Momentum is building around XRP as 21Shares officially filed for its spot XRP exchange-traded fund (ETF), triggering a 20-day countdown to potential effectiveness under Section 8(a) of the U.S. Securities Act.
The filing, confirmed by Bloomberg ETF analyst Eric Balchunas on November 8, 2025, signals growing institutional interest in XRP just as prominent traders predict a new bullish phase for the cryptocurrency.
ETF Filing Could Accelerate XRP Institutional Adoption
The latest Form S-1 Amendment No. 3 filed by 21Shares confirms plans for the 21Shares XRP ETF, a move that could bring one of the most traded digital assets under the regulated ETF umbrella. Section 8(a) filings are often used by issuers ready for activation, suggesting 21Shares anticipates limited SEC resistance following recent approvals for Bitcoin and Ethereum spot products.
Balchunas noted that the “20-day clock is now in effect,” implying the ETF could automatically go live if no objections are raised. Industry watchers view this as a milestone for XRP’s institutional journey, especially after years of regulatory uncertainty and court battles involving Ripple.
Analysts Eye Major Technical Breakout
At the same time, popular crypto analyst Dark Defender reaffirmed a bullish long-term XRP structure, noting that the token has now completed its “Monthly 3rd Wave” and entered a 5th Wave expansion phase, a pattern often associated with large upward moves in Elliott Wave theory.
According to his latest chart analysis, key support sits at $2.22, while upside targets range from $5.85 to $10, depending on market momentum. The analyst believes November could mark a turning point for sentiment, with many traders “revising charts and turning bullish” as the 21Shares filing boosts confidence.
ETF Momentum Meets Technical Optimism
The combination of ETF progress and strong technical setups has reignited optimism within the XRP community. If approved, the 21Shares XRP ETF would not only expand institutional access but also strengthen XRP’s position among regulated digital assets, alongside Bitcoin, Ethereum, and potentially Dogecoin, following Bitwise’s recent DOGE ETF filing.
Traders argue that these developments could create a feedback loop of renewed investor interest, increasing liquidity and validating XRP’s long-term utility in payments and remittances.
Outlook
With both regulatory and technical catalysts aligning, XRP may be entering one of its most pivotal months in years. Should the spot ETF approval proceed without delay, and if market momentum holds, analysts suggest XRP could reprice sharply, reinforcing its status as one of the most closely watched altcoins heading into the end of 2025.