XRP is up about 5% daily, but there is a major price warning from a prominent analyst.
ETF updates
Following Canary Capital’s changes filed last week, here’s the latest on that front. One includes a new filing from 21Shares, which, like some of the recent filings, does not include a “deferral amendment.” This could mean that the product is ready to see the light of day 20 days after submission. In the case of 21Shares’ applications, this date is November 27, unless the U.S. Securities and Exchange Commission objects.
21PART FILES 8(A) FOR SPOT $XRP ETF
ETF MAY AUTOMATICALLY GO LIVE AROUND NOV. 27 IF SEC DOES NOT ACT pic.twitter.com/0IfjtAI0X0
— The Wolf of All Streets (@scottmelker) November 7, 2025
Franklin Templeton also recently updated its S-1 filing, and the XRPZ application is now positioned of the Depository Trust & Clearing Corporation (DTCC).
Current data from Polymarket still shows that expectations for a spot XRP ETF to hit US markets this year are above 99%. Moreover, many industry experts believe that the first product of this type could go live as early as next week.
But there are price warnings
Despite all this progress on the ETF front, as well as the positive news about the company behind the token such as investment rounds and new acquisitions, XRP whales continue to be involved in substantial sell-offs. Data from Ali Martinez shows that these major market participants have sold another 500,000 tokens in the last 48 hours alone, building on their previous offloads.
Consequently, the analyst is not too optimistic about the future price development of the asset. Although Interestingly, IncomeSharks made a similar prediction a few days ago, indicating that those looking to buy XRP at prices below $2.00 might soon be able to do so.
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$1.90–$2 looks like a magnet for $XRP! pic.twitter.com/6AqLsTwrkY
— Ali (@ali_charts) November 8, 2025
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