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- Gemini hints that XRP could make a major announcement soon, amid growing expectations for an Exchange Traded Fund (ETF) launch.
- Experts have disclosed that the spot XRP ETF could be launched in November.
US crypto exchange Gemini has triggered excitement within the XRP community after dropping a teaser in its recent tweet. In the post made on November 2, Gemini delivered a short and coded message, stating: “Next week’s looking real XRP coded.” While no specific mention was made, this post has “created a room” for speculation as community members try to figure out what this could be.
What Could the Upcoming Ripple’s (XRP) Announcement Be?
It is known that Gemini does not create such posts for fun, as its previous coded message in August was followed by the Gemini XRP credit card launch on August 25. At that time, it was disclosed that this major initiative was done in collaboration with MasterCard, Ripple, and WebBank.
As detailed in our earlier publication, the credit card was issued by WebBank and followed the design of Gemini’s existing cashback cards. Holders are reported to earn up to 4% back in XRP on some selected purchases.
Already, it is publicly known that major XRP Exchange Traded Fund (ETF) news could be made in November after October passed without any launch. It is currently expected that the Canary Capital’s XRP ETF could be launched on November 13, a day after the stipulated deadline for Grayscale’s spot Hedera ETF, which was discussed earlier.
Canary Capital is reported to have recently amended its S-1 filing to get rid of delay clauses. They did the same for the Hedera and Litecoin ETFs, and it worked.
Renowned ETF expert and president of ETF Store, Nate Geraci, has also predicted that the much-anticipated launch of spot XRP ETFs could be witnessed in two weeks. Meanwhile, this is not the only event expected this month.
The 2025 edition of the annual Swell conference is being hosted by Ripple between November 4 and November 5. According to the information available, the Director of Digital Assets for BlackRock, Maxwell Stein, will speak at the event along with Moody’s Investors Service’s Rory Callagy. Some of the topics of discussion would be on crypto payments, real-world adoption, stablecoins, and regulations.
As mentioned in our earlier news story, the Executive Director of the Presidential Council of Advisors on Digital Assets at the White House, Patrick Witt, would also deliver a keynote address.
Whatever the announcement may be, investors expect that it will act as a major catalyst to cause a massive turnaround in the market price of XRP. At the time of writing, XRP was trading at $2.2 and had recorded losses across all the major trading sessions.
According to CoinMarketCap data, XRP has fallen by 6% in the last 24 hours, 15% in the last seven days, 26% in the last 30 days, and 23% in the last 90 days. Meanwhile, trading activities remain high as the daily volume surges by 101% to $7.1 billion. As indicated in our earlier analysis, XRP could likely reach $10 if the bull market returns.
