XRP Price Jumps 2% To $2.51— Here’s Why Bulls Are Suddenly Targeting $3
XRP (CRYPTO: XRP) rose 2% to around $2.51 on Friday after regulatory progress on its pending spot ETF fueled fresh market optimism.
ETF Optimism Triggers Fresh Buying
The rally followed an update from Canary Capital, which amended its S-1 filing for the proposed XRP spot ETF by removing the “delaying amendment.”
According to Cointelegraph, the procedural change allows the registration to become auto-effective, clearing the path for launch on Nov. 13.
Traders interpreted the move as a signal of imminent approval, sparking renewed speculative positioning after weeks of muted price action.
Market participants view the ETF as a gateway for institutional inflows that could strengthen liquidity in XRP markets.
On-Chain Data Shows Early Accumulation
XRP Netflows (Source: Coinglass)
According to Coinglass data, XRP saw $3.96 million in positive …
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