Reports from the Ripple Swell 2025 conference show growing interest in XRP. Traders and fund managers are watching November closely.
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According to speakers at the event, several timetabled moves could push more money into the token in the short term.
Canary Capital ETF Timetable
Canary Capital’s spot ETF is set to go live after an updated S-1 filing, with a possible automatic launch 20 days later on November 13.
Reports from the stage cited Steven McClurg, CEO of Canary Capital, as confirming the update. That filing removed an amendment clause that would have given the SEC greater control over the product’s effective date.
Based on reports, the timeline could still shift if the SEC returns questions or if government operations change, but for now November 13 stands out as a key date.
Retail And Whale Activity Cool
CryptoQuant charts show retail trading activity has cooled since the big sell-off on October 10, when about $19 billion was wiped out in a single day.
Small investors have pulled back into a neutral zone, which some analysts read as cautious waiting rather than exit. At the same time, large on-chain moves to exchanges have dropped sharply — from roughly 49,000 on October 25 and 44,000 on October 11 to about 800 on a recent Friday.
That fall in whale-to-exchange transactions suggests fewer big sellers are moving funds to exchanges right now.
“The last half of November is going to be big for $XRP and @Ripple,” said @TeucriumETFs CEO @GilbertieSal during a recap of #RippleSwell Day 1. Head on a swivel ladies and gentlemen… Believe! pic.twitter.com/mw9VLuRUCB
— rayfuentes (@RayFuentesIO) November 5, 2025
Institutional Signals
Speakers at Swell pointed to increasing institutional interest. Teucrium CEO Sal Gilbertie told audiences that the last half of November could be very important for XRP, tying that view to broader trends in tokenization and institutional flows.
Citibank projections cited at the event say tokenized assets could hit trillions within five years, and other panelists mentioned planned moves by traditional finance players.
Based on reports, Circle also has plans to begin trading public equities in early December, which some see as another nudge toward more mainstream involvement.
Advice From Market Players
Gilbertie urged holders to focus on the long term. “Believe in it. Don’t worry about volatility. It will even out as adoption comes and more institutional money enters,” he said.
That view was shared by other commentators who pointed out that ETF listings and institutional onboarding have historically changed how markets price assets.
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What To Watch Next
Market participants will track the SEC process, any additional filings, and whether the government calendar affects the ETF start date.
On-chain signals — like whale transfers and exchange flows — will also be watched closely. For now, reports suggest a mix of wariness among retail traders and growing institution-level interest, with November 13 marked as a date many are watching.
Featured image from Unsplash, chart from TradingView
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