XRP Surges 7.5% as Franklin Templeton and Grayscale ETFs Drive Institutional Momentum
XRP has gone up a lot in the last 24 hours, rising over 7.5% to trade at more than $2.23 as of this writing. The increase comes at a turning
Quick overview
- XRP has surged over 7.5% in the last 24 hours, trading at more than $2.23, driven by the launch of several spot ETFs on NYSE Arca.
- Institutional interest is strong, with Bitwise seeing $118 million in inflows during its first week and Franklin Templeton's XRPZ ETF attracting significant attention.
- Technical analysis indicates a cautiously positive outlook for XRP, with key support levels around $2.00 and potential resistance near $2.30.
- Ripple's ongoing developments, including a push for a U.S. national banking license and partnerships with banks, bolster long-term optimism for XRP.
XRP XRP/USD has gone up a lot in the last 24 hours, rising over 7.5% to trade at more than $2.23 as of this writing. The increase comes at a turning point for the cryptocurrency: the launch of several spot exchange-traded funds on the NYSE Arca, such as Franklin Templeton’s XRPZ and Grayscale’s GXRP. Bitwise and Canary Capital are also getting into the market, which means that there are now several regulated options for institutional investors to get their hands on Ripple’s native token.
XRP ETF Inflows Signal Strong Institutional Appetite
The market response has been really good. Bitwise had about $118 million in inflows during its first week of trading. Franklin Templeton’s aggressive fee-waiver plan, which charges 0% on the first $5 billion in assets until May 2026, has also gotten a lot of interest. The statistics from NYSE Arca showed that 768,692 shares of XRPZ were exchanged quickly after the introduction, which shows that there was a lot of initial interest.
XRP saw $179.6 million in weekly inflows, which is very different from the large withdrawals from Bitcoin and Ethereum ETFs at the same time. This rotation shows that investors are actively looking for altcoins with stronger fundamentals and clearer reasons to buy them.
Regulatory clarity helps with timing. The SEC’s decision to abandon its long-running litigation against Ripple, which ended with a $125 million settlement in August, took away a big price overhang that had kept XRP down for almost five years.
Technical analysis shows that the bull flag target has been reached.
XRP/USD Technical Analysis Shows Bull Flag Target Achievement
KripTocuM’s bull flag analysis, which came out on November 22, found support around $1.8810 and set a breakout objective of $2.1076. XRP then rose above $2.00, confirming the bullish structure and giving traders more confidence.
Right now, the technical signs point to a cautiously positive future. The Relative Strength Index is at 62, which means there is still opportunity for more gains before the market becomes overbought. At the same time, the MACD has made a positive crossover, which is usually seen as an indication that the market will keep going up. The recent rally saw trading volume rise to $3.85 billion, which confirmed the breakout structure.
Several areas have key support levels that are close to one other. $2.00 is a psychological level and a short-term support level. Analysts say that $1.85 is an important support level where a Morning Star pattern is forming. Below that, $1.80 is a structural support level where about 1.8 billion XRP were stored.
The $2.20–$2.30 range is a key supply zone, and immediate resistance seems to be near $2.30. If the price stays above this level, it could go up to $2.60. More ambitious estimates say it might go up to $3.00–$3.28 based on previous resistance levels.
Ripple’s Strategic Positioning Fuels Long-Term Optimism
XRP’s basic story keeps getting stronger, even though the price is moving right now. Sal Gilbertie, the CEO of Teucrium Trading, has said that Ripple might be a competitor to JPMorgan Chase and SWIFT. He said that the business is constructing a fully functional bank. Ripple is actively looking for a U.S. national banking license. Once it gets one, it will run like a top-tier bank with the same amount of money and discipline.
The coin is at the center of Ripple’s growing payment network, which is meant to speed up payments across borders. The recent collaborations Ripple has made with banks in Asia and the continuous updates to the XRPL scalability add to the confidence in the basic outlook. At the same time, sidechains that work with EVM open up new DeFi and tokenization use cases.
On-chain data shows that significant holders have bought about $7.7 billion worth of XRP in the last three months. This suggests that smart investors see current prices as good places to buy.
XRP Price Prediction
XRP could keep going up because of better institutional infrastructure, clearer regulations, and more utility positions. Before the next leg up, it looks like there will be some consolidation in the $2.00-$2.30 level in the near future. If it stays over $2.30 for a while, it could go up to $2.60–$3.00 in the medium term.
There are still risks, though. About 42% of all XRP is now losing money, which can make things even more unstable when feelings change. Short-term traders need to keep a close eye on the $2.00 level. If it breaks down, it could touch $1.85 or $1.80 again before bulls take over again.
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