XRP Price Surges on ETF Listings and Market Confidence
XRP, Ripple’s native token, rose 10% to $2.54 today. Trading volume surged by 125%, reaching over $6.2 billion in 24 hours. The price jumped from an intraday low of $2.30. This followed reports that 11 XRP exchange-traded funds (ETFs) appeared on the U.S. Depository Trust and Clearing Corporation (DTCC) website. This suggests the ETFs may soon be available for trading.
Market confidence also improved after the U.S. Senate passed a deal to end a weeks-long government shutdown. This helped lift sentiment across financial markets, including crypto.
Eleven XRP ETFs Listed on DTCC
On Monday, the DTCC listed 11 XRP ETFs as active or pending launch. Providers include 21Shares, ProShares, Bitwise, Canary Capital, Volatility Shares, REX-Osprey, CoinShares, Amplify, and Franklin Templeton.
Listing on the DTCC does not guarantee full regulatory approval. However, it indicates these ETFs are likely to become tradable soon. ETF expert Nate Geraci tweeted that the government shutdown ending could open “floodgates” for spot crypto ETFs. He added the first “33 Act spot XRP ETF” might launch as early as this week.
Technical Analysis and Network Activity
XRP’s price broke key resistance at $2.30 and now targets $2.55. Continued momentum could push it to $2.68. If rejected, support levels at $2.42 and $2.36 may hold to prevent bigger losses.
The Relative Strength Index (RSI) stands at 70, with the moving average at 56. This shows XRP is not yet overbought, leaving room for further gains.
On-chain activity is rising too. Daily active users on the XRP Ledger have increased to between 19,000 and 29,000. More network interaction supports positive sentiment.
Some ETFs like Grayscale’s XRP Trust and WisdomTree’s XRP fund are not yet listed on DTCC. Canary Capital noted its XRP ETF is “coming soon,” possibly by week’s end. Anticipation of these launches could further boost XRP’s price.
