XRP recovered 4.59% Friday to $2.3140 as spot ETF momentum intensified, with multiple issuers filing amended S-1s to bypass SEC delays from the ongoing government shutdown , which had earlier affected the bullish XRP price 1 Capital removed the delaying amendment language, potentially positioning for the November 13 launch. Bitwise, Franklin Templeton, and 21Shares followed, racing for first-to-market 2 token trades 7.72% down for November following October’s 11.84% decline, leaving the price below the 50-day and 200-day EMAs as traders monitor death cross confirmation. Post-Swell volatility drove a 36% correction from $3.60 3 Race Accelerates Through Shutdown Loophole SEC Generic Listing Standards permit commodity-based ETF listings without requiring traditional 19b-4 approval, which can take up to 240 4 removing delaying language, issuers can launch after 20 days without SEC 5 strategy circumvents shutdown-linked delays as the SEC operates with a skeleton 6 Capital gains a potential first-mover advantage, as competitors are launching shortly 7 ready: Canary XRP ETF (XRPC) is coming 8 info available in prospectus: 0 9 — Canary Capital (@CanaryFunds) November 7, 2025 CoinShares, Grayscale, and WisdomTree await reopening unless filing amended 10 Wealth Management President Nate Geraci called potential launches the “ final nail in coffin of previous anti-crypto regulators, ” highlighting the shift from the SEC’s Ripple legal battle to Paul Atkins’ Project Crypto 11 Cross Concerns Battle Ichimoku Strength XRP tests support at $2.32 with a bearish projection targeting the $1.90-$2.00 zone, representing a 14-17% additional 12 50-day and 200-day EMAs converged ahead of a potential death 13 support sits at $2.60-$2.70, with the critical zone at $2.00-$2.55.) November 8, 2025 The near-term trajectory continues toward $1.90-$2.10 as the death cross drives technical selling, and post-Swell profit-taking 14 to this support determines whether structural strength translates to accumulation or breakdown.
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