Introduction
The cryptocurrency industry stands at a regulatory watershed moment as the first spot XRP exchange-traded funds are expected to debut within the next two weeks, signaling a dramatic shift in the U.S. Securities and Exchange Commission’s stance following the resolution of its five-year litigation against Ripple. This development, with Canary Capital reportedly targeting a November 13 launch, represents the first time XRP will be available through a regulated U.S. investment vehicle, potentially triggering what analysts describe as a breakout moment for the cryptocurrency’s price.
Key Points
- First spot XRP ETFs expected within two weeks, with Canary Capital targeting November 13 launch
- SEC's five-year litigation against Ripple concluded in August 2025, removing major regulatory barrier
- Analysts predict potential $5 price target for XRP as ETF approval combines rising demand with shrinking supply
Regulatory Barriers Fall as SEC Litigation Concludes
The path for XRP ETF approval cleared significantly when the SEC’s five-year litigation against Ripple officially ended in August 2025 with both parties filing a joint dismissal of their appeals. Nate Geraci, president of NovaDius Wealth Management, described the upcoming ETF launch as the “final nail in the coffin of previous anti-crypto regulators,” emphasizing how far the regulatory landscape has evolved since the SEC first accused Ripple of conducting an unregistered securities offering through XRP sales in December 2020.
The extended U.S. government shutdown had previously caused delays at the SEC, preventing the agency from meeting key deadlines for several pending spot XRP ETF applications. This impacted multiple applicants including Grayscale, whose proposal was initially set for review on October 17 before being put on hold, along with applications from 21Shares, Bitwise, CoinShares, and WisdomTree.
Canary Capital Leads XRP ETF Charge
Canary Capital is reportedly leading the charge toward bringing the first spot XRP ETF to market, with sources indicating a target launch date around November 13. This development marks a significant milestone for cryptocurrency adoption in traditional finance, as it would represent the first time U.S. investors can gain exposure to XRP without directly holding the cryptocurrency through a regulated investment vehicle.
The approval of spot XRP ETFs follows the successful precedent set by spot Bitcoin ETFs, which accumulated one hundred billion dollars in assets, demonstrating substantial institutional and retail demand for cryptocurrency exposure through traditional financial products. The timing of the XRP ETF approvals suggests regulators have become more comfortable with cryptocurrency investment products following the resolution of key legal uncertainties.
Analysts Predict XRP Price Breakout
Financial experts anticipate the launch of spot XRP ETFs will have a massive impact on the token’s price, with some analysts predicting targets reaching $5 or more. One analyst explained how XRP will be seen as the cryptocurrency with the strongest use case and most potential, particularly for fast and low-cost global payments, making it particularly attractive for institutional investment through ETF structures.
Market data supports the bullish outlook, with whales having purchased over $340 million worth of XRP in the past month, including a single $1 billion purchase. Simultaneously, trading on the XRP Ledger’s decentralized exchange is expected to grow in the coming weeks, potentially reducing the amount of tokens available on centralized exchanges. This combination of rising institutional demand through ETFs and shrinking available supply creates what experts are calling XRP’s breakout moment.
The convergence of regulatory clarity, institutional adoption through ETFs, and favorable supply dynamics positions XRP for what could be its most significant price movement since the cryptocurrency’s inception. As traditional investors gain easy access through regulated channels, the fundamental value proposition of XRP for cross-border payments and settlement could drive sustained long-term growth beyond initial ETF-driven speculation.
📎 Related coverage from: cryptopotato.com