XRP Slips as ETF Filings Loom

XRP has slipped to roughly $2.41–$2.52 this week, down about 3–5% in 24 hours and roughly 19% over 30 days, while daily trade volume jumped nearly 80% and market cap sits around $144.78 billion. Technical and on-chain indicators point to weakness — a hidden bearish divergence between price and RSI, NUPL near local highs, and roughly a 50% drop in 1‑day to 1‑week holder supply — leaving support at $2.31 (and potentially $2.18) vulnerable. Traders are watching two near-term catalysts: the Ripple Swell conference on Nov. 4–5 and growing speculation around spot XRP ETFs. Recent filings have amplified ETF optimism: Bitwise’s Amendment No.4 names the NYSE and a 0.34% fee and analysts say such moves can precede approval, possibly allowing a launch in about 20 days, while Canary’s filing positions a potential Nov. 13 start if Nasdaq approves its 8‑A. Market commentators point to the strong debuts of recent spot crypto ETPs and Ripple CEO Brad Garlinghouse’s framing of XRP as an infrastructural bridge as reasons supporters believe institutional demand could rise if ETFs are approved.