XRP trades at $2.50 after recording a 0.5% gain in the past 24 hours. The cryptocurrency has climbed more than 400% in 2025 but faces a 16% decline over the last 30 days.
Bitwise recently updated its XRP ETF filing with the US Securities and Exchange Commission. The asset management firm included key details in Amendment #4, such as the New York Stock Exchange as the listing venue and a management fee of 0.34%.
The filing removed the “delaying effective amendment” clause. This change allows the ETF to become auto-effective and launch without additional regulatory hurdles.
Bloomberg analyst Eric Balchunas confirmed that these updates represent the final steps before a potential launch. The auto-effective filing could speed up the approval process.
Bitwise just updated their XRP ETF filing to include exchange (NYSE) and fee of 0.34%, which are typically the last boxes to check. Amendment #4. pic.twitter.com/BUnkasSQY5
— Eric Balchunas (@EricBalchunas) October 31, 2025
Canary Capital also updated its S-1 filing for a Spot Ripple ETF. The company removed the delaying amendment clause from its filing as well.
Nasdaq must still approve the 8-A filing for Canary’s ETF. If approved, the fund could launch on November 13.
XRP price has moved between $2.49 and $2.55 over the past day. Trading volume dropped 29% to $3.81 billion, showing reduced market activity.
The muted price movement comes despite growing optimism around ETF approvals. The weekly chart shows XRP down 1.2%.
Analyst Ali Martinez warned that XRP could revisit the $2 level before rebounding. Other analysts see different outcomes for the cryptocurrency.
$XRP could find support at $2. pic.twitter.com/WKIqhITosA
— Ali (@ali_charts) October 31, 2025
Analyst CryptoBull identified a “cup and handle” pattern on XRP’s monthly chart. This technical formation suggests XRP could reach $5 or higher.
Ripple is pursuing a national bank charter in the United States. The regulatory issues that once affected the company have cleared.
Ripple acquired a stablecoin payment firm for $200 million. The company’s banking charter application suggests a focus on stablecoin development.
RippleNet operates without requiring banks to use XRP. On-Demand Liquidity incorporates XRP as a bridge asset but remains a niche solution.
Larger banks have not widely adopted ODL. This limits the impact on XRP demand from institutional adoption.
Ripple’s stablecoin RLUSD could become the preferred bridge asset in ODL transactions. This would reduce the role XRP plays in cross-border payments.
The banking charter would add legitimacy to Ripple in the eyes of investors. However, the long-term impact on XRP demand remains uncertain.
XRP currently sits near the $2.50 support level with both ETF filings removing key regulatory delays.
📈 Futures & Crypto Trader 🔍 Sharing charts, strategies, & mindset tips to help you level up 🚨 Not Financial Advice Follow on X @Pro_Trader_Edge
TLDR XRP has surged over 400% in 2025 but faces questions about long-term sustainability as…
Never Miss Another Opportunity.
Get hand selected news & info from our Crypto Experts so you can make educated, informed decisions that directly affect your crypto profits!
Type above and press Enter to search. Press Esc to cancel.
BC Game Crypto: 100% Bonus & 400 Free Casino Spins, Claim Here!