XRP has been on an impressive trajectory in 2025, recording an astonishing increase of over 400%. However, as it settles around $2.50 following a recent 16% drop over the past month, questions loom regarding its long-term viability. This volatility comes amid Ripple’s ambitious plans to secure a national bank charter and the ongoing evolution of its product offerings.
Recent developments suggest a potential transformation in the XRP landscape. Bitwise has updated its XRP ETF filing with the US Securities and Exchange Commission (SEC), providing crucial details in Amendment #4, including the New York Stock Exchange as the proposed listing venue and a competitive management fee of 0.34%. The removal of the “delaying effective amendment” clause from the filing indicates readiness for a quicker launch, bypassing common regulatory delays.
Industry analyst Eric Balchunas highlighted these updates, emphasizing their importance as they signify only final steps before the potential roll-out of the ETF. This auto-effective status could significantly streamline the approval process.
Meanwhile, Canary Capital has also updated its S-1 filing for a Spot Ripple ETF, mirroring Bitwise’s strategic adjustment by eliminating the delaying amendment. Pending Nasdaq approval, this ETF could launch as early as November 13, further indicating a burgeoning appetite for XRP-based investment products.
ETF Developments Meet Mixed Price Action
In a day where XRP has fluctuated between $2.49 and $2.55, trading volume has seen a notable decline of 29%, landing at $3.81 billion. This lackluster trading activity contrasts starkly with the growing optimism surrounding ETF approvals, resulting in a weekly price drop of 1.2%.
Analysts are divided on XRP’s near-term prospects. Some, like Ali Martinez, caution that XRP may well retreat to the $2 support level before recovering. Conversely, other analysts, like CryptoBull, note a “cup and handle” pattern in the monthly chart, suggesting a bullish potential that could see XRP climb back to $5 or higher.
Banking Charter and Stablecoin Plans
Ripple’s pursuit of a national bank charter in the U.S. symbolizes a significant regulatory shift, with troubling issues in their past appearing to dissipate. The company’s recent $200 million acquisition of a stablecoin payment firm further signals its commitment to developing stablecoin solutions.
RippleNet’s current functionality allows it to operate without requiring the use of XRP, although On-Demand Liquidity (ODL) does rely on XRP as a bridge asset. Adoption of ODL among larger banks remains limited, hindering XRP’s potential to capture institutional demand.
The introduction of Ripple’s stablecoin, RLUSD, could potentially lessen the demand for XRP as a bridge asset in cross-border transactions, representing both a threat and an opportunity as the company evolves. While the banking charter may enhance Ripple’s credibility among investors, the long-term implications for XRP’s market role are still opaque.
Currently, XRP hovers around the critical $2.50 support level, especially with the promise of two ETF filings moving forward without regulatory delays. The next few weeks will be pivotal for XRP, as its future interactions with the banking charter, ETF developments, and market sentiment converge to shape its path forward.
