XRP traded close to $2.64 on Friday, supported by heightened institutional activity and a spike in interest for XRP-focused exchange-traded funds (ETFs) as investors anticipated possible regulatory green lights. The digital asset, which has climbed 26% since the start of the year according to
a Coindesk report
, advanced 2.2% over the past day, with bullish investors targeting a move above $3 amid a series of positive technical signals and strategic initiatives from Ripple, as highlighted in a
crypto.news analysis
.
The Teucrium 2x Long Daily
XRP
ETF (XXRP) drew significant attention, ending regular trading at $22.90, a 7.06% daily gain, though it remains down 15.03% for the year, according to Coindesk. Elsewhere, the newly introduced REX-Ospey XRP ETF accumulated over $100 million in assets in its first month, while the Teucrium Leveraged XRP ETF’s holdings exceeded $366 million, per crypto.news. These substantial inflows, along with an 88% recovery from XRP’s monthly low of $1.3790, reflected strong institutional trust in the token.
Momentum on the regulatory front also picked up. Ripple’s Q3 2025 update disclosed that seven U.S. spot XRP ETF proposals are awaiting SEC decisions, with verdicts anticipated between October 18 and November 14, as outlined in
Ripple's Q3 report
. The prediction platform
Polymarket
estimated the odds of approval at above 99%, driven by the SEC’s recent policy adjustments that permitted applications for
Solana
,
Litecoin
, and
Hedera
. Bloomberg’s Eric Balchunas suggested XRP may be “next in line” for approval, referencing the SEC’s nuanced shift in regulatory interpretation.
Technical analysis added to the positive outlook. XRP’s chart revealed a key support at $2.32 and resistance at $2.77, according to
TradingView
, while open interest in CME XRP futures climbed to $9.9 billion—the highest since September, as reported by crypto.news. On-chain metrics showed strong trading activity, with $4.39 billion in open interest on October 26, indicating robust engagement from both retail and institutional players, the crypto.news report added.
Ripple’s ecosystem advancements further fueled momentum. The proposed “Batch” amendment (XLS-56) for the XRP Ledger, currently at 68.57% validator approval, could transform NFT transactions by allowing atomic swaps of multiple assets in one go, as mentioned in
a Yahoo Finance piece
. Alongside this, the Ripple USD (RLUSD) stablecoin is approaching $1 billion in assets, positioning XRP as a significant force in decentralized finance infrastructure, according to crypto.news.
Geopolitical developments also influenced the market. A breakthrough in U.S.-China trade talks boosted risk sentiment, pushing
Bitcoin
above $113,000 and lifting XRP to $2.64, as detailed in a
Coinpedia report
. Meanwhile, India’s Madras High Court classified XRP as “property,” protecting holders from forced loss-sharing, according to a
U.Today report
, while China intensified its anti-crypto measures, warning that stablecoins could threaten monetary sovereignty, U.Today also reported.
Despite the optimistic environment, certain risks persist. The Teucrium Leveraged ETF, designed for double daily exposure, is susceptible to compounding and volatility risks, Coindesk cautioned. Additionally, the postponed Bitcoin repayments from Mt. Gox—now delayed until 2026—have left $15 billion in crypto locked up, easing immediate selling pressure, U.Today noted.
With the SEC’s final ruling approaching and technical signals aligning, XRP’s push toward $3 seems increasingly plausible. However, continued progress will rely on regulatory transparency, further institutional involvement, and the market’s capacity to absorb new ETF inflows.
