After the closing bell on Friday, XRP-linked ETFs XRPI and XRPR extended their advance in anticipation of a historic shift in digital-asset investing. NASDAQ:XRPI, tracking the XRP ETF, rose 6.72% to $15.08, while the REX Osprey XRP ETF (BATS:XRPR) climbed 7.19% to $21.02, both recording their strongest weekly performance in months. After-hours trading saw XRPI easing 1.19% to $14.90, signaling mild profit-taking before the next leg of accumulation. These moves come as Bitwise filed its final S-1 amendment with the SEC, potentially clearing the way for the first spot XRP ETF to begin trading as soon as November 13.
According to CryptoQuant, XRP reserves on exchanges fell 0.21% in the past 24 hours, marking a critical turning point ahead of ETF approval. The decline in available XRP supply coincides with renewed institutional buying, as funds shift assets off exchanges for long-term custody. Analysts interpret this as the start of a broader accumulation cycle, with traders positioning for the ETF’s debut.
The shrinking exchange reserves mirror similar pre-launch patterns observed before the approval of Bitcoin’s IBIT ETF and Ethereum’s ETHA fund, both of which triggered multi-week rallies. XRP-USD now trades around $2.51, down 0.15%, but the market’s reaction remains constructive as investors prepare for regulated exposure via XRPI and XRPR.
The key catalyst for XRP’s renewed momentum came Friday afternoon when Bitwise submitted its final S-1 amendment, described by analysts as the “last step” before approval. This move signals that SEC review is in its final phase, and trading could begin within 20 days. The filing also confirmed listing plans on the NYSE and detailed the fee structure, reinforcing operational readiness.
XRPI’s $15.08 close reflects investors’ growing confidence in imminent approval. Historically, ETFs nearing regulatory clearance tend to attract aggressive pre-listing bids from hedge funds and institutional desks seeking early exposure. VanEck’s Solana ETF and Canary Funds’ XRP application have also accelerated filings, creating a competitive race among issuers to secure first-mover advantage in the XRP ETF segment.
Ripple’s transformation from a “zombie chain” to a top-tier institutional network marks one of the most dramatic turnarounds in crypto. With its enterprise valuation approaching $30 billion, Ripple’s partnerships with global payment institutions have revived demand for XRP-based liquidity rails. Forbes’ recent removal of XRPL from its “zombie blockchain” list underscores this resurgence.
The REX Osprey XRP ETF (XRPR) has captured early inflows ahead of launch, closing at $21.02 with intraday highs of $21.06. Despite a 52-week range between $18.31 and $25.99, XRPR’s seven-percent daily gain hints at institutional front-running of the upcoming ETF debut. This surge reflects a shift from speculative trading toward regulated vehicles, aligning XRP with the broader ETF-driven structure now defining digital-asset investment.
The ETF wave led by Bitwise and VanEck represents the most significant structural expansion since the approval of Bitcoin’s spot ETFs. With Solana and Chainlink ETFs also advancing, investors are witnessing a rapid diversification of crypto exposure beyond the traditional BTC and ETH duopoly. The XRP filing is particularly symbolic because it reintroduces cross-border settlement assets into mainstream finance.
Analysts now expect ETF-driven inflows to reach $2–3 billion within the first month post-launch, based on historical parallels with Bitcoin’s $3.2 billion debut inflows in early 2024. If that trajectory holds, XRP could surpass $3.00 in the short term, positioning both XRPI and XRPR as liquidity leaders among the new generation of crypto ETFs.
From a technical standpoint, XRP-USD is consolidating near $2.50 support, with momentum indicators flashing early breakout potential. The 14-day RSI sits at 56, signaling balanced momentum with room for upside expansion. A daily close above $2.70 could trigger a short squeeze, paving the way for a target range of $3.10–$3.50 ahead of the ETF listing.
XRPI shows near-term resistance at $15.50, while XRPR faces a breakout zone at $21.40. Both funds have attracted steady pre-market volume, confirming growing speculative positioning by institutions anticipating the November 13 ETF launch window.
Beyond ETF excitement, Ripple’s technology continues to tackle real-world financial inefficiencies. In Europe, Axiology’s regulated blockchain project on XRPL aims to address a $5 trillion liquidity gap in cross-border settlement. This move reinforces XRP’s dual role as a payment utility asset and an institutional liquidity bridge, giving further credibility to its inclusion in regulated ETF portfolios.
With the European Union exploring tokenized infrastructure, Ripple’s established compliance record positions it favorably against unregulated alternatives. Institutional investors increasingly view XRP’s ledger technology as a payment infrastructure layer, not just a speculative token—further supporting the investment case for XRPI and XRPR ETFs.
The race between Bitwise, VanEck, and Canary Funds to secure ETF listings is reshaping the digital-asset landscape. VanEck’s Solana staking ETF, which integrates on-chain yield, highlights how issuers are innovating beyond basic exposure. The same model could eventually extend to yield-bearing XRP ETFs, adding a new income component for institutions once staking mechanisms are approved under regulatory frameworks.
This innovation cycle underscores how XRP’s entry into the ETF market is not merely symbolic—it is structural. The arrival of XRPI and XRPR will likely catalyze the altcoin season, as institutional allocators gain regulated channels to diversify portfolios beyond Bitcoin and Ethereum.
Based on current market data, technical patterns, and institutional flows, both XRPI (NASDAQ:XRPI) and XRPR (BATS:XRPR) appear in strong accumulation zones. The final Bitwise S-1 amendment signals imminent ETF approval, while Ripple’s improving fundamentals and declining exchange reserves strengthen the bullish case.
XRPI (XRP ETF): Buy – Price $15.08, short-term target $17.80, long-term $22.50
XRPR (REX Osprey XRP ETF): Buy – Price $21.02, short-term $23.50, long-term $28.00
XRP-USD: Buy – Price $2.51, short-term $3.10, mid-term $3.50–$4.00
With institutional money rotating toward regulated crypto exposure and Ripple’s valuation nearing $30 billion, the XRP ecosystem is on the verge of its most transformative phase since inception. The coming ETF debut window around November 13 could redefine altcoin market structure—anchored by XRPI, XRPR, and the institutional embrace of XRP as a core digital settlement asset
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