$2.5 XRP Rebound in Focus as Canary Capital’s Spot ETF Targets Nov. 13 Launch
During the European session, the XRP/USD is trading around $2.49, down 2.17% in the past 24 hours. XRP's market cap remains...
Quick overview
- XRP/USD is currently trading at $2.49, down 2.17% in the last 24 hours, with a market cap of approximately $149.5 billion.
- Canary Capital Group's XRP Spot ETF is set to launch on November 13, 2025, following the removal of the SEC delay clause from its Nasdaq filing.
- This regulatory shift could accelerate institutional adoption and increase trading volume, similar to the impacts seen with Bitcoin and Ethereum ETFs.
- Technically, XRP is consolidating near $2.50, with potential for a breakout if it surpasses the 50-day EMA at $2.54.
During the European session, the XRP/USD is trading around $2.49, down 2.17% in the past 24 hours. XRP’s market cap remains at around $149.5 billion. The token has captured investor attention after Canary Capital Group confirmed that its long-awaited XRP Spot ETF could launch on November 13, 2025.
This development follows Canary Capital’s decision to remove the SEC “delay clause” from its Nasdaq filing, a move that shortens the approval window to just 20 days. Under this change, the ETF’s effectiveness would no longer depend on the SEC’s discretionary timing. Instead, approval becomes automatic once the statutory period concludes, provided Nasdaq completes its review on schedule.
Canary’s ETF structure will rely on Gemini Trust and BitGo Trust for custody, ensuring compliance and secure management of XRP holdings. The filing revision marks a pivotal shift in regulatory approach, potentially setting a new precedent for crypto ETF rollouts.
Institutional Interest and Market Impact
Removing the SEC’s delay clause could fast-track broader institutional adoption. Liquidity providers such as Virtu Financial and Flowdesk are reportedly preparing to support the ETF’s launch, signaling growing confidence in XRP’s role within regulated investment products.
According to market analysts, this shift could trigger an uptick in trading volume and liquidity, similar to what Bitcoin and Ethereum experienced following their ETF approvals.
Key expectations include:
- Increased participation from institutional and retail investors.
- Higher daily transaction volumes as XRP gains visibility on traditional finance platforms.
- Short-term volatility as traders adjust to new liquidity inflows.
As noted by Eleanor Terrett of FOX Business, the filing “sets Canary’s $XRP ETF up for a launch date of November 13, assuming the Nasdaq process proceeds,” underscoring growing anticipation within the industry.
XRP Technical Outlook: Neutral, But Building Strength
From a technical perspective, XRP/USD is consolidating near $2.50 after retreating from the $2.70 level. Price action has formed a symmetrical triangle, signaling indecision before a possible breakout. The 50-day EMA at $2.54 caps immediate upside, while the ascending trendline at $2.37 provides near-term support.
The RSI (44) indicates cautious sentiment, though buyers could regain momentum if XRP closes above $2.54. A sustained breakout could lift prices toward $2.70 and $2.84, while a drop below $2.37 risks further losses toward $2.19.
Overall, XRP’s tone remains balanced — stable but poised for movement. With the ETF launch on the horizon, the next few weeks could determine whether the token transitions from consolidation to a full-fledged rally.
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