrp, a quantitative analyst of XRP, tweeted that XRP’s price had surged 7% after nine ETFs had appeared on the DTCC listings, creating a buzz. He noted that the hype was driven by ETF speculation and positive Senate developments. He mentioned that Ripple was diving deep into traditional finance, spending almost $4 billion that year to snap up financial infrastructure companies. They were blending crypto with conventional banking, and XRP trading volumes were climbing. He added that strategic deals were on the rise and that Ripple’s moves were catching serious attention.

The experts and market analysts believe that the Canary capital spot ETF launch will have a major positive impact on the XRP price rally, and the ETF launch after clearing the SEC delays and removing a “delaying amendment” in its filing, will push XRP beyond its key resistance levels and probably take it above the $5 price point. The ETF launch optimism has already triggered institutional interest, improved trading volume spikes, and new wallet creations.