XRP News Today: XRP Faces $10 Challenge as ETF Expectations Meet Solana Competition and Ongoing Regulatory Doubts

Ripple's

is on the verge of a significant breakout as both regulatory progress and institutional interest gain momentum. A recent refers to XRP as a "$180 billion empire," emphasizing the token's renewed strength amid speculation that U.S. spot ETF approvals could push its price to $10 or beyond in 2025. This positive outlook is driven by several factors: unprecedented inflows into XRP investment products, a rising trend of institutional treasury adoption, and XRP's positioning as a leading contender against new competitors such as .

Ripple-supported company Evernorth Holdings has become a major force, amassing $1 billion worth of XRP to establish an institutional-level treasury. Headed by former Ripple executive Asheesh Birla, Evernorth intends to launch a publicly traded XRP treasury product on Nasdaq under the ticker

, following a structure similar to gold-backed ETFs, . Alongside this, XRP investment products saw $84.3 million in weekly inflows by late October, , reflecting increasing institutional trust. Evernorth's portfolio—388.7 million XRP—has already yielded an unrealized gain of $85.5 million with XRP trading near $2.66, .

XRP's underlying metrics are improving. Its market capitalization reached $157.19 billion by late October, with a 24-hour trading volume of $4.91 billion. Experts believe the next major price surge will depend on ETF approvals, which could unlock substantial institutional investment. Currently, seven U.S. spot XRP ETF proposals are awaiting SEC decisions, expected by November 14,

. Polymarket data indicates a 99% likelihood of approval before year-end, , while JPMorgan estimates initial inflows could reach $4–$8 billion.

The launch of the Solana ETF, which saw $56 million in trading volume on its first day, has heightened the competitive landscape,

. Nevertheless, XRP's practical applications—such as $364 million in tokenized real-world assets on the XRP Ledger (XRPL) and Ripple's established global payments network—set it apart, according to Coinotag analysts. RippleX's Luke Judges called XRP "the king" in a social media post, drawing a comparison to Solana's recent collaboration with Western Union for a stablecoin initiative.

Ripple's escrow mechanism, which releases 1 billion XRP each month from a reserve of 35 billion tokens, remains a key topic. CTO David Schwartz recently explained that Ripple can sell rights to these escrowed tokens, potentially impacting market supply. Meanwhile, projects like Remittix (RTX) and Digitap (TAP) are gaining attention as possible "XRP 2.0" successors. Remittix, which has secured $27.7 million in private investment and offers a real-world crypto-to-fiat transfer solution, and Digitap, aiming to simplify international payments with Visa-backed cards, showcase ongoing innovation within the ecosystem,

.

Despite the current bullish trend, there are still risks. XRP's TD Sequential indicator recently signaled a potential sell near $2.80, and some analysts caution that a drop to the $1.35–$1.46 range could occur before any recovery. Additionally, the SEC's postponed ETF decisions—delayed by the government shutdown—add further uncertainty.

XRP's future depends on regulatory developments and increased institutional participation. With Evernorth's upcoming Nasdaq listing, anticipated ETF approvals, and a strong market cap, XRP is well-placed to benefit from a potential crypto surge in 2025. However, competition from Solana and new projects like Digitap, along with ongoing regulatory challenges, will influence its direction.