XRP Today News: Ripple Swell 2025 is coming, can BlackRock's presence trigger a breakthrough?

The Ripple Swell conference in 2025 is approaching, and XRP will be the focus. This year is different as the SEC lawsuit against Ripple has been resolved, and the conference will invite speakers from BlackRock, Nasdaq, BNY Mellon, Citigroup, and even the White House. Given BlackRock's silence regarding the iShares XRP Trust fund plan, its appearance suggests that there may be unexpected news announced.

Ripple Swell 2025 Speaker Lineup Reveals Transformation

The hype for Ripple Swell 2025 is on the rise, and the list of keynote speakers highlights the changes in the cryptocurrency landscape since Trump's election as president and the resolution of the Ripple case. This conference, held in New York City, will invite speakers from BlackRock, Nasdaq, Bank of New York Mellon, Citigroup, and even the White House, a level of institutional participation that was unimaginable last year.

BlackRock's attendance is the most eye-catching highlight. Given that BlackRock had previously remained silent about the iShares XRP Trust Fund plan, this appearance suggests that there may be unexpected news announced. BlackRock has been dominant in the cryptocurrency spot ETF space, with its flagship product, the iShares Bitcoin Trust (IBIT), accumulating net inflows of $64.9 billion since its inception. Although IBIT will not launch until January 2024, its asset size has already ranked among the top 30 ETFs globally.

Since its establishment, the U.S. Bitcoin spot ETF market has accumulated a net inflow of $61.15 billion, with IBIT's participation playing a crucial role in Bitcoin reaching a historic high of $125,761 in October 2025. Ethereum has also benefited from BlackRock's strong influence, with the iShares Ethereum Trust (ETHA) reporting a total net inflow of $14.2 billion, while the net inflow in the U.S. Ethereum spot ETF market has reached $14.4 billion.

Market experts predict that the demand for XRP spot ETFs will be similar to that of BTC spot ETFs and ETH spot ETFs. However, BlackRock's participation could send a stronger bullish signal. If BlackRock announces the launch of the iShares XRP Trust at Ripple Swell 2025, it would be the most significant catalyst in today's XRP news.

The government shutdown unexpectedly creates opportunities for ETF applications

As the U.S. government shutdown enters its 33rd day on Monday, November 3, Ripple Swell may coincide with a series of activities related to XRP spot ETFs. Notably, the U.S. Securities and Exchange Commission's General Listing Standards (GLS) for commodity-based stocks, along with the government shutdown, have led to adjustments in the timeline. GLS allows issuers to list cryptocurrency and commodity ETFs on exchanges without going through the SEC's typical review process, which can last up to 240 days.

However, the U.S. government shutdown has delayed the launch of the XRP spot ETF, which the issuers had applied for before receiving approval for the universal listing standards in September. Notably, this shutdown has provided BlackRock with an opportunity to launch the XRP spot ETF according to the universal listing standards set by the U.S. Securities and Exchange Commission. This change in the regulatory environment may allow BlackRock to bypass the traditional lengthy approval process and accelerate its entry into the market.

Renowned cryptocurrency commentator Marty Party refuted claims regarding BlackRock's plan to exit the XRP spot ETF market in August, stating that after multiple communications, this news has been confirmed as false, and that both SOL and XRP ETFs are currently in discussions with BlackRock. Nate Geraci, president of NovaDius Wealth Management, also believes that BlackRock will enter the XRP spot ETF market, having previously stated, “I certainly believe that BlackRock will apply to launch spot XRP and SOL ETFs.”

Market expectations for the eventual launch of an XRP spot ETF, along with favorable legislation for cryptocurrencies, remain important factors driving the development of XRP. The launch of the iShares XRP Trust will further solidify XRP's growing position in the mainstream market.

Technical Analysis: Key Price Levels and Breakout Paths

(Source: Trading View)

On Sunday, November 2, XRP rose by 0.95%, closing at $2.5288. The token outperformed the overall cryptocurrency market, which increased by 0.37%. Following a decline of 11.84% in October, XRP continues to trade below the 50-day and 200-day exponential moving averages (EMA), indicating a bearish trend. However, certain events may trigger a reversal of the downward trend.

XRP Today News Technical Key Levels

The Ripple Swell conference in 2025 is approaching, and XRP will be the focus. This year is different as the SEC lawsuit against Ripple has been resolved, and the conference will invite speakers from BlackRock, Nasdaq, BNY Mellon, Citigroup, and even the White House. Given BlackRock's silence on the iShares XRP Trust Fund, their appearance suggests that there may be unexpected announcements.

Support Levels: $2.5, $2.35, $2.2, $2.0, and $1.9

50-day moving average resistance level: 2.6506 USD

200-day moving average resistance level: 2.6062 USD

Resistance Levels: $2.62, $2.8, $3.0, and $3.66

Despite the decline in October, the trading range of XRP is gradually narrowing at the beginning of November. The current trend indicates that new volatility is imminent, with the market's focus on the U.S. Senate, spot ETFs, and the Office of the Comptroller of the Currency (OCC). A breakout above the upper band will be key for XRP to hit new highs.

(Source: Trading View)

In a bullish scenario, if the U.S. government reopens, BlackRock submits the S-1 filing for the iShares XRP Trust, blue-chip companies increase their XRP holdings to bolster treasury reserves, and Ripple obtains a U.S. chartered bank license, these positive events could drive the token price towards $2.62, opening the door for a retest of $2.80. If the price continues to break through $2.80, bulls may set their sights on the psychological level of $3.0, with the potential to challenge the historical high of $3.66.

(Source: Trading View)

In a bearish scenario, if BlackRock vetoes the plan to launch an XRP spot ETF, the ongoing U.S. government shutdown continues to delay approvals, and the U.S. Senate raises questions about cryptocurrency-friendly legislation, including the Market Structure Bill, these negative events could cause the XRP price to drop below $2.5, with $2.35 potentially becoming the next support level.

Recent Catalysts and Long-term Outlook

The key to today's XRP news lies in the convergence of multiple catalysts. In the short term, the U.S. Senate vote, the delay or launch of the XRP spot ETF, BlackRock's iShares XRP Trust plan, the demand from blue-chip companies for XRP as a treasury reserve asset, Ripple's application for a U.S. banking charter, the market structure bill, and news related to SWIFT may all drive recent price trends.

The recent trend of XRP depends on Capitol Hill and the market demand for the XRP spot ETF. If institutional demand for the spot ETF meets expectations and the “Market Structure Act” is ultimately submitted to President Trump’s desk, then the token may reach a new high. Analysts expect strong institutional demand for the XRP spot ETF, which could drive the token to set a new high.

Ripple Swell 2025 may redefine the future of XRP, as top speakers and ETF speculation will ignite investor enthusiasm. BlackRock's silence has intensified speculation about the iShares XRP Trust, which could trigger a new wave of institutional demand.