XRP News Today: Institutions Turn to XRP ETFs as Bitcoin Sees Outflows
- Canary Capital's XRPC ETF launched on Nasdaq with $58M in day-one volume, marking first U.S. spot XRP ETF and attracting institutional demand amid crypto rotation. - XRP ETFs saw $243M inflows vs. $492M Bitcoin outflows, driven by regulatory clarity post-Ripple-SEC settlement and real-world payment use cases. - Technical indicators show XRP above $2.20 support with potential to target $2.60-$2.85, but risks reversal below this level or broader market weakness. - JPMorgan forecasts $4-8B in first-year XRP
XRP, the cryptocurrency associated with Ripple, has become a central focus for both traders and large investors after the launch of the first U.S. spot
Technical analysis points to a possible breakout for XRP. The Chaikin Money Flow (CMF) indicator remains positive, signaling continued bullish sentiment as the asset reclaims crucial support zones. Experts emphasize that XRP needs to stay above $2.20 to keep its upward momentum toward $2.60, with resistance expected between $2.34–$2.41 and at $2.67.
Market trends further highlight XRP's appeal to institutions. While Bitcoin ETFs saw $492 million in outflows on November 14, XRP ETFs attracted $243 million in new investments, including $245 million for XRPC on its first day.
Nonetheless, there are still risks. XRP's price dropped 2.7% after XRPC's launch in a typical "sell-the-news" reaction, with the token trading near its 365-day moving average. Ongoing market weakness and global economic uncertainty, such as postponed interest rate reductions, could put pressure on altcoins. Traders should look for confirmation of the bullish flag or a drop below $2.20, which would negate the recent rally.
Access to XRP through ETFs could drive its next growth phase. Regulated products allow funds and traditional investors to participate without managing crypto custody, lowering entry barriers. With 11 XRP ETFs now listed on the DTCC and regulatory policies evolving under crypto-friendly leadership, XRP's market foundation is becoming more robust. Continued ETF inflows could push the price toward $3, but weak demand may see it revisit the $1.80–$2.10 range.
XRP's future remains closely linked to broader economic trends and regulatory shifts. As the crypto sector waits for a decisive catalyst, XRP's technical strength and growing institutional interest position it as a significant player in the ongoing altcoin rotation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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