Overview
- XRP trades around $2.50, down about 2% on the day but modestly higher on the week, after spending October capped below $2.70.
- Canary Capital removed a delaying amendment from its SEC paperwork, creating a pathway for a spot XRP ETF that could become effective next month if the process advances.
- Recent examples of Solana, Litecoin, and Hedera funds using auto‑effective rules are cited as precedent for a potential XRP listing.
- Key levels remain defined with support near $2.30 and resistance at $2.70–$2.80, with a confirmed breakout seen as targeting roughly $3.00–$3.20.
- Macro tone is described as improving on reported U.S.–China tariff reductions and recent Fed rate cuts, though regulatory uncertainty, low liquidity, and fading ETF interest remain risks.