XRP Could Drive The ‘Biggest Economic Shift’ In Decades: Crypto Expert

Canary Capital Group is making waves in the financial world with its proposed XRP spot ETF, now set to launch on November 13 after a recent update to its SEC filing. This development is significant as it could pave the way for broader acceptance of cryptocurrencies in traditional finance, attracting more investors and potentially boosting the market.

On October 31, the crypto market experienced a significant downturn as major cryptocurrencies like Bitcoin, Ethereum, and XRP saw declines due to a wave of long liquidations that wiped out nearly $900 million in leveraged positions. This drop has led to a 1.5% decrease in the global market capitalization, now at $3.7 trillion. This matters because it highlights the volatility and risks associated with investing in cryptocurrencies, impacting traders and investors alike.

Dogecoin has experienced a significant drop of 5.5%, breaking through the crucial support level of $0.1940 amid a spike in trading volume. This decline is concerning for investors as it indicates potential instability in the cryptocurrency market, raising questions about the future performance of Dogecoin and similar assets. Understanding these fluctuations is essential for anyone involved in cryptocurrency trading.

XRP has seen a significant drop of 5%, now trading at $2.47, as bearish market forces have broken through a crucial support level. This decline is concerning for investors, as it indicates a potential shift in market sentiment and raises questions about the future stability of XRP. Understanding these market movements is essential for anyone involved in cryptocurrency, as they can impact investment strategies and overall market health.

Dogecoin has seen a significant drop in value, falling about 20% in the last month and roughly 30% since the start of 2025, which has left many traders and casual holders feeling uneasy. Despite this downturn, Dogecoin remains one of the largest cryptocurrencies with a market cap close to $28 billion. Interestingly, some analysts believe that this dip could be the precursor to potential gains, especially considering Dogecoin's origins as a meme coin. This situation highlights the volatility of the cryptocurrency market and the mixed sentiments among investors.

XRP is showing signs of a potential bull run reminiscent of its 2017 surge, with analysts noting increased institutional interest and favorable trading patterns. Currently trading between $2.50 and $2.70, XRP could be on the verge of a significant upward movement, fueled by factors like ETFs and treasury flows. This resurgence is important as it highlights the growing confidence in cryptocurrencies among institutional investors, which could lead to broader market stability and growth.

XRP futures have officially launched for US traders on the Webull platform, utilizing the Coinbase derivatives system. This development is significant as it opens up new trading opportunities for investors interested in XRP, a cryptocurrency that has gained considerable attention in recent years. By enabling futures trading, Webull and Coinbase are enhancing the accessibility and versatility of cryptocurrency investments, potentially attracting more traders to the market.

Ripple is on the verge of a significant breakthrough in traditional finance as its application for a national trust bank charter is now in the final review stage. This move could reshape the financial landscape, allowing Ripple to expand its services and enhance its credibility in the banking sector. The outcome of this review by the US Office of the Comptroller of the Currency is crucial, as it could pave the way for Ripple National Trust Bank to operate officially, marking a new chapter for the company and its role in the financial ecosystem.

NEAR Protocol has successfully reduced its annual token inflation rate from 5% to about 2.4% through a recent network upgrade. This change is significant as it aims to enhance the economic model of the protocol, but it also raises questions about governance since the community vote to approve this adjustment did not meet the necessary threshold. The outcome highlights ongoing discussions within the community regarding decision-making processes and the future direction of the protocol.

Canary Capital Group is making waves in the financial world with its proposed XRP spot ETF, now set to launch on November 13 after a recent update to its SEC filing. This development is significant as it could pave the way for broader acceptance of cryptocurrencies in traditional finance, attracting more investors and potentially boosting the market.

Deutsche Bank and DWS are making waves in the cryptocurrency world with their EURAU stablecoin, which is now expanding across major blockchains thanks to Chainlink's CCIP protocol. This multichain capability is significant as it enhances the stablecoin's accessibility and usability, potentially attracting more users and investors. As the demand for compliant and reliable digital currencies grows, EURAU's expansion could position it as a key player in the evolving financial landscape.

The Shiba Inu cryptocurrency is facing a significant downturn as its open interest has plummeted to levels not seen since 2024, contrasting sharply with the rising trends of Bitcoin and Ethereum. This decline is concerning for investors and enthusiasts, as it suggests a lack of confidence in the meme coin's future. The stark difference in performance highlights the challenges Shiba Inu faces in maintaining relevance in a competitive market, raising questions about its sustainability moving forward.

In a groundbreaking move, Venezuela is set to integrate Bitcoin and stablecoins into its banking network, marking a significant step towards modernizing its financial system. This integration is expected to enhance financial inclusion and provide citizens with more stable and accessible payment options amidst ongoing economic challenges. The move not only reflects a growing acceptance of cryptocurrencies in traditional finance but also positions Venezuela as a potential leader in the digital currency space, which could attract foreign investment and boost the economy.

The EU's new ProtectEU mandates are raising serious concerns as they propose on-device scanning before encryption, effectively creating a two-tier security system. This means that while states can encrypt their communications, ordinary citizens may face increased surveillance. This shift towards a system that resembles digital feudalism is alarming, as it undermines privacy and security for individuals, making it crucial for us to discuss the implications of such policies.