XRP ETF Approval on Horizon as U.S. Shutdown Nears End, Trump Advisor Suggests
The prolonged U.S. government shutdown, now entering its fourth week, may finally see a resolution this week, according to Kevin Hassett, a former economic adviser to the Trump administration. This development could pave the way for significant regulatory decisions in the cryptocurrency space, particularly the approval of an XRP ETF, which has been highly anticipated by investors. Hassett highlighted that moderate Democrats could play a crucial role in reopening federal agencies, and a failure to reach an agreement might lead to further delays. The potential end of the shutdown is seen as a bullish signal for XRP and the broader crypto market, as it would allow stalled regulatory processes to move forward. With the current date being November 14, 2025, market participants are closely watching for any updates that could catalyze a rally in XRP's price. The approval of an XRP ETF would not only validate the asset's legitimacy but also provide a new avenue for institutional investment, potentially driving its value to new heights. This scenario underscores the interconnectedness of political developments and cryptocurrency markets, where regulatory clarity often serves as a key driver of price action. As the situation unfolds, the crypto community remains optimistic about the prospects for XRP and other digital assets in the near term.
U.S. Shutdown to End This Week? XRP ETF Approval May Follow, Says Trump Advisor
The U.S. government shutdown, now in its fourth week, may soon conclude. Kevin Hassett, a Trump administration economic adviser, suggests a resolution could emerge this week, potentially unlocking stalled crypto regulatory decisions—including the long-awaited XRP ETF ruling.
Moderate Democrats hold the key to reopening federal agencies, according to Hassett. Failure to reach a deal may prompt the administration to escalate measures. Market analysts interpret these developments as bullish for risk assets, with cryptocurrencies poised to benefit from renewed regulatory clarity.
The SEC's operations remain paralyzed during the shutdown, creating a backlog of pending approvals. A resolution WOULD restart critical reviews, including the XRP ETF application that has drawn significant market interest.
OCC Chief Dismisses Stablecoin Bank Run Concerns Amid Market Growth
OCC Acting Comptroller Jonathan Gould reassured banking professionals that stablecoin-related deposit outflows would occur gradually, not abruptly. Speaking at the American Bankers Association convention, Gould emphasized these digital assets present competitive tools rather than systemic risks to community banks.
The stablecoin market capitalization has surged 47% year-to-date, reaching $302 billion. Major issuers including Circle and Paxos are now pursuing federal banking charters, signaling institutional maturation. Meanwhile, banking groups are lobbying Congress to regulate stablecoin yield products offered by non-bank entities.
XRP Stabilizes at $2.43 After 42% Flash Crash Recovery
XRP holds steady at $2.43, marking a 1.1% decline over 24 hours as traders assess the aftermath of last week's violent 42% flash crash. The October 11 plunge to $1.64 triggered a 164% surge in trading volumes before partial recovery, with bulls now defending the $2.40 support level.
Technical damage from cascading liquidations lingers, with October 17's 5.82% drop signaling potential retests of $2.00 support. The absence of fundamental catalysts leaves chart patterns driving price action, while XRP continues decoupling from Bitcoin's trajectory amid mixed crypto market performance.
Ripple’s $1 Billion Move and National Bank Ambition Draw Mixed Reactions
Ripple's acquisition of GTreasury for $1 billion marks a strategic push into traditional finance, leveraging blockchain to enhance banking systems. The deal, serving 1,000 clients across 160 countries, aligns with growing institutional demand for digital asset infrastructure.
Criticism from SWIFT's CIO Tom Zschach, citing Ripple's alleged lack of client trust and regulatory capital, was swiftly countered by crypto lawyer Bill Morgan. Morgan highlighted Ripple's U.S. national bank charter application as evidence of its regulatory progress, framing the GTreasury integration as a mirror of banks' own digital asset adoption.
The clash underscores the tension between legacy financial players and crypto-native firms vying for dominance in the evolving payments landscape.
XRP Price Eyes Massive Rally as Ripple CTO Shares Exciting Update
XRP price drew renewed interest after Ripple CTO David Schwartz joined Evernorth as a strategic advisor. The firm plans to debut on Nasdaq through a $1 billion SPAC transaction under the ticker XRPN, aiming to create the largest institutional XRP treasury.
Evernorth intends to use raised funds to purchase XRP on the open market and expand its DeFi ecosystem. At press time, XRP traded NEAR the mid-$2 range as traders assessed resistance levels between $2.55 and $2.65.
Schwartz described Evernorth as a 'regulated, scalable investment vehicle' designed to unlock XRP opportunities in capital markets. The Nasdaq listing is expected to close in Q1 2026.
XRP Price Forecast: Is Ripple’s Token Preparing for a Major Comeback?
XRP, Ripple's native token, faces a critical juncture as it struggles to reclaim upward momentum amid sustained selling pressure. The token hovers near $2.45 after a sharp drop from its weekly high of $2.55, reflecting broader market corrections. Key support at $2.71 has flipped to resistance, with technical indicators like RSI and MACD signaling bearish momentum—yet on-chain data suggests whale accumulation at current levels.
Market participants are watching for a potential rebound as Ripple's ecosystem expands. The MACD's early convergence hints at a possible trend reversal, while subdued trading volumes underscore cautious sentiment. The coming days will test whether XRP can overcome regulatory uncertainties and reclaim lost ground.
