Why did the price of XRP go up?

XRP increased by 3.62% in the last 24 hours, outperforming the overall crypto market, which rose by 2.51%. This helped XRP recover some of its losses from the past week, where it had dropped 6.35%. Here are the main reasons behind this movement:

1. Spot ETF Momentum – Five U.S.-based XRP ETFs have been listed on the DTCC and are expected to launch soon (Binance News).
2. Macro Liquidity Boost – Former President Trump’s $2,000 “tariff dividend” announcement encouraged more risk-taking in the crypto market.
3. Technical Rebound – XRP’s price bounced back from an important support level at $2.34, helped by oversold market conditions.

Deep Dive

1. ETF Launch Imminence (Positive Outlook)

Overview: Five spot XRP ETFs from Franklin Templeton, Bitwise, Canary Capital, 21Shares, and CoinShares appeared on the DTCC website on November 9. This suggests progress toward regulatory approval. These ETFs could attract institutional investors, similar to what happened with Bitcoin ETFs.

What this means: Approval of these ETFs would create a regulated way for traditional investors to buy XRP, helping solve XRP’s liquidity challenges. Historically, the launch of crypto ETFs often leads to short-term price increases due to new investment inflows.

What to watch: Keep an eye on the SEC’s approval timeline, expected by late November, and the initial investment activity in these ETFs.

2. Macro Stimulus Catalyst (Positive Outlook)

Overview: The announcement of a $2,000 “tariff dividend” per person by former President Trump on November 9 sparked an $83 billion rally in the crypto market. XRP’s price rose 2.3% following the news, similar to Bitcoin (+2%) and Ethereum (+3%).

What this means: This policy could put over $400 billion into consumers’ hands, encouraging more speculative investment in cryptocurrencies. XRP’s high daily trading volume of $3.2 billion makes it well-positioned to handle increased demand from both retail and institutional investors.

3. Technical Rebound (Mixed Outlook)

Overview: XRP’s price bounced off the 38.2% Fibonacci retracement level at $2.34, which is a key support area. The 24-hour Relative Strength Index (RSI) moved out of oversold territory (41.46), indicating a short-term shift in momentum.

What this means: While this is a positive sign, XRP faces resistance at the 50-day Exponential Moving Average (EMA) around $2.44. If XRP fails to stay above $2.34, it could face renewed selling pressure.

Conclusion

XRP’s recent price increase is driven by optimism around ETF approvals, supportive macroeconomic factors, and technical buying signals. However, the sustainability of this rally depends on the SEC’s ETF decisions and the overall stability of Bitcoin. Key point to watch: Can XRP close above $2.44 (the 50-day EMA) to confirm a trend reversal?

What could affect the price of XRP?

XRP is showing strong momentum on its blockchain, supported by upcoming technical upgrades and potential regulatory approvals.

1. Smart Contract Launch – The XRP Ledger is testing native smart contracts, opening doors for decentralized finance (DeFi) and institutional use.
2. ETF Speculation – Five spot XRP ETF applications are nearing SEC decisions, with a 70–85% chance of approval.
3. Whale Activity – The number of addresses holding 10,000+ XRP has reached an all-time high (300,000), indicating significant accumulation despite stable prices.

Deep Dive

1. Project-Specific Catalysts (Positive Outlook)

Overview:
In October 2025, the XRP Ledger upgraded with the Shannon update, enabling native smart contracts that support WebAssembly (WASM) applications and new transaction types like ContractCreate and ContractCall. These features are currently being tested on AlphaNet, with a full launch expected in early 2026. Additional upgrades, including automated market makers (AMMs), privacy features, and compliance tools from XRPL Labs, aim to attract businesses and financial institutions.

What this means:
With programmable smart contracts, XRP can expand beyond simple payments to support lending, tokenized assets, and central bank digital currencies (CBDCs). For context, Ethereum’s DeFi boom in 2020 led to a 480% price increase. If XRP captures just 5% of Ethereum’s DeFi total value locked ($161 billion), demand for XRP as transaction fees and collateral could rise significantly.

2. Regulatory & Market Landscape (Mixed Outlook)

Overview:
Several companies, including 21Shares and Franklin Templeton, have applied for spot XRP ETFs, with the SEC expected to decide by late October 2025. Approval could bring inflows similar to Bitcoin ETFs, which manage around $138 billion in assets. However, delays or rejections could cause price drops. Ripple is also pursuing a banking charter and a Federal Reserve Master Account, which could help integrate XRP into traditional finance (Phantom_Defi).

What this means:
ETF approval could spark a rally similar to the 2021 “altseason,” when XRP’s price surged over 1,100% after ETF news in 2017. On the other hand, rejection might push XRP back toward the $2.00 support level. The recent legal resolution with the SEC removed major uncertainty, but upcoming political changes like the 2025 Clarity Act could still impact the market.

3. Sentiment & On-Chain Metrics (Bullish Signals)

Overview:
In Q3 2025, large holders (whales) added 190 million XRP (about $445 million) (Santiment). The Relative Strength Index (RSI) is near oversold levels at 41, suggesting potential for upward movement. Social media mentions surged 62% around ETF rumors, and derivatives open interest reached $4.11 billion, indicating high liquidity and potential for price swings.

What this means:
Whale accumulation between $2.20 and $2.30 suggests strong institutional interest. However, high leverage in the market (perpetual swap funding rate at +0.00068185%) means that if support levels fail, rapid sell-offs could occur.

Conclusion

XRP’s future depends largely on ETF approvals, which could bring significant institutional investment, balanced against broader market trends like Bitcoin’s dominance at 59.16%. Key price levels to watch are the $2.25 monthly support and the $2.53 Fibonacci retracement. If AlphaNet adoption grows and ETFs get approved, XRP could retest $3.19 (the 127.2% Fibonacci extension).

What to watch: SEC decisions after November 9, growth in XRPL’s total value locked (TVL), and Bitcoin’s reaction to resistance around $103,000.

What are people saying about XRP?

XRP conversations are swinging between hopes for a big price jump and worries about a drop. Here’s what’s trending:

1. Breakout bets – Experts say XRP could climb above $3.60 if it breaks past $3.05 resistance
2. Bearish warning – Weekly RSI (a momentum indicator) suggests there’s a risk of a 60% price drop
3. Whale activity – Large holders moved $553 million worth of XRP amid rumors about an ETF

Deep Dive

1. @cryptoWZRD_: Bullish Setup Nears Breakout

"XRP is testing $3.00–$3.05. Breakout here targets $3.60 (21% upside)"
– @cryptoWZRD_ (105K followers · 18.7K impressions · Aug 2, 2025, 5:04 PM UTC)
View original post
What this means: This is positive for XRP. If the price can move above $3.05, it could trigger momentum that pushes XRP toward its July high of $3.65.

2. @CryptoInside: Pennant Pattern Hints at 50% Rally

"Breakout from $2.9–$3.0 pennant could send XRP to $4.4"
– @CryptoInside (52.5K followers · 9.2K impressions · Oct 4, 2025, 8:50 AM UTC)
View original post
What this means: This is another bullish sign. A “pennant” is a chart pattern that often signals a strong price move. If XRP breaks out of this pattern, it could rally up to $4.40. However, Bitcoin’s dominance at 59% might slow XRP’s rise.

3. @johnmorganFL: Bearish Divergence Signals 60% Drop Risk

"Weekly RSI divergence mirrors 2021 setup that crashed XRP 60%"
– @johnmorganFL (35.1K followers · 4.9M impressions · Aug 5, 2025, 2:25 AM UTC)
View original post
What this means: This is a warning sign. The RSI (Relative Strength Index) is showing a pattern similar to one in 2021 that led to a 60% crash in XRP’s price. The $2.75 level is a key support point—if XRP falls below this, it could trigger a bigger sell-off.

Conclusion

Opinions on XRP are mixed. Technical traders see potential for gains if XRP breaks above $3.05, but others warn of a possible crash like in 2021. Large XRP holders moving big amounts and ongoing ETF rumors add to the price swings. Keep an eye on the $2.75 to $3.05 range—where XRP closes relative to this zone could determine its next major move.

What is the latest news about XRP?

XRP is gaining attention thanks to new technology and excitement around ETFs, but some investors are cashing out, which is slowing its price growth. Here’s what’s happening:

1. Smart Contracts Launch (November 9, 2025) – The XRP Ledger (XRPL) now supports built-in smart contracts, opening doors for decentralized finance (DeFi) and big companies to use it.
2. ETF Applications Speed Up (November 7, 2025) – Franklin Templeton updated its XRP ETF application to avoid delays from the SEC, increasing the chances of approval.
3. Profit-Taking Jumps 240% (November 9, 2025) – Long-term XRP holders are selling to lock in profits, causing short-term price pressure.

In-Depth Look

1. Smart Contracts Launch (November 9, 2025)

What happened:
The XRP Ledger introduced native Layer 1 smart contracts through AlphaNet, a new testing platform for developers. Unlike add-on solutions, these smart contracts are built directly into XRPL’s core system. They support WebAssembly (WASM), which lets developers create DeFi apps, prediction markets, and automated escrow services. Big players like SBI Holdings and Ripple partners can now build services on XRPL without needing Ethereum or Solana.

Why it matters:
This upgrade makes XRP more useful beyond just sending money. Programmable contracts attract developers and institutions, potentially increasing XRP’s value. However, there are risks like possible network slowdowns and questions about how contract updates will be managed. (CoinMarketCap)

2. ETF Applications Speed Up (November 7, 2025)

What happened:
Franklin Templeton changed its XRP ETF filing to remove a clause that allowed the SEC to delay their decision. This forces the SEC to decide within 20 days. Experts now believe there’s a 70–85% chance the ETF will be approved by late November. Other companies like 21Shares and Bitwise are also filing similar applications, with trusted firms like Coinbase Custody and BNY Mellon set to handle the XRP assets.

Why it matters:
If a spot XRP ETF is approved, it could bring in billions of dollars from institutional investors, similar to how Bitcoin’s ETF approval boosted its price in 2024. However, XRP ETFs based on futures contracts (like ProShares’ UXRP) currently have low trading volume, which raises concerns about liquidity in the short term. (NewsBTC)

3. Profit-Taking Jumps 240% (November 9, 2025)

What happened:
According to Glassnode, XRP holders who have owned their coins for a long time sold about $220 million worth per day recently, especially in the $2.30–$2.50 price range. This selling contributed to a 9.2% drop in XRP’s price over the week, despite positive news like the Ripple Swell 2025 conference.

Why it matters:
This profit-taking shows that some investors think the price has gotten too high and are cashing out. It also means weaker holders are leaving before any potential ETF approval boosts the price. Traders are watching the $2.25 price level closely to see if buyers step back in. (U.Today)

Conclusion

XRP is evolving with new smart contract features and growing interest in ETFs, but short-term price swings continue as investors weigh the potential for big gains against the urge to take profits. The key question now is whether developer activity on AlphaNet can drive demand strong enough to overcome selling pressure in the coming weeks.

What is expected in the development of XRP?

XRP’s development is moving forward with these key milestones:

1. RLUSD Launch in Japan (Q1 2026) – Ripple’s stablecoin RLUSD will enter the Japanese market through a partnership with SBI Holdings.
2. Evernorth’s $1 Billion XRP Fund (Q1 2026) – A new institutional fund aims to increase liquidity for XRP-based decentralized finance (DeFi) on the XRPL.
3. Privacy Enhancements (2026) – Introduction of zero-knowledge proofs to enable private but compliant transactions for institutions.
4. XRPL Apex 2025 in Asia (Date TBD) – A major conference planned to boost Ripple’s presence and partnerships across Asia-Pacific.

In-Depth Look

1. RLUSD Launch in Japan (Q1 2026)

What’s happening: Ripple’s stablecoin, RLUSD, which is backed by U.S. dollars, will be introduced in Japan through a collaboration with SBI Holdings, a major financial services company. This follows its initial launch in the U.S. and fits well with Japan’s supportive approach to cryptocurrency regulation.
Why it matters: This move could increase XRP’s use in cross-border payments and improve liquidity on the XRP Ledger (XRPL). However, navigating Japan’s strict regulatory environment could present challenges.

2. Evernorth’s $1 Billion XRP Fund (Q1 2026)

What’s happening: Evernorth, a crypto investment firm, plans to raise $1 billion to create the largest publicly traded XRP treasury. The fund will focus on strategies like DeFi yield farming and lending to institutions.
Why it matters: This could boost XRP liquidity and market activity by putting significant capital to work. But there is some risk if the expected returns don’t materialize or if broader adoption slows down.

3. Privacy Enhancements (2026)

What’s happening: Developers on the XRPL are working on zero-knowledge proofs (ZKPs), a technology that allows transactions to be verified without revealing sensitive details. This will help institutions keep transactions private while still complying with regulations.
Why it matters: These privacy features could attract banks and asset managers to use XRP, increasing institutional adoption. However, technical challenges might delay the rollout.

4. XRPL Apex 2025 in Asia (Date TBD)

What’s happening: Following the successful XRPL Apex 2024 event in Amsterdam, the 2025 conference will focus on expanding Ripple’s network in Japan, South Korea, and Southeast Asia.
Why it matters: In-person events like this often spark new partnerships and developer engagement, helping to grow the XRP ecosystem in the region.

Conclusion

XRP’s roadmap highlights a strong push toward institutional use through RLUSD and privacy upgrades, along with expanding its footprint in Asia. While these technical improvements aim to compete with Ethereum’s dominance in DeFi, regulatory clarity will be crucial. The combination of privacy features and growing interest in ETFs could be the key to unlocking XRP’s untapped price potential.

What updates are there in the XRP code base?

The XRP Ledger has recently undergone important updates to improve privacy, security, and overall stability.

1. Zero-Knowledge Proofs Integration (October 30, 2025) – Introduced a new privacy feature allowing private XRP transactions using ZKProver technology.
2. XLS-86 Firewall Amendment (September 13, 2025) – Added customizable transaction limits to help prevent unauthorized wallet withdrawals.
3. rippled 2.6.1 Rollback (September 9, 2025) – Fixed memory and software issues from the previous version to restore network stability.

Deep Dive

1. Zero-Knowledge Proofs Integration (October 30, 2025)

What happened:
The XRP Ledger added a privacy layer called ZKProver. This lets users send XRP without revealing who is sending or receiving the funds, or how much is being sent.

Three new transaction types were introduced:

• ZkDeposit/Withdraw: Move XRP into or out of private pools.
• ZkPayment: Send XRP privately between wallets.

This technology is inspired by Zcash and automates complex cryptographic proofs while keeping transaction times fast (about 3-5 seconds).

Why it matters:
This upgrade is positive for XRP because it meets growing demand from institutions for confidential transactions. It positions the XRP Ledger as a strong option for regulated financial services. (Source)

2. XLS-86 Firewall Amendment (September 13, 2025)

What happened:
A new feature was added that lets users set rules to protect their wallets, such as daily withdrawal limits or approved addresses that can receive funds.

Key features include:

• Limits based on time or transaction amount.
• Optional activation for each account.
• Whitelists to allow trusted recipients only.

Why it matters:
This update helps reduce the risk of scams, which is a big concern for everyday users. It’s a neutral to positive change because it improves security without making wallets harder to use. However, users need to set up these protections themselves. (Source)

3. rippled 2.6.1 Rollback (September 9, 2025)

What happened:
The previous software update (2.6.0) caused memory leaks and conflicts with a software library called Boost. To fix this, the network rolled back to version 2.5.1 with important patches:

• Better detection of stalled consensus to avoid false alarms.
• Stopped automatic creation of trustlines for certain transactions.

Why it matters:
This is a neutral update focused on keeping the network reliable. It shows the challenge of balancing new features with system stability. Operators running network nodes need to downgrade to avoid problems. (Source)

Conclusion

The XRP Ledger is focusing on enterprise-level privacy with Zero-Knowledge Proofs, stronger user security through the XLS-86 firewall, and maintaining network stability with critical patches. While some updates reveal the difficulties of scaling, the overall direction aligns XRP with real-world financial needs. The key question is how developers will keep improving these features while preserving the XRP Ledger’s fast transaction speeds and low costs.