XRP’s (XRP-USD) newly launched ETFs wasted no time making an impact. The two debut products absorbed nearly 80 million XRP on Monday, pulling in a combined $130 million in new capital and quickly pushing total ETF assets under management to $778 million. For a market that has been waiting for a fundamental catalyst, this rush of demand has brought a burst of optimism.
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Grayscale’s GXRP (CH:GXRP) attracted $67.4 million, while Franklin Templeton’s XRPZ added $62.6 million. Those inflows outpaced the early demand seen during Solana’s recent ETF rollout, and they arrived even as Bitcoin ETFs experienced outflows. A total of four XRP ETFs are now live, with Canary’s XRPC (XRPC) leading the pack at $331 million in cumulative inflows.
XRP advocate Chad Steingraber noted the significance of the early surge, saying “each share is 10 to 20 XRP… a significant bump for the share price,” and added that sustained buying could allow XRP ETFs to become “an influencer of market dynamics” over time. Traders are now looking at 21Shares’ TOXR, which is speculated to list on Nov. 29 and could add further momentum.
ETF Buyers Push Demand Higher
ETF-driven absorption has a clear effect because each token removed from the open market tightens circulating supply. But markets care just as much about consistency as they do about day-one excitement. Sustained inflows, not just opening-day buying, will determine whether XRP gains a structural advantage over competing L1 assets.
The ETF narrative is unfolding against a backdrop of mixed sentiment in broader crypto flows. With Bitcoin seeing outflows and XRP showing pockets of strength, traders are watching closely to see whether this shift represents a temporary rotation or the early stages of a new allocation cycle.
XRP Attempts to Carve Out a Breakout Pattern
From a technical perspective, XRP has bounced from a $1.90 low and is now wrestling with resistance at $2.20. The four-hour chart shows a developing bullish flag, which is the type of structure that can drive continuation if buyers regain control. A breakout could target the $2.35–$2.45 fair value gap, with liquidity sitting at $2.30 and $2.35.
But the trend isn’t decisively bullish yet. XRP remains below the 50, 100, and 200 EMAs on the four-hour timeframe, keeping the broader picture tilted lower. A failure to reclaim $2.20 could send price back toward the $2.10–$2.00 liquidity zone.
Momentum, however, is firming. The RSI holding above 50 suggests strong short-term demand, and ETF inflows may now act as the fundamental driver that pulls XRP back toward reclaiming trend. At the time of writing, XRP is sitting at $2.1837.
