XRP ETF Debut: AI Sees Rally Then Sell-the-News Dip
Canary Capital is set to launch the first US-based spot XRP ETF on November 13, fully dedicated to XRP and bypassing standard approval procedures. Ahead of the XRP ETF debut, AI models ChatGPT and Perplexity offer parallel forecasts: both note recent volatility—XRP surged from $2.10 to $2.60 amid whale selling, then settled near $2.40—as evidence of competing bullish catalysts and distribution phases. Perplexity’s on-chain analysis highlights significant whale transfers to exchanges and warns of a classic sell-the-news pullback despite pre-ETF rallies. Likewise, ChatGPT predicts an initial spike toward $3.00 followed by a correction to $2.00–$2.20. In the long run, both AIs view a spot XRP ETF as fundamentally bullish, forecasting stabilized support around $2.40, potential new highs above $3.20, and sustained recovery driven by institutional inflows. They agree the true trend will unfold 1–3 months post-launch, contingent on ETF flow strength.
Bearish
Historical launches of spot cryptocurrency ETFs—such as those for Bitcoin and Ethereum—have often triggered “buy-the-rumor, sell-the-news” profit-taking, leading to short-term pullbacks despite strong initial rallies. Both AI models forecast XRP will spike toward $2.80–$3.00 at debut, then correct to $2.00–$2.40 as whales distribute and traders secure gains. This alignment suggests immediate bearish pressure, though long-term prospects remain bullish if institutional inflows materialize over the next 1–3 months.