Updated: Nov 9, 2025, 10:25 UTC
Key takeaways
- Spot price: XRP is trading around $2.26 this morning, keeping market cap near $136B with ~$1.6B in 24‑hour volume. [1]
- Intraday range: Today’s session has ranged roughly $2.24–$2.30 so far. [2]
- Today’s big story:21Shares filed Amendment No. 3 to its S‑1 for a 21Shares XRP ETF on Nov 7, with analysts on X highlighting a “20‑day clock” toward potential effectiveness; the filing itself still carries standard Section 8(a) delaying language. [3]
- Context: Ripple’s momentum this week includes a $500M round at a $40B valuation—a backdrop that keeps institutional interest elevated. [4]
XRP price snapshot for Sunday, Nov 9, 2025
- Live price:$2.2619
- Market cap:$135.96B (ranked #4)
- 24h volume:$1.63B
Data: CoinDesk live pricing dashboard. [5] - Today’s trading range:$2.2408 (low) – $2.2973 (high)
Data: Investing.com intraday data for Nov 9, 2025. [6] - 7‑day context: XRP remains lower on the week after last week’s selloff; CoinDesk’s dashboard shows XRP still down vs. 7‑day levels. [7]
What moved XRP today
1) 21Shares advances its U.S. spot XRP ETF
21Shares filed Amendment No. 3 to its S‑1 on Nov 7, detailing the 21Shares XRP ETF (expected listing on Cboe BZX under ticker “TOXR”). The prospectus is dated Nov 7, 2025 and—importantly—contains the customary preface that effectiveness will occur in accordance with Section 8(a) (i.e., it still includes standard delaying language). [8]
Separately, Bloomberg ETF analyst Eric Balchunas flagged that 21Shares “dropped an 8(a),” which ETF watchers often treat as a late‑stage step toward launch. Coverage across crypto media framed this as starting a “20‑day” window toward potential effectiveness, though the practical timing still depends on the SEC and the exact text of the filings. Bottom line: momentum is real, but a hard launch date is not guaranteed from today’s paperwork alone. [9]
Some outlets reported a quick price pop toward $2.32 after the ETF progress headlines—typical “headline beta” for XRP. [10]
2) Institutional backdrop: Ripple’s $500M raise at $40B
Through the week, Ripple confirmed a $500 million strategic funding round at a $40B valuation (led by Fortress Investment Group and Citadel Securities), reinforcing institutional interest around Ripple’s product stack (payments, custody, and stablecoin RLUSD). This is background, but it colors sentiment and flows into weekend trading. [11]
3) Post‑Swell digestion and positioning
Following Ripple Swell 2025 (Nov 4–5), traders largely “bought the rumor, sold the news,” with XRP giving back part of last week’s rally—another factor behind today’s cautious tone. [12]
Levels to watch
- Immediate support:$2.21–$2.24 (this week’s lower band and today’s session low cluster). [13]
- Near‑term resistance:$2.40–$2.53 (recent supply zone and last week’s local highs). [14]
Traders are treating $2.20–$2.25 as a battleground: lose it convincingly and momentum screens risk a retest of the early‑November lows; reclaim and hold $2.40+ and models start flipping back to “ETF‑anticipation” mode.
What’s next on the calendar
- ETF paperwork watch: Keep an eye on the 21Shares XRP ETF page on SEC EDGAR for any further amendments (e.g., removal of delaying language) and potential Form 8‑A submissions tied to listing mechanics. The Nov 7 S‑1/A confirms progress; whether a 20‑day path is truly “in effect” hinges on subsequent filings and SEC posture. [15]
- Macro and crypto beta: XRP remains sensitive to broad crypto risk sentiment led by BTC; rebounds or risk‑off in majors can bleed into XRP intraday. (Market context: majors steadied late week.) [16]
Background: where the legal cloud stands
For context, the SEC v. Ripple saga concluded earlier this year with a court‑approved penalty and clarity that exchange‑traded XRP sales are not securities—a prerequisite for serious ETF traction in the U.S. This legal backdrop is a key reason the ETF conversation exists at all. [17]
Editor’s note on sources & methodology
- Prices/market stats are drawn from CoinDesk (live dashboard) and Investing.com (intraday table for today). Figures can vary by venue and update cadence. [18]
- ETF status is sourced from the SEC’s S‑1/A (Nov 7, 2025) for the 21Shares XRP ETF and contemporaneous analyst commentary on X plus industry coverage; we distinguish between on‑chain filings and third‑party interpretations. [19]
- Corporate/investor context comes from Reuters and the Financial Times. [20]
Disclaimer
This article is for news and information purposes only and does not constitute investment advice. Digital assets are volatile and carry risk. Always do your own research.
References
1. www.coindesk.com, 2. www.investing.com, 3. www.sec.gov, 4. www.reuters.com, 5. www.coindesk.com, 6. www.investing.com, 7. www.coindesk.com, 8. www.sec.gov, 9. x.com, 10. ambcrypto.com, 11. www.reuters.com, 12. www.tipranks.com, 13. www.investing.com, 14. www.coingecko.com, 15. www.sec.gov, 16. www.barrons.com, 17. www.reuters.com, 18. www.coindesk.com, 19. www.sec.gov, 20. www.reuters.com
