What happened?
XRP has held above $2.50 while Bitwise updated its XRP spot ETF filing to list on the NYSE with a 0.34% fee, suggesting it’s closer to a potential launch. Ripple is also set to unlock 1 billion XRP from escrow on November 1, and the community has been buzzing with viral, but unrealistic, $10,000 price claims. On the charts, XRP shows a bearish triangle with resistance near $2.72, so traders are watching for confirmation of the next move.
Who does this affect?
Short-term traders and retail holders are most exposed to volatility from the escrow unlock and the current technical setup. Institutional investors and funds could be major players if a Bitwise spot ETF is approved, bringing fresh liquidity and larger order flow. Ripple and ecosystem partners may see increased adoption and funding, but they’ll also face market reactions tied to token releases and headlines.
Why does this matter?
An approved XRP spot ETF could attract sizable institutional inflows, improving liquidity and potentially supporting higher prices over time. Conversely, the 1 billion XRP escrow unlock raises short-term supply risk that can cause selling pressure or choppy trading against a bearish technical backdrop. Ultimately, the market’s direction will hinge on whether ETF-driven demand outweighs unlock-driven supply, so volume, liquidity, and a clear break above $2.72 are key signals to watch.