Key Insights:
- •The XRP price climbed on expectations of imminent Spot Ripple ETF approvals in the United States within the next two weeks.
- •Ripple launched digital asset spot prime brokerage capabilities for US institutional clients on November 3.
- •Analysts project that the XRP price could benefit from significant ETF inflows, similar to the recent performance of the Solana ETF debut.
XRP price traded at $2.39 on November 3, down 5% in the past 24 hours, but analysts anticipated multiple catalysts that could reshape the token’s institutional adoption trajectory. Regulatory developments and expanded infrastructure positioned XRP for potential price appreciation according to industry observers.
NovaDius Wealth President Nate Geraci posted to X on November 2, stating that he expected the first Ripple ETF to launch within the next two weeks. Geraci stated that the Securities and Exchange Commission (SEC) maintained open litigation against Ripple for five years until three months prior. The executive wrote that the launch of the spot XRP ETF represented the “final nail in the coffin” of previous anti-crypto regulatory approaches. Geraci made additional projections on October 29, stating that spot XRP ETFs would “easily become” billion-dollar funds within the first months of trading. The executive quoted Matt Hougan’s assessment that “The XRP Army will smash-buy the ETF” and predicted flows would “dramatically exceed” market expectations.
XRP Price Could Mirror Recent ETF Performance
Geraci referenced Bitwise’s spot Solana ETF (BSOL) launch on October 28, noting it posted the highest day-one trading volume among approximately 850 ETF launches in 2025. The executive suggested spot XRP ETF would likely receive similar or greater reception from investors. Bloomberg senior ETF analyst Eric Balchunas reported BSOL’s first-week performance on November 3. The Solana ETF led all crypto exchange-traded products in weekly flows with $417.26 million, while Grayscale’s Bitcoin Trust (IBIT) experienced an unusual off week. BSOL ranked 16th in overall flows across all ETF categories for the week, demonstrating strong institutional demand for exposure to altcoins. The fund attracted over $400 million in assets under management within days of launch, validating projections for appetite in non-Bitcoin and non-Ethereum crypto investment vehicles.
Ripple Launches Prime Brokerage for US Institutions
Ripple announced digital asset spot prime brokerage capabilities for the United States market on November 3. US-based institutional clients gained access to over-the-counter spot transactions across dozens of prominent digital assets, including XRP and Ripple’s USD-pegged stablecoin RLUSD. The launch followed Ripple’s acquisition of multi-asset prime brokerage Hidden Road. Ripple combined its licenses with Hidden Road’s solutions under the Ripple Prime brand, offering integrated access to foreign exchange, digital assets, derivatives, swaps, and fixed-income products. Michael Higgins, International CEO of Ripple Prime, stated that the OTC spot execution capabilities complemented existing OTC and cleared derivatives services.
Meanwhile, the infrastructure positioned Ripple to offer US institutions comprehensive trading solutions suited to varied strategies and requirements. The XRP price benefited from Ripple Prime’s US clients being able to cross-margin OTC spot transactions and holdings with their broader digital asset portfolios, including OTC swaps, CME futures, and options. The operational efficiency improvements created additional institutional use cases for XRP in trading workflows.
What’s Next for XRP Price?
Trader Egrag Crypto analyzed the XRP price structure on November 3, stating the token had accumulated above every major body candle since inception. The analyst’s chart displayed a blue horizontal support zone that formed a “solid, rigid” base for XRP price action.
EGRAG noted XRP mirrored early cycle patterns at a slower pace due to mature market conditions, greater liquidity, and increased complexity. The analyst’s long-term chart, labeled “The Bifrost Bridge,” showed the XRP price trading within an ascending channel from 2014 through projected 2028 levels. The structure indicated a 12-month accumulation phase with volume concentrated near current levels. Egrag wrote that bears shorting at support fought against the structure itself, calling the setup “screaming bullish.” The analyst addressed downside scenarios, stating that if Ripple coin broke below the blue support box, “the entire global financial system will be in deeper trouble than XRP itself.” Egrag distinguished between time and direction, noting that consolidation duration misled bearish traders who focused on sideways movement rather than structural positioning.
Trader Steph is Crypto, posted a bullish XRP price assessment on November 3.
Meanwhile, the chart highlighted a horizontal resistance level near $2.00 marked as “Bull Market Peak 2021.” XRP price consolidated below this level for multiple years before recent upside momentum. The weekly timeframe displayed XRP holding above ascending support that originated in 2020. Volume profiles showed increased buying interest as the price approached the 2021 peak resistance zone. Steph predicted that many new millionaires would emerge from XRP holdings, suggesting that the technical setup favored a continued higher trend.