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Finance Coach Says XRP Under $2 is a Blessing

Sam Wisdom Raphael
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Finance Coach Says XRP Under $2 is a Blessing

Amid the ongoing market turbulence, finance expert Coach JV has suggested that XRP trading below $2 is a blessing.

His comments come as XRP relinquishes the important $2.5 level, with the bears threatening steeper declines to new lows below the $2 support. Notably, the bearish turn of events has been a natural reaction to Bitcoin’s downward pressure, as it flirts with the $100,000 support, now trading for $101,914.

For context, multiple analysts have suggested that an XRP drop below $2 could be imminent as weakness dominates the scene. Income Sharks recently claimed that those who failed to buy XRP under $2 could soon get a chance to do so.

XRP Under $3 is a Blessing

While panic and frustration have spread across the market, Coach JV believes investors should see the downturn as a blessing. With Bitcoin a few legs away from losing the $100,000 support region and XRP already dangerously close to dropping below $2, the finance expert says this presents an opportunity.

“Bitcoin under $100K? XRP at $2? What a blessing,” he said in his recent post. According to him, most market participants would be disappointed should these events occur, and rightfully so.

Notably, if XRP ever drops below $2, investors who bought at the start of August would see their portfolio drop by at least 37%. This means a $100,000 investment would be worth only $63,000 at most. However, instead of looking at the event from this angle, Coach JV chooses to identify a silver lining.

“Most see disappointment; the disciplined see accumulation”

He noted that while most investors could see disappointment due to losses, those who maintain a disciplined mind would see an opportunity to accumulate more tokens. 

For context, after the collapse from $3.31 in January 2018, XRP mostly traded within a range of $0.3 and $0.7, giving investors an opportunity to buy more for less.

This opportunity lasted for seven years until the November 2024 rally. Following this run, the opportunity to buy XRP below $1 closed. Now, XRP has continued to trade between $2 and $3, and market experts such as Coach JV believe any dips below $2 would represent a chance to buy more for less.

This sentiment comes from a place of optimism. Specifically, these market commentators remain confident that XRP will recover from the current downturn and soar to impressive heights, with such price action potentially yielding massive returns for investors who bought at the current prices. Nonetheless, this remains speculative with no guarantees.

“This is where the patient become (sic) wealthy,” Coach JV said. According to him, when others who failed to see the vision begin chasing green candles as the rally begins, those who accumulated early would already be sitting on house money. 

Notably, this trend occurred during the November 2024 rally, when investors who ignored XRP at $0.5 suddenly entered the market amid the persistent green candles. 

K9 Finance Offers 20 ETH to Shibarium Hacker; Shiba Inu Dev Says Grab Free Money Before Offer Expires

Elendu Benedict
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K9 Finance Offers 20 ETH to Shibarium Hacker; Shiba Inu Dev Says Grab Free Money Before Offer Expires

K9 Finance has made a new bounty offer to the Shibarium bridge hacker, and Shiba Inu ecosystem stakeholders are urging the exploiter to take the deal this time.

“Grab free cash before the offer expires this time,” lead developer Kaal Dhairya urged in his Tuesday tweet. He encouraged the exploiter to do the right thing and take the increased bounty offer for the stolen KNINE tokens.

New Improved Offer from K9 Finance

Notably, Dhairya lent his voice to spotlight the new offer from K9 Finance, a staking affiliate of the Shiba Inu ecosystem. The platform called November 3 a “lucky day” for the Shibarium bridge hacker, as it offered an improved 20 ETH bounty to return the exploited KNINE tokens.

Notably, this marked a 300% increase from the earlier 5 ETH offered to the hacker. Notably, K9 Finance made the original offer a few days after the September 12 flash loan attack, noting that it would start to decay in five days. 

An on-chain message from K9 developers highlighted that the 5 ETH bounty was above the standard 10% bounty offered to white-hat hackers. However, the hacker failed to respond even after the Shiba Inu ecosystem team added 50 ETH to return all stolen assets.

Now, K9 Finance has offered 20 ETH to the hacker. The project shared the bounty contract, urging the hacker to review the source code and approve the bounty to spend the KNINE tokens. Recall that K9 Finance has blacklisted and frozen the tokens but cannot retrieve them; hence, the negotiation.

Hacker Responds

Interestingly, the Shibarium bridge hacker has now responded for the first time since the hack. On Tuesday, the hacker dropped an on-chain message urging K9 Finance to increase the offer to 50 ETH to recover all KNINE tokens.

The attacker stole 248 billion KNINE, worth over $717,000 at the time of the hack and $340,256 now. At the current market price, 50 ETH is worth $165,150, meaning the hacker wants a staggering 48.5% of the stolen fund’s value.

Notably, the hacker has liquidated some of the stolen funds. Specifically, he converted some USDT and USDC to Ethereum. Late in September, he sold all stolen BAD tokens for 3.2 ETH through MetaMask.

Shiba Inu Has Tightened Security

Meanwhile, the Shibarium bridge has resumed activity despite users still feeling the impact of the hack. Developers have also recovered 4.6 million BONE tokens linked to the hack through the StakeManager.

Going forward, the ecosystem developers have promised a tighter security measure to ensure that a similar event does not occur. They migrated over 100 contracts across Shibarium, Shiba Inu Metaverse, and ShibaSwap to multi-signature wallets and introduced a blacklist feature to block malicious accounts from participating in staking activities.

Elon Musk Post Sends DOGE-1 Token Soaring Over 300% Despite Crypto Market Slump

Zabi
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Elon Musk Post Sends DOGE-1 Token Soaring Over 300% Despite Crypto Market Slump

A brief but powerful comment from SpaceX CEO Elon Musk sparked a sharp rally in the DOGE-1 token early this week.

Responding to a post by Dogecoin enthusiast DogeDesigner, who resurfaced Musk’s 2021 pledge that SpaceX would “put a literal Dogecoin on the literal moon”, Musk replied: “It’s time.”

The two-word message instantly set off speculation that the long-awaited DOGE-1 lunar mission might be nearing launch. Traders reacted within minutes, sparking a massive rally in the DOGE-1 Satellite token, a Solana-based memecoin linked to the SpaceX project.

DOGE-1 Surges After Weeks of Decline

Before Musk’s post, DOGE-1 had been trading in line with the broader crypto downturn. Consequently, it reached a record low of $0.000282 earlier this week. The tweet flipped market sentiment almost overnight. In turn, it drove the token above $0.0011, marking an increase of more than 300% from November 3 levels.

Within 24 hours, DOGE-1’s market capitalization surged 367% to $9.17 million, according to market data. It later eased to around $7.9 million. However, it remained 337% higher than its November 2 all-time low.

DOGE-1 price chart | CoinMarketCap
DOGE-1 price chart | CoinMarketCap

SpaceX Connection Drives Renewed Interest

The DOGE-1 token is inspired by SpaceX’s DOGE-1 lunar mission, which was first announced in 2021. The project plans to send a small satellite into lunar orbit, carrying a display screen that will beam digital ads, images, and logos from space. Cameras on board will livestream the broadcasts to Earth through platforms such as YouTube and Twitch. 

Notably, the mission, partially funded with Dogecoin, has long been a symbolic representation of Musk’s playful relationship with crypto culture.

Trader “Mitch” Makes Timely Move

As the DOGE-1 price took off, blockchain analytics platform Lookonchain reported that a trader known as “Mitch” or “god.sol” quickly joined the rally. Specifically, he purchased 16.27 million DOGE-1 tokens for 100 SOL (about $14,800). Within hours, the value of his holdings climbed to roughly $18,500.

Mitch has gained a reputation in the memecoin space for quick, high-profit trades. In line with this reputation, he earned $2.8 million in previous cycles, according to Lookonchain.

Dogecoin Faces Opposite Trend Amid Whale Sell-Offs

While DOGE-1 thrived, the original Dogecoin (DOGE) struggled under heavy selling pressure from large holders. Data from Santiment revealed that wallets holding between 10 million and 100 million DOGE offloaded nearly 1 billion coins in recent days.

In a post on X (formerly Twitter), crypto analyst Ali Martinez noted that these outflows have been ongoing since mid-October. 

Dogecoin’s market capitalization has declined sharply, falling from $55.7 billion on October 28 to $24.4 billion today. Consequently, more than $30 billion in value has been eliminated within the span of a week. The token briefly fell to $0.1648, despite a modest 0.8% rebound in the last 24 hours.

Crypto Market Remains Under Pressure

The DOGE-1 rally stood out in an otherwise bearish crypto market. Ethereum tumbled 8.2% to a new low since July, Solana slid 4.9%, and TRUMP, another memecoin, fell 0.6% over the same period. 

Meanwhile, Bitcoin’s dominance climbed to 59.95%, indicating that investors were consolidating into the leading cryptocurrency while reducing exposure to riskier assets.

Canary Capital CEO Says XRP Is a Competitor to Wall Street

Abdulkarim Abdulwahab
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0
Canary Capital CEO Says XRP Is a Competitor to Wall Street

At the ongoing Ripple Swell conference, Canary Capital CEO Steven McClurg offered one of his strongest endorsements of XRP long-term position in global finance.

He stated that the XRP Ledger (XRPL) is emerging as a direct competitor to traditional Wall Street rails. His latest comments add to a series of bullish statements about XRP, including his well-known prediction of a $10 billion institutional inflow into XRP ETFs.

XRP Ledger as Financial Rails Competing with Wall Street

Speaking at Swell, McClurg described the XRP Ledger as a modern payments backbone to rival legacy systems.

“The way to think about XRP is to think of it as the XRP Ledger, and what that is, is financial rails,” he said. “Think about it as a competition for the financial system or competition on Wall Street. It’s the rails ecosystem that will help drive global payments.”

Drawing from his background as an emerging-market bond manager, McClurg noted that global remittance inefficiencies were among the earliest indicators that drew him toward crypto. He highlighted that workers sending money home often face fees between 8% and 15%. Meanwhile, blockchain-based rails like the XRPL can drastically reduce this cost.

Why XRP’s Use Case Strengthens the Case for an ETF

McClurg’s comments align with observations he shared in interviews earlier this year, in which he emphasized that XRP’s financial utility gives it an edge over other digital assets. In previous remarks, he argued that:

  • XRP is the most popular Wall Street crypto besides Bitcoin.
  • Its payment use case uniquely aligns with traditional financial services.
  • XRP ETFs could see $10 billion in inflows within their first month, potentially outperforming Ethereum ETFs.

He noted that while Ethereum ETFs suffered due to outflows from Grayscale’s ETHE trust, XRP does not carry the same structural disadvantages. Specifically, XRP doesn’t have native staking, meaning ETF investors aren’t losing out on yield by holding an ETF instead of the asset.

Notably, momentum for an XRP ETF has risen dramatically following the conclusion of the SEC’s case against Ripple. Franklin Templeton has filed an updated S-1 for its XRP ETF, targeting a near-term debut this month.

Franklin joins Canary Capital and Bitwise in updating XRP filings for a mid-November debut. Other managers, like Grayscale, could follow suit.

XRP as a Strong Institutional Product

With financial systems shifting toward on-chain settlement, McClurg believes XRP’s role in powering cross-border payments positions it as one of the strongest institutional products in the digital asset market.

Ripple recently highlighted how XRP and its stablecoin RLUSD are shaping the next generation of global payments. In a recent announcement, it noted how Ripple Prime, GTreasury, and Rail are working together to accelerate institutional adoption through a coordinated XRPL-focused ecosystem.

Here’s Impact on XRP Price If Corporate Treasuries Use It for FX Hedging

Sam Wisdom Raphael
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Here’s Impact on XRP Price If Corporate Treasuries Use It for FX Hedging

What could be the impact on XRP price if corporate treasuries decide to use XRP for foreign exchange (FX) hedging?

Notably, managing foreign exchange (FX) risk has become an important part of corporate treasury management. For the uninitiated, companies with international operations use FX hedging to protect their profits from currency swings.

FX Hedging Trends

According to Milltech, recent data from 2024 to 2025 shows that about 86% of European firms and 82% of North American firms hedge their FX exposure, with the global hedge ratio averaging 48%. 

Specifically, major corporations in the FTSE 350 and large U.S. firms have made the most effort in this regard with full-scale programs. In contrast, those who skipped hedging ended up taking losses in nearly 75% of cases in 2024.

Notably, treasurers mainly rely on forward contracts, which make up around 60 to 70% of hedging programs. Meanwhile, options and swaps account for 15 to 20% and 10 to 15% respectively. However, natural hedging covers another 20 to 40% of exposures. 

Despite the widespread use of these tools, many firms still face challenges such as high costs, complex analytics, and new risks around emerging market currencies. 

Could Corporate Treasuries Adopt XRP for FX Hedging?

This has contributed to hesitation from some treasuries. Globally, hedgeable U.S. dollar assets total about $33 trillion, according to Reuters. However, a large portion of that figure remains unhedged. Notably, expert projections suggest that total global corporate flows could grow exponentially in the future.

Amid these trends, treasury professionals have begun exploring new ways to handle FX exposure, including the potential use of crypto assets such as XRP. 

In theory, to implement this, companies could hold 5–10% of their surplus cash in XRP and use RippleNet or the XRP Ledger for cross-border payments. These transactions settle in three to five seconds, cost just fractions of a cent and could reduce both FX delays and payment costs. 

Also, they could convert foreign receivables into XRP, move them instantly, and then exchange them for another currency, limiting exposure to just seconds instead of days.

However, this approach is still experimental. XRP’s volatility, which ranges between 50% and 100% a year, is much higher than the 5–15% typical of major fiat currencies. As a result, XRP currently fits better as a payment and liquidity tool than as a direct hedging instrument. 

XRP Price if This Happens

Nonetheless, should any treasury decide to adopt XRP for this purpose, how this might affect XRP’s market price remains uncertain. So, we asked the AI chatbot Google Gemini for its view. 

According to Gemini, if treasuries began using XRP for even part of the projected $200 billion in annual FX hedging flows, XRP’s market cap could grow from about $153.7 billion to roughly $1.5 trillion. Notably, this would lift the token’s price to around $25, based on its 59.91 billion circulating supply.

XRP Price Prediction Gemini
XRP Price Prediction | Google Gemini

Interestingly, Gemini added that if institutional demand surged alongside retail speculation, supply tightened, and spot XRP ETFs gained approval, the price could go even higher. In such an extreme case, XRP could trade between $90 and $120, pushing its market value into the $5.4 to $7.2 trillion range.

XRP Price Prediction Google Gemini
XRP Price Prediction | Google Gemini

XRPL Was Not Built to Make XRP Price Go Up: Ripple CTO

Sam Wisdom Raphael
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0
XRPL Was Not Built to Make XRP Price Go Up: Ripple CTO

The Ripple CTO, David Schwartz, recently clarified that they did not create the XRPL to boost the XRP price, but to deliver an efficient payment network. 

His remarks came during a community discussion that began after the Balancer hack and later transformed into a debate over the XRPL’s design philosophy.

An XRP proponent had asked Schwartz how mechanisms like token burns or growing institutional inflows, especially from investment products such as a potential Grayscale XRP ETF, could support long-term network security and economic participation, particularly as transaction volumes increase.

XRPL Was Not Built to Make XRP Price Go Up

Schwartz responded by emphasizing that the XRPL’s design focuses on practical utility rather than speculation. He presented three points to explain his perspective.

First, he said that broader adoption of the XRPL naturally strengthens XRP’s value. Interestingly, this confirms what community commentator Kevin Cage suggested in August 2023. Notably, XRP holds a unique position on the ledger because it’s the only asset that exists without a counterparty. 

Specifically, it has no ties to any government, company, or jurisdiction, and it plays an important role in XRPL’s auto-bridging feature, which links different assets and enhances liquidity. Notably, this “privileged place” means XRP gains value as more people use the network.

Second, Schwartz said that short- and medium-term price trends depend more on stability and reliability than direct utility. He stressed that XRP’s major strengths would come from being scarce, fungible, censorship-resistant, and easy to store and move. 

Third, he emphasized that the original architects, including himself, did not build the XRPL to make XRP’s price rise. This comment comes despite his earlier confirmation that the adoption of the XRPL does improve its value.

Instead, its purpose is to provide a fast, low-cost, and secure infrastructure for payments and exchanges. Schwartz noted that while others at Ripple might see things differently, this represents his personal view.

Does the XRPL Have Middlemen?

Schwartz’s remarks followed a discussion within the XRP community, which came on the back of the Balancer hack, an exploit that drained over $120 million from the Ethereum-based project. 

Following the incident, xmoonkie, an XRP community member, argued that the hack showed the dangers of relying too heavily on smart contracts and intermediaries. He claimed that the XRPL was ahead of other blockchains because it used native features instead of third-party smart contracts or middlemen.

Another proponent, Dondropit, agreed, pointing to Schwartz’s past explanations that the XRPL prevents anyone from profiting from transaction fees, making it the only blockchain free of middlemen. 

However, one critic disagreed, saying Ripple and its founders benefited from XRP’s premine and that validators still act as intermediaries like Bitcoin miners.

Responding, Schwartz explained that XRPL validators don’t operate like miners. He said validators don’t get paid by users and don’t decide which transactions to include. Instead, they work together to order transactions and prevent double-spending across the network.

Crypto Market Crash Flips $33M Profit Into $26M Loss for Top Trader

Zabi
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Crypto Market Crash Flips $33M Profit Into $26M Loss for Top Trader

A once-unbeatable crypto trader has seen his fortune reversed after a sharp market correction turned a $33 million profit into losses exceeding $26 million, ending a near-perfect trading streak.

The well-known crypto trader, identified by the on-chain wallet 0xc2a3, has suffered a major setback following the sharp decline in digital asset prices.

According to blockchain analytics platform Lookonchain, the trader, who previously maintained a perfect record of 14 profitable trades, has now closed several long positions at a loss.

The downturn ended his winning streak and turned his performance upside down. He went from over $33 million in profits to more than $26 million in cumulative losses, according to on-chain data.

Losses Across Solana, Ethereum, and Hyperliquid

On-chain data shows the trader closed multiple long positions across major tokens. For instance, earlier today, he closed five long positions in Solana at a combined loss of $4.38 million and four Ethereum positions, incurring losses of $2.45 million. He then exited four Hyperliquid longs, which added another $701,288 to the total losses.

Despite the setback, the wallet still holds approximately $1.4 million in perpetual equity, indicating the trader remains active in the market.

Broader Market Sell-Off Pressures Traders

These losses came amid a broader sell-off across the cryptocurrency market. Bitcoin dropped below $100,000 for the first time since May, while Ethereum fell to its lowest level since July. Similarly, other major altcoins, including Solana, XRP, and BNB, also declined by more than 5% within a single day.

Moreover, according to liquidation data from CoinGlass, roughly $2.10 billion worth of positions were wiped out in 24 hours. Of that total, $1.68 billion came from long positions, highlighting how many traders were caught on the wrong side of the market.

ETF Flows Signal Investor Caution

Furthermore, market unease extended into exchange-traded funds. On November 4, Bitcoin spot ETFs recorded net outflows of $566.4 million, while Ethereum ETFs saw $219.4 million withdrawn.

Interestingly, Solana spot ETFs registered $14.9 million in inflows, suggesting selective investor confidence despite broader weakness.

Institutional Players Double Down on Bitcoin

Amid the market chaos, Michael Saylor, founder of Strategy, announced a new addition to his company’s Bitcoin reserves. Specifically, the firm acquired 397 BTC for approximately $45.6 million, averaging $114,771 per Bitcoin. According to Strategy, its year-to-date Bitcoin yield stands at 26.1% for 2025.

As of November 2, 2025, Strategy holds 641,205 Bitcoins, making it the world’s largest corporate holder of the cryptocurrency. The company acquired this stake for around $47.49 billion, paying an average of $74,057 per coin.

Shiba Inu Falls to 23-Month Low—How Worse Can It Get for SHIB

Elendu Benedict
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Shiba Inu Falls to 23-Month Low—How Worse Can It Get for SHIB

Shiba Inu has continued to show weak momentum, with the latest capitulation pushing prices to a level last seen nearly two years ago.

The broader market onslaught has not spared Shiba Inu, the second-largest meme coin by market cap. SHIB made another downward push on Tuesday, dropping to a 23-month low of $0.00000837. For perspective, Shiba Inu last visited this price level on January 3, 2024.

In the most recent market slump, the meme coin dropped to an intraday low of $0.00000827 on Tuesday before rebounding to close at $0.00000957.

Remarkably, this does not take into consideration the October 10 flash crash, which showed different lows on several exchanges. On Binance, SHIB dropped to $0.00000678, but the nature of the price collapse and conflicting figures have caused confusion as to its actual extent.

Intense Shiba Inu Price Weakness

Now, while Shiba Inu has rebounded from the latest drop to trade at $0.00000904 at the time of writing, it has shown intense price weakness lately. Data from CoinMarketCap shows the doggy-themed meme coin has retraced by 11% over the past seven days and 28% in the past month.

Investors who bought at the start of the year would have lost more than half of their money—specifically, 57%—as Shiba Inu has underperformed significantly despite Bitcoin’s run to unprecedented prices multiple times this year.

Furthermore, several bullish ecosystem developments were unable to buffer the prevailing bearishness in the asset’s price. The Crypto Basic reported increased burn rates and a drop in the Shiba Inu exchange reserve, both of which should be bullish for SHIB.

The meme coin also saw its first ETF filing after a long period of anticipation. Specifically, $1.7 trillion asset manager T. Rowe Price filed for a Shiba Inu spot ETF late in October, suggesting institutional traction. Yet, SHIB has continued to see lower prices.

How Worse Could It Get for SHIB?

Amid the downtrend, Shiba Inu has now lost all moving average support. After several failed attempts to reclaim the 200-day exponential moving average (EMA), SHIB has lost several key indicators.

It dropped below the 200-day, 50-day, and 20-day MAs with its flash crash on October 10 and has sustained its trend below. Notably, SHIB retested the MA20 at $0.0000099 in late October, but the recent downtrend prevented it from breaking above.

How low can Shiba Inu get? Analysis indicates that the next significant support level lies around $0.000006, an area that historically cushioned price dips during the 2022/2023 bear market. The possible 33% retracement could happen if the 11-month Shiba Inu consolidation extends further.

However, if Shiba Inu sees a relief pump, analysts expect a run to $0.0000115, $0.00001172, and possibly $0.00001220.

Here’s What 10,000 ADA Will Be Worth if Cardano Flips Ethereum

Lele Jima
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Here’s What 10,000 ADA Will Be Worth if Cardano Flips Ethereum

Analysis suggests that early investors could potentially reap substantial gains on their investments if Cardano surpasses Ethereum in global cryptocurrency rankings. 

The ongoing bearish trend in the broader crypto market has continued to weigh heavily on Cardano’s performance. Over the past week, ADA has recorded the steepest decline among the top 10 cryptocurrencies by market capitalization. 

According to data from CoinMarketCap, ADA has dropped 6.81%, closely followed by Dogecoin, which has a 6.14% loss. This downturn has kept Cardano firmly in the 10th position, a spot it has held for over a month. 

Top 10 crypto performance
Top 10 crypto performance

While it still maintains its place among the top 10 crypto assets, Cardano, at some point appears poised to challenge Ethereum for dominance. Back in September 2021, ADA briefly ranked as the third-largest cryptocurrency, ranking behind Ethereum. However, the milestone did not last as ADA plummeted heavily from the position, currently finding itself in the 10th position. 

Current Value of 10K ADA

Despite the current downturn, we examined the potential implications for investors holding 10,000 ADA in the event that Cardano surpasses Ethereum in market value. 

While many investors have frowned at Cardano’s recent price slump, many still consider it an opportunity to buy more ADA at lower prices. For instance, at the current price of $0.6104, investors can procure 10,000 tokens for $6,104. 

Such a purchase would have cost approximately $8,910 when ADA traded around $0.891 a few weeks ago, or about $13,200 when the token was priced at $1.32 in December 2024. Notably, it currently costs around $6,104 to buy 10,000 ADA from a trading platform. 

Value of 10K ADA if Cardano Overtakes Ethereum

The value of this modest investment could rise significantly if ADA surpasses Ethereum, potentially becoming the second-largest cryptocurrency globally. Currently, the market cap difference between Cardano and Ethereum is substantial. While Ethereum is valued at $465.43 billion, the market cap of Cardano is approximately $21.89 billion, indicating that ETH’s valuation is 21.26 times larger than ADA’s at present. 

To overtake Ethereum, Cardano must reach a valuation of $470 billion, representing a 2,047% increase from its current market cap. Given its circulating supply of 35.86 billion tokens, this valuation translates to a unit price of $13.1.

This implies that one ADA will trade at $13.1 if Cardano overtakes Ethereum today by reaching a market cap of $470 billion. At $13.1, a portfolio of 10,000 ADA would be valued at $131,000, representing an ROI of $124,896. 

Points to Note 

This projection aligns with the $13 price target shared by a popular stock analyst behind the BasicTradingTv account on TradingView. It also appeared in our earlier analysis, which estimated ADA’s potential valuation if it were to surpass Ethereum by 2030. 

However, according to Changelly, Cardano could reach a lofty target of $13 in the second half of 2032, approximately seven years from now. Even if ADA achieves this milestone, it wouldn’t necessarily mean the project would surpass Ethereum in global crypto rankings, as ETH is also expected to record substantial price gains over the same period. 

Bloomberg Analyst Predicts Timeline for Franklin XRP ETF Launch

Abdulkarim Abdulwahab
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0
Bloomberg Analyst Predicts Timeline for Franklin XRP ETF Launch

The race to launch the first wave of U.S. spot XRP ETFs is intensifying again with new timelines for debut emerging.

Bloomberg ETF analyst James Seyffart has revealed that Franklin Templeton has submitted an updated S-1 registration statement for its XRP ETF. According to Seyffart, the firm shortened its Form 8(a) language to make the ETF set for a near-term market debut. 

Specifically, he noted that Franklin Templeton is “looking to launch [its XRP ETF] this month.”

Crypto in America journalist Eleanor Terrett also confirmed the development. She highlighted that Franklin Templeton now joins Canary Capital and Bitwise as issuers that recently updated their XRP S-1 filings.

This wave of updates suggests a coordinated push across the industry to take advantage of the current regulatory window as the U.S. government remains in shutdown.

Geraci’s Two-Week Window Aligns With New Filings

Notably, the string of updated S-1s supports recent expectations from ETF expert Nate Geraci, who projected that a new set of spot XRP ETFs could go live within two weeks, targeting mid-November.

Among the current contenders, Canary Capital appears to be the closest to launch. After removing the delaying amendment from its S-1 last week, Canary’s spot XRP ETF automatically becomes effective 20 days after filing. This places its estimated debut around November 13.

The firm previously used this strategy for its Litecoin and Hedera products, both of which successfully launched despite the ongoing U.S. government shutdown. Analysts expect the same mechanism to give Canary an early lead in the XRP ETF race.

Shutdown Pressures Issuers Toward Auto-Effective Filings

The prolonged government shutdown has significantly slowed SEC operations. As a result, issuers like Franklin Templeton and Bitwise are leaning on the auto-effective pathway to bypass delays.

SEC Chair Paul Atkins recently endorsed this mechanism for companies seeking to roll out new products. This has given issuers more confidence to proceed without full regulatory engagement.

More Issuers Expected to Join the XRP ETF Fast-Track

With Franklin Templeton now joining Canary Capital and Bitwise in updating S-1 filings, industry watchers expect other major issuers like Grayscale, 21Shares, CoinShares, and WisdomTree to follow suit.

Notably, the first U.S. XRP ETF by REX Osprey went live in September and has already accumulated approximately $105 million in assets.

Bitwise’s Matt Hougan and Canary Capital’s Steven McClurg predict that the combined inflows into upcoming XRP ETFs could surpass $10 billion within months of their debut. Based on this expectation, analysts are projecting double-digit price actions for XRP this year and early 2026.

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