This report covers Saturday, November 8, 2025 (8.11.2025).
XRP price at a glance (Nov 8)
- Spot price (late U.T.C.): ~$2.28
- 24‑hour range: ~$2.23 – $2.31
- Market cap (approx.): ~$135B
- Day’s OHLC: Open ~$2.31, High ~$2.34, Low ~$2.25, Close ~$2.29
The intraday range and market‑cap snapshot come from Cointelegraph’s live price index, while the day’s OHLC and volume are from Investing.com’s historical feed for Nov. 8. [1]
What moved XRP on November 8
ETF momentum returned to center stage. A Saturday CoinDesk note said XRP broke above the $2.28 resistance as amended spot‑ETF filings gathered steam, highlighting an improving tape and elevated volumes. The piece specifically referenced a Canary Capital amended prospectus and noted a parallel update from 21Shares—moves that, if the final “delaying amendment” is lifted in subsequent filings, can start a 20‑day automatic‑effectiveness clock under Section 8(a). [2]
The filings exist—and they’re current. The Canary XRP ETF has an S‑1/A on file at the SEC (Oct. 10), and 21Shares filed multiple amendments for its 21Shares XRP ETF (latest S‑1/A on Oct. 10; Cboe BZX rule filing is also on the SEC site). Whether a given amendment includes or removes the “delaying amendment” language determines any 8(a) countdown. [3]
Business headlines from this week continued to support the narrative. On Nov. 5, Ripple announced a $500 million strategic investment round at a $40 billion valuation (led by Fortress Investment Group and Citadel Securities). Separately, Ripple disclosed a stablecoin‑settlement pilot with Mastercard, WebBank and Gemini using Ripple’s RLUSD on the XRP Ledger. Those developments framed trader sentiment into the weekend. [4]
Price action and levels traders watched
- CoinDesk’s Nov. 8 market update emphasized that a sustained hold above ~$2.30 would keep the near‑term bullish setup alive, with a close above ~$2.35 opening a path toward $2.54–$2.80. A failure back below ~$2.27 risked a retest of the $2.13–$2.15 demand zone. [5]
- Intraday technicians also flagged the day’s false break toward ~$2.27 before price rebounded into the $2.30 area—consistent with U.Today’s session read‑through. [6]
Broader context: why the news flow matters
- ETF pipeline: With 21Shares and Canary Capital both advancing paperwork, XRP is closer than ever to U.S. spot‑ETF market access. These filings (and related exchange rule documents) are public on SEC.gov and are the primary driver of the “ETF countdown” narrative that helped stabilize price around $2.28 on Saturday. [7]
- Payments utility: Ripple’s RLUSD settlement pilot with Mastercard and WebBank puts the XRP Ledger at the center of a real‑world card‑payments experiment. While RLUSD is a stablecoin (not XRP), the integration narrative and institutional proximity typically influence XRP sentiment and liquidity. [8]
- Fresh capital: The $500M raise at a $40B valuation gives Ripple additional runway for acquisitions and network growth, a backdrop that many traders view as supportive for medium‑term adoption stories tied to the XRP ecosystem. [9]
XRP today: key numbers (Nov. 8)
- Closing price: ~$2.29 (Investing.com daily close)
- Session high / low: ~$2.34 / ~$2.25
- 24‑hour trading band reported by live index: ~$2.23 – $2.31
- Approx. market cap: ~$135B
These figures triangulate the day’s trading from Investing.com’s daily data and Cointelegraph’s live index page. Minor variations reflect different data collection cut‑offs. [10]
Near‑term outlook
Going into the new week, the tape remains event‑driven: each new ETF document or exchange rule update can move XRP quickly. On the chart, $2.27–$2.30 is the battleground; holds above $2.30–$2.35 keep bulls targeting $2.54–$2.80, while loss of $2.27 exposes $2.13–$2.15. Traders will also watch for any follow‑on communications from ETF issuers that explicitly remove delaying language in S‑1 amendments—often the tell that a 20‑day clock is truly live. [11]
Methodology & sources (Nov. 8, 2025)
- Market data: Cointelegraph’s XRP price index (24‑hour range/market cap) and Investing.com’s daily OHLC for Nov. 8. [12]
- Catalysts/analysis: CoinDesk’s Nov. 8 market note on resistance break and ETF filings. [13]
- Filings: SEC EDGAR for 21Shares XRP ETF and Canary XRP ETF; SEC rule filings for Cboe BZX listing mechanics. [14]
- Company news: Reuters on Ripple’s $500M raise/$40B valuation; Ripple press release on RLUSD with Mastercard/WebBank/Gemini. [15]
Editorial note: This article is for informational purposes only and is not investment advice. Crypto assets are volatile and can be risky. Always do your own research.
References
1. cointelegraph.com, 2. www.coindesk.com, 3. www.sec.gov, 4. www.reuters.com, 5. www.coindesk.com, 6. u.today, 7. www.sec.gov, 8. ripple.com, 9. www.reuters.com, 10. www.investing.com, 11. www.coindesk.com, 12. cointelegraph.com, 13. www.coindesk.com, 14. www.sec.gov, 15. www.reuters.com
