XRP Bullish Breakout Gains Momentum As ETF Launch Nears And Market Awaits $3 Target

XRP has experienced a tremendous rise due to the anticipation of the first US XRP-spot ETF. On the 10th of November 2025, the digital currency broke through significant resistance levels, which showed that the bulls were once again the confident ones in the market.The breakout happened simultaneously with the US Senate’s decision to lift the government shutdown, which had a favourable effect on risk assets like XRP. This scenario contributed positively to the already ongoing bullish breakout in XRP as investors expected institutional buying once ETFs start trading.One of the central reasons for the bullish sentiment is the proposed XRP-spot ETF by Canary Capital. The company submitted an amended S-1 in October to eliminate the “delaying amendment” clause, thus allowing a potential 13 November 2025 launch. With the US government back in action and the regulators being short-staffed, the approval might come quicker than one thinks. Speculation has converted the XRP price hike into a powerful movement even before the ETF listings.Although the ETF is the most talked-about issue, legislative support is also a very important factor. The US Senate’s progress on the Market Structure Bill is making it easier to understand the rules concerning digital asset trading. The bipartisan support in Congress has not only aided the hopes for long-term crypto adoption but has also strengthened them. US House Committee Chair French Hill commented that the bill would introduce “clear rules of the road,” which are necessary for building up investor confidence.In July, the House passed the bill with 78 Democrats supporting it, thus lifting XRP’s price by 14.69%. This demonstrates how sensitive XRP is to the changes in the US legislation. The Market Structure Bill’s passage could facilitate a massive influx of institutions and provide XRP with greater acceptance in the financial markets that are subject to regulation.The US Treasury and the IRS provided another catalyst to the situation. Treasury Secretary Scott Bessent gave his blessing to the new rules, thus allowing the crypto exchange-traded funds to stake digital assets and distribute staking rewards to the investors. Such an announcement was a confidence booster to fund managers and made crypto exposure more or less legitimate.

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