Reports emerging from the Ripple Swell 2025 conference indicate a surging interest in XRP, with traders and fund managers closely monitoring the developments set to unfold in November.
Speakers at the event highlighted a series of scheduled moves that could potentially channel more investment into XRP in the near term. A significant announcement came from Steven McClurg, CEO of Canary Capital, regarding the timetable for launching a spot exchange-traded fund (ETF). Following an updated S-1 filing, the ETF is poised to go live, with an automatic launch expected around November 13, contingent upon no delays from the SEC. The latest filing notably eliminated an amendment clause that had previously given the SEC additional control over the ETF’s effective date. While the timeline remains subject to possible shifts due to further inquiries from regulatory bodies, the date has emerged as a focal point for the market.
In contrast to the burgeoning institutional interest, recent data from CryptoQuant reflects a decline in retail trading activity following a major market sell-off on October 10, which saw about $19 billion evaporated within a single day. Small investors appear to be adopting a more reserved stance, retreating into a neutral zone that some analysts interpret as cautious rather than outright withdrawal. Furthermore, large-scale on-chain transactions directed to exchanges have plummeted significantly—from approximately 49,000 on October 25 and 44,000 on October 11 to merely around 800 in recent trading sessions. This substantial decrease in whale-to-exchange transfers suggests that fewer large sellers are liquidating their holdings at present.
During the event, Teucrium CEO Sal Gilbertie expressed optimism regarding XRP’s future, projecting that the latter half of November could herald significant developments for the cryptocurrency. His sentiments resonate with broader market trends connecting tokenization and institutional investing, as exemplified by Citibank’s projections that tokenized assets might soar to trillions within five years. Panel discussions also highlighted anticipated initiatives from traditional financial entities, augmenting the expectations surrounding the market.
Additionally, Circle is reportedly set to commence trading public equities in early December, representing another step towards greater integration of cryptocurrency within conventional finance structures.
Currently, XRP is trading at approximately $2.32, and market experts suggest that investors should adopt a long-term perspective. Gilbertie encouraged holders not to be swayed by short-term price fluctuations, asserting that as adoption increases and institutional funds flow into the market, the volatility will stabilize.
As November progresses, market participants are keenly focusing on the SEC’s decisions, any new filings, and how government operations might influence the ETF launch. On-chain metrics, particularly those related to whale transfers and exchange activity, are also being scrutinized. The prevailing mood appears to be a blend of caution among retail traders coupled with a burgeoning interest from institutional players, as November 13 stands out as a pivotal date for many in the market.
