XRP News Today: XRP Faces a Turning Point: Institutional Expansion Versus Market Fluctuations

XRP, Ripple's digital currency, is currently experiencing a crucial period as institutional interest rises and technical signals point to possible swings and expansion. The asset’s price movements are closely watched as Ripple takes strategic steps to strengthen its presence in mainstream finance, while experts continue to assess short-term support and resistance points.

Ripple’s influence among institutions has grown notably since the introduction of Ripple Prime, a U.S.-based prime brokerage service that allows institutional clients to trade digital assets such as

, in addition to traditional markets like forex and derivatives, according to a . Developed after Ripple’s $1.25 billion acquisition of multi-asset broker Hidden Road, the platform features cross-margining, enabling users to balance risk across OTC spot, CME futures, and options, as detailed in a . This advancement places XRP at the crossroads of institutional liquidity and settlement, with Ripple CEO Brad Garlinghouse describing the platform as potentially the “missing link” between traditional capital markets and digital finance, a sentiment echoed in the NewsBTC analysis.

The company’s rapid growth strategy also includes further acquisitions, such as the crypto wallet provider Palisade, to strengthen its custody and payments systems, as reported by Benzinga. Ripple’s latest acquisition of GTreasury, a fintech firm focused on treasury management, highlights its commitment to institutional integration, according to a

. These initiatives have fueled speculation about an upcoming XRP ETF, with Canary Capital and Bitwise recently submitting revised S-1 filings. ETF Store’s Nate Geraci forecasts that a spot XRP ETF could debut as soon as November 13, according to Benzinga.

Despite these institutional advancements, XRP’s price has encountered resistance, remaining below $2.30 in late October. Technical experts point to a key resistance at $2.82, which aligns with the Wave 4 peak in Elliott Wave theory. Surpassing this level could drive XRP toward $6.50 or even $10, but failing to stay above $2.30 may lead to a drop into the $1.35 to $1.46 support range, as outlined in a

. The token’s recent decline mirrors broader market softness, with XRP extending losses amid reduced retail interest and economic uncertainty. Open interest in XRP derivatives has dropped to $4.33 billion from an October high of $9.09 billion, indicating a decrease in speculative trading, according to an .

Ripple’s CTO David Schwartz, who also acts as a strategic advisor to Evernorth—the largest public XRP treasury—will discuss these trends at the Ripple Swell event in November, as covered by TradingView. Evernorth, created through a $1 billion merger with Armada Acquisition Corp II, has become central to XRP’s institutional adoption. Schwartz’s move to Ripple’s board and his perspectives on DATs (Digital Asset Treasuries) are expected to influence market sentiment ahead of the event.

Legal factors are also shaping XRP’s outlook. In India, the Madras High Court recently classified XRP as intangible property, providing some legal clarity for holders, as explained in a

. However, this ruling applies only to a specific case and does not grant XRP legal tender status, leaving some regulatory questions unresolved.

Looking forward, XRP’s future will depend on balancing institutional momentum with ongoing market volatility. While Ripple’s investments in infrastructure and the possibility of an ETF offer long-term promise, short-term price stability remains uncertain. A sustained move above $2.82 could renew bullish sentiment, but ongoing selling from long-term holders—who are reportedly selling about $260 million in XRP daily—remains a near-term obstacle, according to a

.

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