XRP saw a surge of institutional interest this week after two newly launched exchange-traded funds absorbed nearly 80 million tokens within their first trading session. The launches pushed total assets under management across XRP ETFs to $778 million, reflecting stronger early demand than recent comparable product debuts in the altcoin sector, including Solana.
The inflows were led by Grayscale’s GXRP, which added $67.4 million, and Franklin Templeton’s XRPZ, which attracted $62.6 million on Nov. 24. Combined, the ETFs accumulated more than $130 million at launch—an unusually strong start during a period when Bitcoin-linked products were experiencing net outflows.
Four XRP ETFs are now active in the U.S. market. Canary’s XRPC leads the group with $331 million in cumulative inflows, followed by Bitwise’s product with $168 million. Analysts note that ETF accumulation directly reduces circulating supply, though sustained inflows—not opening-day enthusiasm—will determine whether the trend becomes structurally meaningful.
XRP advocate Chad Steingraber argued that each ETF share represents 10 to 20 XRP, potentially amplifying price sensitivity as inflows grow. He added that persistent demand could eventually make XRP ETFs “influencers of market dynamics” rather than passive trackers.
More ETF Launches Could Fuel Volatility
Momentum may continue into next week. Market participants expect 21Shares’ TOXR ETF to launch on Nov. 29 on Cboe BZX after receiving regulatory clearance. The fund carries a 0.50% fee and seeks $500,000 in seed capital, marking another expansion of U.S. spot XRP exposure.
Key points from the ETF landscape include:
- 80M XRP absorbed in 24 hours.
- $778M total AUM across all active XRP ETFs.
- Four ETFs live, with a fifth expected next week.
- Canary XRPC remains the largest with $331M in inflows.
- Strong early demand outpaces Solana’s ETF debut.
While bullish sentiment is rising, analysts caution that ETF-driven demand must persist to offset XRP’s broader technical weakness. The token remains below major exponential moving averages, signaling unresolved longer-term pressure despite short-term strength.
XRP Tests Bull-Flag Breakout Zone
XRP has rebounded 5% this week, climbing from $1.90 to $2.20, placing it among the strongest performers in the top-ten digital assets. The price is now consolidating within a bullish flag on the four-hour chart, with a potential breakout targeting the $2.35–$2.45 fair-value gap.
A confirmed break above $2.20 could trigger liquidity sweeps around $2.30 and $2.35, strengthening momentum. However, rejection at this level increases the probability of a move back toward $2.10–$2.00, where buy-side liquidity is concentrated.
The RSI remains above 50, supporting near-term demand, but XRP continues to trade below the 50-, 100-, and 200-period EMAs—a reminder that broader trend direction remains uncertain.
