Late October 2025 was a key moment for XRP to USD.

While uncertainties in the macro environment constrained the broader cryptocurrency market, long-term fundamentals and short-term market buzz saw XRP gaining momentum.

Signalling heightened institutional interest in XRP, the first US spot-XRP exchange-traded fund (ETF) surpassed $100 million in assets under management (AUM) in its first month.

At the same time, to accumulate XRP as a core treasury asset, a Ripple-backed company filed plans to raise over $1 billion in a US listing, according to FX Empire. Reuters says if the deal is closed as expected in the first quarter of 2026, it will create the largest publicly traded XRP treasury company.

To explain how the above developments impact the price of XRP to USD, the definitions of three key mechanisms demand a closer look.

Three key mechanisms impacting XRP to USD

Reducing available supply purchases on a large scale via exchange-traded funds (ETFs) or treasury holdings signals confidence (and support price): institutional flows.

Regulatory clarity and market access, such as ETF approvals, widen the base of potential buyers and reduce the friction cost for large investors.

Macro factors such as interest rates, risk-asset sentiment, and liquidity shape the broader environment in which cryptocurrencies trade. When markets feel shaky, traders tend to pull back, but looser policies reignite risk appetite.

As a macro factor, the government shutdown amplified uncertainty. When ETF approvals or institutional onboarding are delayed, the price of XRP to USD may struggle to break higher. However, when clarity returns, it could spark renewed momentum.

For XRP specifically, a dedicated treasury company holding large amounts of XRP reflects a shift away from speculative trading towards real-world adoption. It increases the “float” risk (i.e., less available supply), elevating the perception of XRP as a corporate reserve asset rather than just a utility token.

Together with the spot-ETF achieving meaningful AUM, demand gains momentum. Technically speaking, XRP is trading around $2.60 and, as such, it has broken above near-resistance levels. If flows continue, it points to a potential breakout.

XRP to USD values to watch include support close to $2.30 to $42.50, and resistance close to $3.00 or above. If XRP can remain strong above resistance, it could pave the way for more upside. However, if it slips back below support, some downside pressure could return.

XRP to USD followers must monitor three metrics: Firstly, institutional flow data – how much flows into XRP-related ETFs or treasury holdings. Secondly, milestones in regulation or approval, especially around ETF launches or bank licenses tied to the XRP ledger. Thirdly, and lastly, the broader market backdrop – it is mainly shaped by sentiment about risk assets, central bank interest rate decisions, and the availability of liquidity.

Conclusion

XRP to USD in the short term looks promising. However, the three metrics – persistent fundamentals – determine whether a move is just a sharp spike or a sustained trend. As is the case with all digital asset investments, volatility is high, and due diligence is crucial.