XRP ETFs absorb 80M tokens: Is a new bull trend starting for the altcoin?

Cointelegraph

DoubleZero / USD Coin

-3.03%

XRP’s (XRP) newly launched exchange-traded funds (ETFs) absorbed nearly 80 million tokens on Nov. 24, sharply outperforming Solana’s recent ETF debut. The rapid inflows have pushed total assets under management (AUM) to $778 million, according to data from XRP Insights.

Key takeaways:

Grayscale and Franklin Templeton’s XRP ETFs absorbed nearly $130 million on product launch.
Sustained ETF inflows and not just opening demand will determine XRP’s structural advantage in price recovery.
XRP formed a bullish flag, but it remains in a technically bearish trend below key EMAs.

XRP ETF start sparks market optimism for continued demand

Grayscale’s GXRP pulled in $67.4 million, and Franklin Templeton’s XRPZ attracted $62.6 million during its launch on Nov. 24, pushing total XRP ETF assets above $628 million on that day. Nearly 80 million XRP tokens were absorbed in 24 hours, outpacing the early inflows recorded during recent Solana’s (SOL) ETF debut and occurring against a backdrop of Bitcoin outflows.

Currently, four XRP ETFs are live, with Canary’s XRPC on Nasdaq leading at $331 million in cumulative net inflows, followed by Bitwise’s XRP ETF at $168 million.

Such rapid absorption matters because ETF demand directly pressures circulating supply, yet sustained inflows must continue to determine XRP’s long-term benefit.

XRP advocate Chad Steingraber remained upbeat, noting that “each share is 10 to 20 XRP… a significant bump for the share price,” adding that sustained inflows could create a FOMO-driven volume surge, allowing the ETF to become an “influencer of market dynamics” over time.

Meanwhile, XRP ETF mania is set to continue as 21Shares’ TOXR is speculated to launch on Nov. 29, on Cboe BZX after receiving S-1 and Form 8-A approval. The product carries a 0.50% fee and seeks $500,000 in seed capital, expanding US. spot XRP exposure.

Related: XRP price ‘looking very bullish’ after 25% weekly gain: How high can it go?

XRP’s bull flag is pivotal to break resistance at $2.20

XRP is the top performer in the top-ten assets, posting a 5% weekly recovery from a $1.90 low to $2.20, where immediate resistance has emerged.

On the four-hour chart, XRP is forming a bullish flag, with a potential breakout targeting the $2.35–$2.45 sell-side fair value gap (FVG), while sweeping liquidity at $2.30 and $2.35.

Cryptocurrencies, Investments, XRP, Markets, United States, Cryptocurrency Exchange, Price Analysis, Grayscale, Market Analysis, Solana, ETF

However, a sustained failure to reclaim $2.20 increases the likelihood of a move toward the $2.10–$2.00 buy-side FVG, where key liquidity is concentrated. Thus, the current market remained undecided regarding the immediate directional bias.

The relative strength index (RSI) remained above 50, indicating strong short-term demand; however, the overall trend is still downward, with XRP trading below the 50, 100, and 200 exponential moving averages (EMAs) on the four-hour chart.

Related: Grayscale spot Dogecoin ETF falls under volume expectations on debut

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Advertencias de riesgo y descargo de responsabilidad en inversiones

Usted entiende y reconoce que existe un alto grado de riesgo a la hora de operar con estrategias. Al seguir cualquier estrategia o metodología de inversión existe un riesgo potencial de pérdidas. El contenido de este sitios se ha proporcionado por nuestros colaboradores y analistas con un único propósito informativo. Usted, bajo su discreción, es el responsable exclusivo de determinar si los activos bursátiles, valores o estrategias de los productos son adecuados para usted según sus objetivos de inversión y situación financiera.

Divulgación de riesgos

El riesgo de pérdida en el comercio de activos financieros como acciones, divisas, materias primas, futuros, bonos, ETF o criptomonedas puede ser considerable. Puede sufrir una pérdida total de los fondos que deposita con su corredor. Por lo tanto, debe considerar cuidadosamente si dicha negociación es adecuada para usted tomando en cuenta sus circunstancias y recursos financieros.

No se debe considerar invertir sin llevar a cabo, su propia diligencia de manera minuciosa o consultar con sus asesores financieros. Nuestro contenido web puede no ser adecuado para usted, ya que no conocemos su situación financiera ni sus necesidades de inversión. Es posible que nuestra información financiera tenga latencia o contenga inexactitudes, por lo que usted debe ser completamente responsable de cualquiera de sus transacciones y decisiones de inversión. La empresa no se hará responsable de su capital perdido.

Sin obtener el permiso del sitio web, no se le permite copiar los gráficos, textos o marcas comerciales del sitio web. Los derechos de propiedad intelectual sobre los contenidos o datos incorporados a este sitio web pertenecen a sus proveedores y comerciantes de intercambio.

Búsquedas recientes

Búsquedas populares

Cotizaciones

Análisis

Usuario

24/7

Calendario económico

Educación

Datos

XRP ETFs absorb 80M tokens: Is a new bull trend starting for the altcoin?

Divulgación de riesgos