The broader cryptocurrency market was gripped by palpable anticipation on October 28, 2025, with XRP firmly in the spotlight, maintaining a trading price of $2.60. This valuation follows a stretch of considerable market turbulence, notably a recent, punishing 50% plunge that severely tested investor resilience. According to the latest figures, XRP registered a marginal decline of 1.52% from its prior closing price, navigating a tight intraday range between $2.58 and $2.68 throughout the day's session.
The immediate future path for XRP is intrinsically tied to the regulatory actions of the U.S. Securities and Exchange Commission (SEC) concerning the numerous applications for spot XRP Exchange-Traded Funds (ETFs). While some earlier reports had pegged the initial decision window between October 18 and 25, 2025, the pervasive regulatory ambiguity continues to loom large over the asset. The SEC currently has seven distinct spot XRP ETF applications under active consideration. This critical regulatory process means that definitive rulings are now expected to be delivered by November 14, effectively resetting the timeline for investor expectations.
Despite the recent price weakness, analysts like Cryptoinsightuk maintain a staunchly bullish outlook on XRP’s long-term structural integrity, dismissing the recent downturn as merely a transient reallocation of market liquidity. A significant regulatory hurdle was cleared when XRP met the mandatory requirement of six months of futures trading necessary for ETF approval by the close of November. This achievement substantially improves the prospects for a potential U.S. spot ETF launch before the conclusion of 2025. Interestingly, while the American regulatory machine moves slowly, XRP ETFs are already operational and trading successfully in both Canada and Brazil.
Price projections among market participants exhibit considerable divergence. Near-term analytical forecasts for the remainder of October place the price range between $2.87 and $3.25, with upside potential reaching $3.30 to $3.62 should market conditions prove highly favorable. Furthermore, sophisticated machine learning models project a slightly higher range, estimating XRP will trade between $2.95 and $3.45 by the close of October 31, 2025. Taking a far more aggressive stance, investor Jake Klaver has publicly stated his belief that XRP could soar to $100 by the end of 2025. This ambitious target is predicated on the expectation of approximately $550 billion in new liquidity flooding the market post-ETF approval, mirroring the massive capital injection witnessed following the successful launch of the Bitcoin ETF.