Author: Maham Arslan

21Shares, one of the world’s biggest crypto index fund issuers, just got the thumbs up from the US Securities and Exchange Commission for its XRP ETF. After throwing in an application through the standard route of filing Form 8-A, things are looking good: this thing should be up and trading on the Cboe BZX Exchange in a week or so, under the ticker TOXR – a major milestone towards getting XRP on the radar for US investors.

This approval comes courtesy of a 21Shares filing on November 7th, using the SEC’s standard new-fund setup procedure. Still, the SEC’s sped-up review process – courtesy of the recent US government shutdown reversal – gave the whole thing a nice little kick along. And to prove that things are actually moving, the SEC filing says 21Shares has already got Cboe BZX Exchange onside for its product – that’s the final regulatory tickbox before launch.

This positions 21Shares among an emerging group of competitors — including Bitwise, Grayscale, and Franklin Templeton — preparing their own XRP ETFs for market entry.

Key Details of the TOXR XRP ETF

The new ETF will track the CME CF XRP-Dollar Reference Rate, offering investors pricing transparency and institutional-grade methodology.

Custodians & Service Providers

• Coinbase Custody, Anchorage Digital Bank, BitGo Trust – digital asset custodians
• BNY Mellon – cash custodian, administrator, and transfer agent
• Foreside Global Services – marketing agent

Additional Features

• Initial Seed Capital: 10,000-share creation baskets purchased by 21Shares US LLC
• Management Fees: Not yet disclosed (Franklin Templeton leads with 0.19%)
• Upcoming Launches: Bitwise’s XRP ETF will begin trading under ticker XRP on NYSE Arca on November 20

These developments highlight a broader shift toward regulated, institutionally accessible XRP investment vehicles.

XRP Market Reaction: Price Stabilizes After Volatility

XRP has risen 5% in the past 24 hours, recovering from a sharp 9% decline to trade near $2.12, with daily movement between $2.01 and $2.17.

Investor participation has accelerated, with trading volume up 26%, signaling renewed engagement driven by ETF momentum.

Futures data shows a mixed but elevated derivatives landscape:

• Total futures open interest: +0.30% to $3.38 billion
• CME 4h open interest: +0.56%
• Binance 4h open interest: –1.17%

This backdrop points to rising institutional attention ahead of multiple ETF launches.

XRP/USD Price Prediction – Technical Outlook

XRP/USD remains under pressure after losing the $2.20 zone, with sellers continuing to dominate the 4-hour structure. Price is trading below the 20-EMA and 50-EMA, reinforcing a weak short-term trend. Recent candles show shallow rebounds and quick rejections, indicating that buyers are not stepping in with conviction.

The pair is currently stabilizing near $2.10, a former pivot area. If this level fails, downside risk opens toward $1.99, followed by deeper support at $1.86, where the ascending trendline and horizontal structure intersect. RSI is holding around the mid-40s, showing muted momentum and no bullish divergence.

For sentiment to shift, XRP must reclaim $2.30, a key confluence level formed by a descending trendline and prior reaction zone. A breakout above this threshold could target $2.52. Until then, the broader structure favours sellers, and any corrective bounce may face early resistance.

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.

XRP is trading at $2.25, down 0.15% in the last 24 hours, with daily volume above $5.3 billion. The token holds the #4 market cap ranking, supported by a circulating supply of 60.17 billion XRP.

A Market Losing Momentum

XRP has been unable to build on recent gains after repeatedly failing to break above the $2.34–$2.49 zone, a region capped by the descending trendline that has controlled price action since early October. The latest candles tell the story clearly: small bodies, long upper wicks, and fading momentum each time bulls attempt to lift the market.

XRP remains trapped beneath the 20-EMA on the 4-hour chart, confirming weak short-term sentiment. The longer-term 200-EMA sits near $2.49, acting as heavy overhead resistance. The RSI at 40–43 continues to lean bearish, with no bullish divergence — meaning buyers are cautious and unwilling to commit.

Markets entering this kind of symmetrical compression rarely stay quiet. XRP has been printing higher lows from October’s bottom, but lower highs from $2.83 — a tightening apex where volatility usually returns sharply.

XRP/USD Key Levels Traders Are Watching

• Resistance: $2.34, $2.49, $2.67
• Support: $2.21, $2.14, $2.01

A break of $2.21 would confirm bearish continuation, exposing liquidity near $2.14 and $2.01. A clean bullish signal requires a strong break above $2.34, ideally supported by a bullish engulfing candle and an RSI push back above 50.

XRP/USD Trade Setup: Wait for the Break

Don’t trade the middle of the triangle, trade the breakout.

Bullish Scenario

A breakout above $2.34 opens the door to $2.49, and if momentum holds, $2.67 becomes the next objective. Traders should look for a decisive close above the trendline with expanding volume.

Bearish Scenario

A close below $2.21 signals sellers are taking control. The next target lies at $2.14, followed by a larger retracement toward $2.01.

Bottom Line

XRP is approaching a crucial turning point. The consolidation is getting tighter, and the next breakout — up or down — is likely to be fast and decisive. Traders should stay alert. When XRP leaves this structure, the move won’t be subtle.

Canary Capitals XRP Exchange Traded Fund (ETF) got a green light from the US Securities and Exchange Commission (SEC) without so much as a second glance after the company filed a Form 8-A with the Commission on November 10th. That means the spot XRP ETF is up and running as of today, with early trading expected to kick off later this week under the ticker symbol XRPC on Nasdaq.

The ETF is set up to give folks a straightforward way to invest in XRP and is modelled on the XRP-USD CCIXber Reference Rate Index. The launch of the fund is a big deal for Ripple—many analysts are calling it a major regulatory victory, especially after the company’s past setbacks.

Steven McClurg, the CEO of Canary Capital, noted growing market interest, saying in a statement, “The XRP ETF could even double the initial success of Solana’s debut ETF,” which is a pretty bold prediction. The move is also part of a larger storyline for Canary Capital, following the company’s recent automatic approvals for its Litecoin and HBAR ETFs. It goes to show the company is really starting to make a name for itself in the digital asset investment product market.

ETF Features and Trading Details

Here are some key details to keep in mind about the Canary XRP ETF:

• 0.50% management fee – which is a bit higher than the Bitwise XRP ETF’s 0.34%
• Custodians: The fund will be managed by Gemini Trust Company and BitGo Trust Company
• Cash is held by U.S. Bank (which is an affiliate of the transfer agent)
• Administration of the fund will be handled by U.S. Bancorp Fund Services
• Marketing is being done by Paralel Distributors LLC

The trust filed an S-1 registration statement on October 24th which details the fund’s structure and objectives. All this is happening as the crypto market is starting to mature and institutional investors are becoming more interested in getting spot XRP exposure.

XRP Price Sees some Gains

Over the past week the price of XRP has surged nearly 10% as anticipation for the ETF’s launch has been building up and expectations for an end to the US government shutdown have risen too. Trading has picked up pace with a 40% increase in 24 hour volume.

Here are some numbers to look at:

• Price: $2.48
• The intraday range is between $2.46 and $2.58
• Open interest in futures has increased – up 3 to 12% on CME and Binance and up 12% to $4.07B for ETH futures

Despite the potential for some technical challenges, the ETF launch is going to be a good test for XRP – a “death cross” formation has been spotted on the 50- and 200-day SMAs but many people are still staying optimistic. Market watchers are keeping a close eye on derivatives activity – its a pretty clear sign that both institutional and retail traders are getting back into the market with renewed confidence.

XRP is trading at $2.27, up 1.8% over the past 24 hours. This comes on the back of a daily trading volume of a pretty hefty $5.8 billion. Despite the uptick, though, the token is starting to show signs of fatigue after repeatedly failing to break past that stubborn descending trendline resistance just below $2.36.

The 50-day EMA is acting as a ceiling on short-term rallies, while the 200-day EMA at $2.73 represents the holy grail for a sustainable bullish reversal. Now traders are keeping a close eye on whether XRP can hold above its key support at $2.20—that spot has historically drawn in some pretty aggressive buying during volatile phases.

Bearish Signals on Full Display

Recent candlestick formations are certainly causing some concern here. You’ve got a spinning top followed by a pretty nasty bearish engulfing pattern—that’s a red flag for indecision and renewed selling pressure. Meanwhile, the Relative Strength Index (RSI) is currently at 42, suggesting fading momentum. It’s not yet oversold, though, so there’s still room for another dip before a potential recovery might come into play.

As you’d expect, the lower highs and lower lows on the chart reinforce the bearish short-term channel; downside targets are at $2.09 and then $1.90. If XRP breaks below these levels, expect losses to extend, dragging it down to the lower end of its descending channel.

Key Highlights:

• Immediate resistance: don’t expect it to break through that trendline at $2.36 & 50-EMA
• Major support: $2.20 – then we’re looking at $2.09
• RSI: at 42 – that’s not a lot of momentum to hang your hat on
• Market cap: we’re talking $137.3 billion here, which puts XRP all the way at #4 globally

XRP Trade Setup: Play it Cautiously

For any traders out there, XRP’s a two-way street. The bearish setup is still on the table if price action can’t reclaim the $2.36 level, we’re talking a target of $2.10, with a stop-loss just above $2.40 to keep risk in check.

Alternatively, if you get a bullish engulfing candle above $2.40 and some corresponding RSI divergence, that is enough to spark a reversal back up to $2.53 or even $2.73.

XRP’s a bit stuck in limbo at the moment. It’s range-bound but poised for something big, as traders wait for a decisive breakout to finally give them a clear read on the trend. Till then, it’s just a waiting game between fading bears and patient dip-buyers all ready to jump in once momentum starts to shift.