XRP, the native token of Ripple, has experienced a significant surge of 10% today, recovering from a week-long downtrend. The token is currently trading at $2.54, a notable increase from its intraday low of $2.30. This price movement is accompanied by a substantial 125% increase in trading activity, with over $6.2 billion in trading volume recorded in the last 24 hours. The catalyst for this surge appears to be twofold.
Potential XRP ETFs Listed on DTCC
Investors are reacting to reports indicating the appearance of several XRP exchange-traded funds (ETFs) on the U.S. Depository Trust and Clearing Corporation (DTCC) website. This listing suggests that these ETFs may soon be available for trading, generating considerable excitement within the market.
As of Monday, the DTCC website listed 11 XRP ETFs that are either active or are nearing their launch. Among the providers mentioned are prominent names such as 21Shares, ProShares, Bitwise, Canary Capital, Volatility Shares, REX-Osprey, CoinShares, Amplify, and Franklin Templeton. While a listing on the DTCC does not constitute final approval for the ETFs, it is a strong indicator that they are prepared for trading.
Nate Geraci, an ETF expert, commented on the development via Twitter, stating, "Government shutdown ending = spot crypto ETF floodgates opening." He further suggested that the first "33 Act spot XRP ETF" could potentially launch this week.
Government shutdown ending = spot crypto ETF floodgates opening…
— Nate Geraci (@NateGeraci) November 10, 2025
In meantime, could see first ‘33 Act spot xrp ETF launch this week.
Market Confidence Boosted by End of Government Shutdown
In addition to the ETF news, the U.S. Senate has reportedly reached a deal to end the ongoing government shutdown. This resolution is expected to instill greater confidence in the broader financial market, which in turn positively impacts the cryptocurrency market.
Technical Analysis and On-Chain Activity
From a technical perspective, XRP's price has successfully broken through a key resistance level at $2.30 and is now targeting another resistance at $2.55. If current momentum persists, there is a possibility for the token to reach $2.68 in the coming days. Conversely, a rejection at the current level could lead to a slight price correction, with support levels identified around $2.42 and $2.36 to mitigate further losses.
The Relative Strength Index (RSI) is currently positioned at 70, while the moving average stands at 56. These indicators suggest that the token is not yet in overbought territory, leaving room for buyers to potentially drive the price higher.
Concurrently, the XRP Ledger is also witnessing increased activity. Daily active users have risen to between 19,000 and 29,000, indicating a growing number of users actively engaging with the network. This uptick in network usage can further support positive price action.
Furthermore, some XRP ETFs, such as Grayscale's XRP Trust and WisdomTree's XRP fund, are not yet listed on the DTCC, suggesting that more relevant news may emerge soon. Canary Capital has also announced that its XRP ETF is "coming soon," possibly by the end of the week. The overall anticipation surrounding these developments is expected to contribute to further upward price pressure for XRP.