**XRP ETF Filing Triggers Price Surge, Sparks Market Optimism**
The recent filing for the 21RP XRP exchange-traded fund (ETF) has sent ripples through the cryptocurrency community, triggering a 5% jump in XRP prices to $2.32 within an hour of the announcement. The ETF application initiates a 20-day review period with the U.S. Securities and Exchange Commission (SEC), raising speculation about a possible automatic launch if the SEC does not intervene. Based on Section 8(a) of the Securities Act of 1933, Amendment No. 3 to Form S-1 allows the ETF to go live automatically if the SEC remains silent during the review window.
ETF analyst Eric Balchunas confirmed the filing on social media platform X (formerly Twitter). Market expert Scott Melker observed that trading for the fund could begin as early as November 27, provided the SEC takes no action. Following the news, XRP’s trading volumes spiked as buyers rushed in, propelling prices higher. Technical analysts noted the size of the price candle, with one community member predicting another substantial move could occur within a month.
This isn’t the first time XRP has seen dramatic price action on positive news. In July 2023, Judge Analisa Torres issued a partial ruling in favor of Ripple in its long-running legal dispute, causing XRP’s price to leap by 70%.
**Other ETF Filings Line Up**
Momentum around XRP ETFs isn’t limited to the 21RP fund. Franklin Templeton recently amended its S-1 registration, removing regulatory language that required explicit SEC clearance under the 8(a) clause—a move analysts interpret as preparation for a November launch. Grayscale, another major asset manager, filed its second amendment to convert its proposed XRP Trust. The filing outlined key executives and legal counsel, typically signaling an imminent rollout.
Meanwhile, Canary Capital is targeting November 13 for its own XRP ETF debut, pending final approval by Nasdaq. If these timelines hold, November could see multiple XRP ETFs coming to market.
**RippleNet Payment Volume Highlights**
Zooming out to network performance, RippleNet processed $57.7 billion in total payment volume in the quarter ending September 30, 2025. Renowned for low fees and speedy transactions, RippleNet continues operating internationally alongside its traditional banking partners. By comparison, PayPal handled $458.1 billion in payment volume during the same period, highlighting the difference in transaction scale between mainstream and blockchain-based payments.
**Market Overview and Outlook**
XRP currently trades around $2.20 after peaking at an all-time high of $3.56 in July. Based on circulating coins, the market capitalization is $134 billion. If all 100 billion coins created at launch are considered, the fully diluted market value reaches $220 billion. Ripple continues to keep roughly 40 billion coins in reserve accounts, while the number of active XRP accounts remains steady.
Should one or more XRP ETFs officially launch this month, XRP would join Bitcoin and Ethereum as one of the few cryptocurrencies with a spot ETF in the U.S. market—a milestone that could fundamentally reshape its trading and investment landscape.
**Key Dates to Watch**
– **Canary Capital:** Targeting November 13 for XRP ETF debut (pending Nasdaq approval)
– **21RP ETF:** Possible automatic launch around November 27 if the SEC takes no action
Stay tuned as developments around XRP ETFs continue to unfold, with market participants watching closely for regulatory decisions and price movements.
https://coincentral.com/xrp-price-new-etf-filing-could-lead-to-automatic-approval-by-november-27/