XRP Price: New ETF Filing Could Lead to Automatic Approval by November 27

TLDR

• 21Shares filed Amendment No. 3 to Form S-1 for its spot XRP ETF, starting a 20-day SEC review period
• XRP price jumped 5% to $2.32 within an hour of the filing announcement
• The ETF could automatically go live around November 27 if the SEC does not intervene
• Franklin Templeton and Grayscale also made recent adjustments to their XRP ETF filings
• Canary Capital is targeting November 13 for its own XRP ETF debut pending Nasdaq approval

XRP price rose 5% to $2.32 after 21Shares submitted a key amendment for its proposed spot XRP exchange-traded fund. The filing triggers a 20-day review period with the Securities and Exchange Commission.

The document, known as Amendment No. 3 to Form S-1, was filed under Section 8(a) of the Securities Act of 1933. This section allows the ETF to go live automatically if the SEC does not respond within the review window.

ETF analyst Eric Balchunas confirmed the filing on social media platform X. Market expert Scott Melker noted the fund could begin trading around November 27 if the SEC remains silent.

The XRP community responded with increased buying activity following the news. Trading volumes spiked as the price climbed from its previous level.

In technical analysis, traders sometimes refer to massive upward price movements as “god candles.” One community member predicted such a move could happen within a month.

A similar price surge occurred in July 2023. Judge Analisa Torres delivered a partial ruling favoring Ripple in its legal case. XRP price jumped 70% following that decision.

Other ETF Filings Align

The 21Shares filing comes days after Franklin Templeton and Grayscale made changes to their own XRP ETF applications. Franklin Templeton removed regulatory language from its S-1 registration statement.

The company eliminated the same 8(a) clause that previously required explicit SEC clearance before launch. Analysts view this change as preparation for a November rollout.

Grayscale filed its second amendment for converting its proposed XRP Trust. The filing designated key executives and legal counsel. This step typically happens before launch timelines.

Canary Capital is targeting November 13 for its XRP ETF debut. The fund awaits final approval from Nasdaq.

Payment Volume Context

RippleNet processed $57.7 billion in total payment volume during the quarter ending September 30, 2025. The network is known for low fees and quick transaction times.

PayPal handled $458.1 billion in payment volume during the same quarter. The comparison highlights the difference in scale between the two payment systems.

XRP currently trades around $2.20 after reaching an all-time high of $3.56 in July. The current market cap based on circulating coins stands at $134 billion.

The fully diluted market value, considering all 100 billion coins created at launch, reaches $220 billion. Ripple keeps approximately 40 billion coins in reserve accounts.

XRP accounts remain steady in number. RippleNet continues operating as an international payment service with its existing banking partnerships.

If one or more XRP ETFs launch this month, the token would join Bitcoin and Ethereum in the spot ETF market.

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