XRP Price Prediction: $2.69 Breakout in Sight as Franklin and Bitwise ETFs Go Live
XRP has topped $2.24, so over the past 24 hours, it is up a modest 1.15%. Daily volume remains strong at over $5.2 billion...
Quick overview
- XRP has reached $2.24, showing a modest 1.15% increase in the last 24 hours with a daily volume exceeding $5.2 billion.
- Excitement is building for Franklin Templeton's XRP ETF (EZRP) launching on November 18th, inspired by the success of Canary Capital's XRPC ETF.
- Analysts remain bullish on XRP despite a minor pullback, viewing it as healthy consolidation in a soft market.
- With two ETFs launching this week, XRP is poised for a pivotal trading window that could lead to a significant breakout above $2.50.
XRP has topped $2.24, so over the past 24 hours, it is up a modest 1.15%. Daily volume remains strong at over $5.2 billion, and the live market cap has edged up to $134.6 billion. There’s a growing sense of excitement building ahead of Franklin Templeton’s XRP ETF (EZRP) going live on November 18th on the CBOE – a move that’s been inspired by the success of Canary Capital’s XRPC ETF, which racked up a whopping 58 million dollars in its first day of trading alone – that’s the highest ETF launch of 2025 so far.
This is a real turning point for XRP’s story as an institutional investment – Franklin Templeton’s S-1 filing shows regulators are moving fast on this, and experts think EZRP is going to give Canary’s fund a real run for its money.
Adding fuel to the fire, Bitwise will also be launching their own XRP ETF on November 20th, just two days after EZRP – that’s going to get things interesting for XRP-linked investment products.
Analysts Stay Bullish Despite Minor Pullback
While XRP has dropped back a bit from its highs, analysts are actually seeing this as a healthy bit of consolidation in a very soft market. EGRAG Crypto noted that the 15% drop is nothing compared to historical ETF corrections. Javon Marks also noted that XRP has always come back strong after a bit of skepticism – he’s thinking about that 6X rally we saw in the last market cycle.
Meanwhile, data from Ripple Bull Winkle shows a real surge in investor interest: Canary’s ETF opened with a whopping $245 million in just one day, beating BlackRock’s Bitcoin ETF debut of $111 million. That shows you how far institutional appetite for XRP has come.
XRP/USD Technical Setup: Triangle Pattern Tightens
Looking at the charts, XRP/USD is still stuck inside a symmetrical triangle – lower highs and higher lows are all converging since early October. The price is hovering around $2.21, just below the 20-EMA and the 200-EMA, suggesting we might see near-term resistance. But the fact that it keeps bouncing back from that ascending trendline is a clear sign we’ve got buyers stepping in around $2.14.
If it breaks above $2.30, the next target zones are $2.52 and $2.69. But if it drops below $2.14, that’s a different story altogether – that would signal weakness and could see it drop to $1.99 or even $1.85.
XRP/USD Outlook: High Liquidity Meets High Stakes
With two ETFs going live this week and institutional money pouring in, XRP is about to enter one of the most pivotal trading windows of 2025. Analysts are predicting a real surge in liquidity, visibility, and investor interest, which is setting the stage for a potential breakout above $2.50 – if that happens, a confirmed bullish reversal could set off a massive uptrend for XRP.
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