TLDR
- XRP surged 9.5% in 24 hours, becoming the best-performing large-cap cryptocurrency
- The Depository Trust & Clearing Corporation officially listed multiple spot XRP ETFs, opening doors for institutional investment
- Ripple CEO Brad Garlinghouse discussed plans to tokenize real-world assets from traditional finance
- XRP futures open interest reached $10 billion, showing strong trader participation
- Technical indicators show bullish momentum with RSI above 60 and support at $2.30
XRP reached $2.53 on November 10, 2025, marking a 9.5% increase over 24 hours. The price movement made it the top performer among the 25 largest cryptocurrencies by market cap.
The Depository Trust & Clearing Corporation listed several spot XRP exchange-traded funds. This listing gives institutional investors a regulated way to gain exposure to XRP without buying the token directly.
Many institutional investors require publicly traded vehicles to invest in digital assets. The ETF listings address this need. News of the listings spread quickly across social media platforms.
XRP futures open interest climbed to $10 billion according to CoinGlass data. This figure represents total outstanding derivative contracts. The high open interest level indicates continued trader participation in XRP markets.
ETF Approval Expectations Build
Traders are watching the Securities and Exchange Commission for potential approval decisions. Bitcoin and Ethereum already have approved spot ETFs. Market participants believe XRP could be next in line for approval.
🚨The US government will reopen ANYTIME!
💥THE SPOT #XRP ETFs ARE READY TO GET APPROVED BY THE SEC💥 pic.twitter.com/xZFQ1EBKXL
— JackTheRippler ©️ (@RippleXrpie) November 10, 2025
The optimism around ETF approval is driving increased trading activity. XRP’s current price sits above its support level of $2.30. Resistance appears near $2.75.
Technical indicators point to continued buying pressure. The Relative Strength Index stands above 60. The MACD line is approaching a bullish crossover pattern.
$XRP RSI breaking out, you’re not bullish enough! pic.twitter.com/kGrbt9RlZI
— STEPH IS CRYPTO (@Steph_iscrypto) November 11, 2025
Ripple CEO Discusses Asset Tokenization
Brad Garlinghouse spoke at a recent conference about Ripple’s strategy. He said the company has been acquiring assets in traditional finance. The goal is to bring crypto-enabled solutions to traditional financial companies.
Garlinghouse emphasized tokenization of real-world assets. He believes this approach will add value over time. Traditional financial companies currently dominate this space.
XRP processes cross-border transactions in under five seconds. Transaction fees cost users a fraction of a penny. These features make the blockchain attractive for payment applications.
The price increase to $2.53 represents a 10.7% gain from the previous day. Trading volume increased alongside the price movement. If XRP breaks above $2.75 resistance, the next price target sits at $3.00.
