XRP price momentum appears to be back powered by exchange-traded fund listing expectations that could bring in billions in Wall Street capital.
Summary
- XRP price up 8.7% to $2.46 with heavy trading volume.
- Multiple spot XRP ETFs listed on DTCC ahead of SEC greenlight.
- Technicals show growing strength, with $2.70 key resistance level.
XRP is showing signs of renewed strength, trading at $2.46 at press time, up 8.7% in the past 24 hours. The token has been moving between $2.12 and $2.46 over the past week, holding near the top of that range. Even so, XRP still sits about 32% below its July all-time high of $3.65.
Trading activity has picked up sharply. Daily volume climbed 54.9% to $3.93 billion, marking the busiest stretch in weeks. CoinGlass data shows derivatives volume up 56% to $6.43 billion, while open interest rose 7% to $3.56 billion.
Higher open interest and rising futures activity typically indicate that traders are opening new positions in anticipation of major market events.
Spot XRP ETFs make their way to DTCC
In a major structural milestone, multiple spot XRP (XRP) ETFs were listed on the Depository Trust & Clearing Corporation website as of Nov. 10. The listings mark a critical step toward potential U.S. market launches following a wave of Securities and Exchange Commission approvals enabled by September’s generic listing standards. These streamlined ETF applications for assets like XRP already traded on CME futures.
The DTCC is the central clearing hub for U.S. securities which handles almost every stock and ETF transaction behind the scenes. A listing there under its “active and pre-launch” section means the funds have completed essential operational steps, like settlement setup and custody integration. Once the SEC signs off, they’ll be ready to go live.
Among the names on the list are Franklin XRP Trust (XRPZ), 21Shares XRP ETF (TOXR), Bitwise XRP ETF (XRP), Canary XRP ETF (XRPC), and CoinShares XRP ETF (XRPL). Other filings, such as the REX-Osprey XRP ETF (XRPR) and leveraged products like Volatility Shares 2x XRP (XRPT), round out the current lineup.
Insiders expect the first wave of launches around mid-November, with some pointing to Nov. 13 as an early start date. If approvals follow the same path as Bitcoin (BTC) ETFs, it could open the door for billions in institutional inflows and a meaningful shift in market structure.
XRP price technical analysis
From a technical standpoint, XRP’s setup is improving. The token is showing short-term bullish momentum as it trades along the upper edge of the Bollinger Bands. At 50, the relative strength index is in the middle, indicating that the market has room to run without becoming overheated.
The upper band and 50-day moving average converge at $2.70, which is the immediate resistance. If momentum builds, breaking above that level might pave the way towards $3.00 and possibly the July high of $3.65.
On the downside, $2.17 is still a crucial support level. Losing that area might trigger more selling pressure.
