XRP Ledger’s XLS-56 Proposal Set to Transform NFT Trading with Atomic Swaps

The XRP Ledger is making waves in the NFT space with its innovative XLS-56 proposal, which introduces batch transactions for seamless peer-to-peer NFT trading. This groundbreaking feature, currently undergoing testnet validation, promises to eliminate intermediaries by enabling atomic swaps of multiple NFTs and payments in a single transaction. As of November 2025, this development positions XRP as a serious contender in the evolving digital asset ecosystem, potentially boosting adoption and utility for the cryptocurrency.

XRP Ledger Proposes Batch (XLS-56) for Streamlined NFT Trading

The XRP Ledger ecosystem is poised to revolutionize NFT transactions with its newly proposed Batch (XLS-56) feature. Validator Vet's testnet experiments confirm the technical viability of bundling NFT minting and payments into a single atomic transaction—enabling direct peer-to-peer swaps without intermediaries.

This upgrade allows multi-asset exchanges in one step: five NFTs for two, all settled on-chain simultaneously or not at all. Currently holding 68.57% validator support, the proposal needs 80% approval to activate. Ripple's adoption of XRP Ledger for cross-border payments lends institutional credibility to these NFT innovations.

XRP Posts 12% Weekly Rally Amid Institutional Adoption Momentum

XRP notched its strongest weekly performance since July 2025, climbing 12% to trade at $2.63 as dominance surged to 4.22%. The token outperformed all top-10 cryptocurrencies this week, extending its 52-week gain to 355% - eclipsing both Bitcoin and ethereum since the 2024 election cycle.

Institutional interest appears accelerating with the Rex Osprey XRP ETF crossing $100 million in assets under management within four weeks of launch. The fund represents the first US-listed vehicle offering spot exposure to XRP, coinciding with Ripple's rebranding of Hidden Road to Ripple Prime - a strategic push for institutional adoption.

Derivatives markets show mixed signals: open interest expanded 22% to $4.26 billion, though whale positioning remains cautious with net short accumulation. The rally comes despite relatively muted large investor participation, suggesting broader market forces may be driving momentum.

Indian Court Blocks WazirX's XRP Redistribution After $230M Hack

The Madras High Court has intervened to prevent WazirX from redistributing a user's 3,532 XRP tokens as part of its loss socialization plan following a July 2024 security breach that resulted in $230 million in losses. Justice N. Anand Venkatesh ruled that cryptocurrencies qualify as property under Indian law, establishing that digital assets belong to users rather than exchanges.

Zanmai Labs, WazirX's Indian operator, was ordered to provide an $11,500 bank guarantee equivalent to the frozen XRP holdings. The landmark decision extends legal protections to Indian users despite the exchange's Singapore-based parent company Zettai Pte Ltd overseeing restructuring proceedings.

While WazirX resumed operations on October 25, 2025 with 95.7% creditor approval, users report receiving only 30% of expected funds amid verification delays. The ruling sets a precedent for crypto asset ownership rights in India's evolving regulatory landscape.

Ripple-Backed Evernorth Amasses $1B XRP Treasury Ahead of Nasdaq Listing

Evernorth, a digital asset treasury firm with ties to Ripple, has aggressively expanded its XRP holdings to over $1 billion. The firm now controls 388 million XRP, bolstered by a 50 million transfer from Ripple co-founder Chris Larsen and a 338 million infusion from Ripple itself.

The expansion coincides with Evernorth's planned public debut via SPAC merger on Nasdaq by Q1 2026. Former Ripple executive Asheesh Birla is spearheading the strategy to create the largest institutional XRP treasury, capitalizing on growing investor interest as XRP prices surge 10% weekly.

Market observers note the timing aligns with increased institutional crypto adoption, particularly for payment-focused assets like XRP. The SPAC merger aims to raise over $1 billion for further XRP accumulation, signaling confidence in the asset's long-term valuation.

SEC Delays XRP ETF Review Amid Government Shutdown, Institutional Interest Remains Strong

The U.S. Securities and Exchange Commission has postponed its evaluation of XRP exchange-traded funds due to a federal government shutdown, impacting filings from major asset managers including Grayscale, Bitwise, and Franklin Templeton. Market participants interpret the delay as procedural rather than a rejection signal, with no material withdrawal of institutional capital.

Firms are pivoting to derivatives like CME XRP futures to maintain exposure, reflecting sustained demand. Analysts project approval by year-end, citing undiminished institutional appetite—recent surveys indicate over 70% of crypto-focused funds plan XRP ETF allocations upon regulatory clearance.

Ripple's strategic moves underscore long-term preparation. Its newly announced RLUSD stablecoin, custodied by BNY Mellon, is designed for seamless integration with future ETF settlement systems. The infrastructure play suggests confidence in eventual approval, with the stablecoin expected to reduce friction in institutional XRP transactions.

EasyA Founder Predicts XRP Could Reach $1,000 Amid Institutional Interest

Dom Kwok, co-founder of EasyA, has doubled down on his bold prediction that XRP could eventually hit $1,000 per token. His comments came in response to a user's frustration about limited merchant acceptance of XRP for payments. Kwok's advice was succinct: "Hold it until it reaches $1,000."

The resolution of Ripple's legal battle with the SEC appears to have reignited institutional interest in XRP. Kwok emphasizes long-term growth potential over immediate utility, pointing to increasing developer activity and institutional adoption as key drivers. While such a price target faces skepticism, some investors remain bullish on XRP's multi-year trajectory.

Market observers note that Kwok's $1,000 prediction implies a market capitalization that WOULD dwarf most current cryptocurrencies. Yet the very audacity of the claim underscores the polarized nature of XRP sentiment post-regulation clarity. What remains uncontested is that XRP now operates in a fundamentally different legal environment than during its SEC litigation.