Canary Capital, Bitwise, Franklin Templeton, and 21Shares filed amended S-1 registration statements for spot XRP exchange-traded funds, introducing standardized listing language designed to streamline SEC review under existing 8(a) procedures.
By Shaurya Malwa, CD Analytics
Updated Nov 10, 2025, 5:14 a.m. Published Nov 10, 2025, 5:14 a.m.

- XRP surged 6.2% to $2.40, breaking past the $2.35 resistance on high volume.
- Institutional interest in XRP grows as major firms file for spot XRP ETFs, potentially fast-tracking approval.
- Traders focus on XRP’s ability to maintain support at $2.39–$2.395, with ETF news driving near-term volatility.
XRP extended its breakout sequence Tuesday, surging 6.2% to $2.40 as institutional flows accelerated across major exchanges. The token broke decisively above the $2.35 resistance level on 169% above-average volume, marking its strongest single-session gain in over a week and establishing new cycle highs near $2.43 before consolidating.
- Canary Capital, Bitwise, Franklin Templeton, and 21Shares filed amended S-1 registration statements for spot XRP exchange-traded funds, introducing standardized listing language designed to streamline SEC review under existing 8(a) procedures.
- The five spot XRP ETFs have been listed on DTCC ahead of a potential US launch this month.
- Analysts view the coordinated filings as a potential fast-track toward automatic approval, echoing the regulatory momentum seen during the Bitcoin and Ether ETF approval cycles earlier this year.
- The filings reinforce institutional appetite for XRP exposure amid strengthening network fundamentals.
- XRP advanced from $2.26 to $2.40 through three distinct impulse waves, generating a $0.19 intraday range and confirming a clear ascending structure.
- The breakout triggered at midnight UTC as volume spiked to 119.6M tokens — 169% above the daily average — pushing price through $2.35 resistance and into new short-term highs around $2.43.
- A brief pullback to $2.395 tested support into the New York session, where buyers absorbed profit-taking pressure without disrupting the broader uptrend.
- Subsequent recovery attempts held above the 1-hour 50-EMA, validating strong structural support across multiple timeframes.
- The pattern of higher highs and higher lows confirms sustained bullish control. Momentum indicators remain constructive, with RSI holding near 64 and MACD maintaining positive divergence.
- TD Sequential models on the 4-hour chart signaled a potential continuation setup following the retracement, aligning with short-term accumulation behavior identified in whale-tier wallet flows.
- Whale transfers totaling 500,000 XRP over 48 hours introduced minor overhead pressure but did not disrupt accumulation zones. Consolidation between $2.39–$2.41 represents controlled profit-taking rather than distribution.
- Market focus now centers on XRP’s ability to hold the $2.39–$2.395 support band, which has acted as the pivot for every breakout extension since early November.
- Sustained closes above $2.40 would keep the path open toward $2.43 and the $2.50 extension target, while failure to defend $2.39 risks short-term retracement toward $2.34–$2.31.
- ETF headlines remain the primary near-term volatility driver. If one or more filings reach automatic approval without SEC objection, analysts expect a liquidity surge that could accelerate XRP’s advance into the $2.54–$2.80 zone, confirming continuation of the broader Q4 rally.
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