XRP ETF Lifts XRP; BTC May Dip to $86K Amid Manifesto
Nasdaq has certified Canary’s XRP spot ETF (XRPC) with a 0.5% fee, making it the first XRP ETF to launch. Other issuers such as Franklin Templeton, Bitwise (0.34%), 21Shares, CoinShares and Grayscale will follow later in November. Traders will track XRP ETF inflows to gauge institutional demand. On Bitcoin, top trader Ansem warns of a technical pullback to $86,000-$88,000. Key support levels lie between $97,500 and $99,600. Bloomberg notes waning institutional interest, which could trigger year-end selloffs. Ethereum co-founder Vitalik Buterin has signed a ’trustless manifesto’ calling for pure decentralization in Layer 2 solutions.
Bullish
The approval and launch of the Canary XRP spot ETF is a major regulatory milestone that will likely attract institutional capital and boost XRP liquidity. Early ETF inflows will serve as a catalyst for short-term price rallies. While the Bitcoin pullback warning indicates near-term volatility, it has limited direct impact on XRP’s ETF-driven momentum. Vitalik’s endorsement of a trustless manifesto underscores broader on-chain development, further strengthening market sentiment. Overall, the XRP ETF debut is expected to drive bullish price action for XRP in both the short and long term.