XRP Price Rises 2% As Bitwise ETF Launch Approaches

XRP price climbed 2% in the past 24 hours to trade at $2.49 as of 8 p.m. EST, on trading volume down 57% to $2.04 billion.

Indeed, Bitwise is moving closer to launching a US-listed XRP ETF after filing the “final amendment” to its S-1 registration with the US Securities and Exchange Commission (SEC) on October 31.

The Bitwise XRP ETF is expected to trade on the New York Stock Exchange (NYSE) with a management fee of just 0.34%, putting pressure on other products to keep costs low.

Bitwise just filed Amendment #4 for its XRP ETF with the SEC – another step towards implementation $XRP exposure to American markets.

This is not a rumor; it’s directly on Form S-1 under the Securities Act of 1933.
The Momentum building. #XRP #ETF #Ripple pic.twitter.com/Krtvd56gxF

– 𝗕𝗮𝗻𝗸XRP (@BankXRP) November 1, 2025

The buzz around the Bitwise XRP ETF has sparked renewed interest in XRP, boosting sentiment around the coin and keeping it in the spotlight.

XRP Price: Strong Fundamentals, On-Chain Developments

The XRP price rise is supported by strong fundamentals and on-chain developments. XRP is one of the most valuable digital assets in the world, with a market capitalization exceeding $30 billion.

The coin powers the XRP Ledger (XRPL) blockchain, which is best known for rapid cross-border remittances but is also expanding into decentralized finance (DeFi) and asset tokenization.

The network has over five million active wallets and consistently handles transactions in just seconds, with fees less than $0.01.​

On-chain data shows that activity on XRPL increased ahead of the ETF decision. Trading volumes are trending higher, while whale wallets have resumed accumulation following minor selling by short-term holders last week.

XRP Ledger Active Addresses Source: CryptoQuant

Institutional flows are also strong, with increased movement from exchanges into self-custody portfolios, a classic signal that investors expect positive price action in the coming weeks.

Experts also point out that the upcoming ETF product could increase liquidity and reduce supply pressure as more coins are locked into long-term investment products.

The combination of increasing network activity, portfolio growth and institutional interest could be the fuel needed for further price increases.​

XRP Price Technical Analysis: Signs of a Key Reversal

Looking at the technical side, XRPThe weekly chart signals a crucial moment for traders and investors. After rebounding from a low near $1.02 earlier in 2025, XRP reached a high around $3.66 in July. The price then pulled back but held above the 50- and 200-week simple moving averages (SMA), key support levels at $2.52 and $1.02, respectively.​

The recent move back above the 50-week SMA is an important bullish sign, especially as the ETF story unfolds. Buyers defended the $2.45-$2.60 support zone. If this range holds, technical data suggests a potential push towards the previous high of $3.66, with intermediate resistance near $3.00.​

XRPUSDT Analysis source: Tradingview

Short-term indicators offer a mixed to bullish outlook. The relative strength index (RSI) is at 47.35, which is neutral but leaves room for further upside if momentum builds. The MACD (Moving Average Convergence Divergence) histogram is flattening, indicating that bearish pressure is weakening and buyers may soon regain control.

The ADX at 23.66, while not signaling an extremely strong trend, is consistent with continued accumulation at these levels.​

If the bulls hold the price above $2.52 and buyers respond to any short dips, XRP could quickly climb towards the $3 zone once the ETF news becomes official. However, a drop below $2.45 could trigger short-term selling and see XRP support retest closer to the 200-week SMA at $1.02 before new buyers step in.

With the growing enthusiasm for ETFs and technical support at the moment, the XRP price story appears more bullish than not. The ETF’s decision, expected within weeks, could set the stage for the next big move as traders eye both $3 and new all-time highs if current trends continue.

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