XRP Price Outlook | Can ETF Launches Push Ripple Toward $2.5?

What to Know

• XRP remains under short-term bearish pressure but holds a bullish medium-term outlook.
• Several XRP-spot ETFs are expected to launch in November, led by Canary Capital and Bitwise.
• Ripple’s expansion through Evernorth and Ripple Prime strengthens XRP’s institutional use case.
• The U.S. Market Structure Bill and government shutdown remain key catalysts for XRP’s next direction.
• Traders eye the $2.5 resistance level as the next breakout zone if ETF demand surges.

XRP struggled to hold momentum on Saturday, November 8, falling under renewed selling pressure as the ongoing U.S. government shutdown continued to dampen investor confidence. Broader market weakness — triggered by Bitcoin ETF outflows on Friday — kept sentiment cautious across crypto markets.

Despite the downside, optimism is building around XRP’s long-term prospects. Traders are watching closely as the long-awaited XRP-spot ETFs move closer to launch, a development that could shift market dynamics and attract institutional investors in a way not seen since Bitcoin’s ETF approval.

XRP-Spot ETFs Near the Starting Line

Several issuers — including 21Shares, Bitwise, Canary Capital, and Franklin Templeton — have submitted amended S-1 filings for their XRP-spot ETFs, removing previous delay clauses. These updates trigger a 20-day review period, signaling that the first ETFs could debut before the end of November.

Market analysts believe Canary Capital’s XRP ETF may be first out of the gate, potentially launching on Thursday, November 13. Traders will be paying close attention to early institutional inflows, which could determine whether XRP breaks its recent slump. Strong demand could quickly send prices toward the October 10 peak near $2.84.

ETF Market Trends: Bitcoin and Ethereum Outflows

Across the ETF landscape, Bitcoin and Ethereum spot funds have recently seen outflows, reflecting risk-off sentiment as traders await macro clarity. In contrast, Solana (SOL) ETFs attracted over $136 million in net inflows during the week ending November 7 — though even that wasn’t enough to stop SOL from sliding more than 16%. XRP, meanwhile, has declined roughly 10% over the same period.

Such expectations underscore growing confidence that XRP could become the next major institutional magnet following Bitcoin’s ETF-driven rally earlier this year.

Ripple’s Expanding Ecosystem: Evernorth and Ripple Prime

Ripple’s ongoing expansion also continues to support investor sentiment. Two key initiatives — Evernorth, a new entity expected to accumulate over $1 billion in XRP reserves, and Ripple Prime, a multi-asset prime brokerage platform — are designed to deepen XRP’s role in institutional finance.

Ripple’s recent acquisitions, including GTreasury, Rail, and Metaco, reinforce its strategy of building a global payments ecosystem centered around the XRP Ledger (XRPL). 

Regulation: Waiting on the Market Structure Bill

Beyond ETF launches, crypto legislation in the U.S. remains a defining factor for market direction. XRP surged in July after the House of Representatives passed the Market Structure Bill, but progress has since slowed in the Senate due to the ongoing government shutdown.

Journalist Eleanor Terrett reported that a bipartisan markup could be ready soon, but a Senate vote may still be delayed. The bill’s progress is widely viewed as a potential catalyst for renewed institutional confidence if passed before year-end.

XRP Technical Analysis: Key Levels to Watch

XRP dropped 1.21% on November 8, partially giving back Friday’s 4.59% gain to close at $2.2871. The token remains under both its 50-day and 200-day Exponential Moving Averages, maintaining a short-term bearish setup.

Important technical zones to monitor:

• Support: $2.2, $2.0, $1.9
• Resistance: $2.35, $2.5, $2.62, $2.8, $3.0, $3.66
• EMA Resistance: 50-day at $2.56, 200-day at $2.58

If XRP loses support at $2.2, bears could target the $2 psychological level or even the June 2025 low near $1.91. A move below that would confirm extended downside momentum.

Conversely, a sustained push above $2.35 could trigger a rebound toward $2.5, with a breakout beyond both EMAs potentially opening the door to $2.62 and beyond.

Bearish Scenarios

• Further delays in ETF approvals
• Ongoing U.S. political gridlock
• Lack of adoption among corporate treasuries
• Regulatory uncertainty slowing Ripple’s U.S. banking license

Bullish Scenarios

• Senate passes the Market Structure Bill
• Successful ETF launches and strong inflows
• Ripple gains its U.S. banking license
• Increased use of XRP in corporate reserves and cross-border settlement

Outlook: Medium-Term Trend Still Points Higher

While short-term momentum remains bearish, the medium-term narrative for XRP is turning increasingly positive. Institutional adoption, upcoming ETF approvals, and Ripple’s expanding infrastructure could set the stage for renewed price growth heading into 2025.

For now, all eyes remain on Washington and the ETF approval window — two catalysts that could determine whether XRP continues to track Bitcoin or finally starts to carve its own institutional path.

XRP Frequently Asked Questions (Q&A)

Why is XRP under pressure right now?

XRP is facing selling pressure due to broader crypto market weakness, ETF outflows from Bitcoin and Ethereum funds, and uncertainty over the U.S. government shutdown.

When are XRP-spot ETFs expected to launch?

The first XRP-spot ETFs, including those from Canary Capital and 21Shares, are expected to launch in November following amended S-1 filings that removed delay clauses.

How could XRP benefit from ETF approvals?

Strong institutional demand through spot ETFs could lift XRP prices toward key resistance levels like $2.5 and potentially spark a new uptrend similar to Bitcoin’s ETF rally earlier in the year.

What role do Evernorth and Ripple Prime play in XRP’s growth?

Evernorth plans to hold over $1 billion in XRP reserves, while Ripple Prime aims to boost XRP’s utility in institutional finance — both reinforcing Ripple’s ecosystem expansion.

What are the main risks for XRP in the near term?

Delays in ETF approvals, ongoing political gridlock in the U.S., and slow progress on Ripple’s banking license could all pressure XRP below the $2.2 support level.

What’s the medium-term outlook for XRP?

Despite near-term weakness, the medium-term trend remains bullish, supported by institutional expansion, ETF demand, and Ripple’s ongoing ecosystem growth.