Spot ETF Approval Could Propel Token to $3.

XRP price struggled to maintain momentum on November 3, hovering around $2.40 as the broader crypto market slipped into a bearish phase. The token fell below the $2.5, indicating investor hesitation during a market-wide selloff that wiped out $395 million in liquidations in leading cryptocurrencies.

There is also optimism of a U.S. spot ETF approval of XRP, something that would get it to a rally of perhaps $3 despite its short-term weakness. Bitcoin price hovered below $108k, while Ether and SOL also recorded similar losses, amplifying fears of continued volatility..

Nonetheless, the regulatory milestone that is expected can serve as a significant catalyst to the recovery of XRP price, which will trigger a second wave of bullish momentum when market conditions stabilize.

Spot XRP ETF Launch Within Weeks

According to ETF analyst Nate Geraci, a spot XRP exchange-traded fund (ETF) will be launched within two weeks. He referred to such the possible launch as the last nail in the coffin of regulators who still stand against cryptocurrency. His remarks have given the crypto market hope, and this has been viewed by many as a move in the direction of wider adoption.

The ETF will offer direct exposure, and not limited to exposure through derivatives, to XRP in case it is approved. This renders it more attractive to individuals who would want to have the real possession of the digital resource. Recent SEC approvals of spot Bitcoin and Ethereum ETFs also give more hope to XRP price inclusion.

Large companies such as Grayscale, Bitwise, and Canary Capital have submitted XRP ETFs and are awaiting approval by SEC. Previous decisions had been stalled by the U.S government shutdown, notably missing the October 17 deadline by Grayscale.

Meanwhile, Canary Capital updated its application with the goal of launching November 13. With regulatory momentum growing, market watchers anticipate a green light could come any day now.

Sometime in next two weeks, I expect launch of first spot xrp ETFs…

SEC had open litigation against Ripple for past five years, up until three months ago.

IMO, launch of spot xrp ETFs represents final nail in coffin of previous anti-crypto regulators.

Have come a *LONG* way.

— Nate Geraci (@NateGeraci) November 3, 2025

XRP Price Eyes Bullish Rebound Soon

At the time of writing, the Ripple price traded at $2.40, showing a  market sell-off.  The 4-hour chart shows that the token has faced a sharp pullback from the $2.70 resistance zone, returning to the $2.40 support region.

The Relative Strength Index (RSI) is approaching 34.80, which shows that XRP is going into the oversold zone. This implies that bearish momentum will soon be exhausted, and a short-term recovery will be possible in case of an increase in buying interest.

The Moving Average Convergence Divergence (MACD) indicator is in the negative by a margin with slight bearish movement.

If bulls manage to defend the $2.40 level, the XRP price forecast could rebound toward $2.70, the next resistance zone. Any breakout above this point would set the stage of a run to a potential 24% upward run, beginning with current price to $3.00

Conversely, being below $2.40 could put the token in a position of additional losses to $2.20, where the demand is likely to pick up the token.

To sum up, the short-term prediction of XRP depends on the possible spot ETF approval, which may initiate a robust bullish recovery. Should market sentiment pick up and regulation transparency ensue, the XRP price can potentially re-rocket and hit the $3 resistance point in the near future.