XRP posted the strongest rally among major crypto assets today following new signals that the U.S. government shutdown is coming to an end.
While the overall market is bullish today, XRP’s price action stood out. Specifically, XRP claimed a high of $2.57, marking a 12.22% increase on the day and outpacing Bitcoin, Ethereum, and other major cryptocurrencies.
Dom Kwok, co-founder of EasyA, noted the move in a tweet, saying, “XRP moving the most off gov’t reopening news shows you where demand is.”
His comment highlights how closely XRP’s price aligns with expectations surrounding regulatory progress, particularly spot XRP ETFs.
Kwok suggested that XRP’s price could rocket hard once the shutdown ends, driven by strong demand for XRP through ETFs.
🚀🚀🚀
— Dom Kwok | EasyA (@dom_kwok) November 10, 2025
ETF Window Reopens as SEC Prepares to Resume Activity
The U.S. Senate’s vote to advance a funding package has set the stage for the government to reopen within days. Once that happens, the SEC will regain full operational capacity, allowing pending ETF applications to move forward after more than a month of delays.
ETF analyst Nate Geraci recently said that the end of the shutdown “opens the floodgates” for spot crypto ETFs. He added that the first spot XRP ETF under the 1933 Securities Act could launch this week, aligning with the scheduled November 13 debut of Canary Capital’s XRP ETF.
Industry observers expect the incoming ETFs to attract significantly larger flows than 1940 Act products, such as the earlier REX-Osprey XRP ETF.
Developers Predict “Big Announcements” for XRP Once Government Reopens
Pro-XRP developer Vincent Van Code also hinted that major XRP announcements could follow immediately after the shutdown ends. His statement came after several issuers submitted final S-1 amendments, which included ticker symbols such as GXRP and XRPZ.
Meanwhile, Van Code expects official decisions to come about four weeks after the government reopens. This places potential approvals within a late November to early December window.
Analysts Say XRP ETFs Are “Not Priced In”
Despite today’s rally, some analysts argue that XRP remains far below the value levels that ETF-driven institutional demand could unlock. Community figure Zach Rector recently insisted, “XRP ETFs are not priced in.”
This view follows muted price action during the shutdown despite strong institutional accumulation.
CME Group’s XRP futures surpassed $26 billion in notional volume, and the REX-Osprey ETF recorded $130 million in assets.
Outlook
Ultimately, XRP’s strong reaction to the impending government reopening shows how sensitive the market has become to ETF news. As Kwok noted, today’s big price move reveals where traders and institutions are focusing their attention.
With the first XRP ETF under the 1933 Act set to launch in just a few days, XRP is entering a pivotal moment that could shape its adoption and long-term value.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
