XRP Climbs 6% on Spot ETF Filings and DTCC Listing
XRP jumped 3.6% to $2.31 on an 86% volume surge after breaching the $2.28 resistance, outpacing Bitcoin and Ethereum in otherwise muted markets. The initial rally followed spot XRP ETF filings from Canary Capital under SEC Rule 8(a), with custody by Gemini and BitGo, and a parallel 21Shares submission. On-chain data revealed 21,595 new wallets over 48 hours and roughly 900,000 XRP moved to exchanges, indicating mixed whale behavior.
In a fresh boost, XRP climbed 6% to $2.40 after Bitwise and Franklin Templeton joined Canary Capital and 21Shares with amended S-1 statements. These filings, now listed on DTCC with standardized language, aim to expedite SEC review. High trading volume—169% above average—pushed XRP through $2.35 and set new cycle highs near $2.43.
Technical indicators remain bullish: RSI sits around 64, MACD is positive, and the price has formed higher highs and lows. Key support lies at $2.39–$2.395, with potential targets at $2.50 on a sustained hold. A breach of this zone could trigger a pullback to $2.31–$2.34. Ongoing ETF progress is the main volatility catalyst for XRP.
Bullish
The combined effect of multiple spot ETF filings by major institutions and DTCC listings has significantly improved XRP’s outlook. In the short term, the surge above key resistance levels on high volume and bullish RSI/MACD readings is likely to attract momentum traders, pushing prices toward $2.50. Over the long term, a streamlined SEC review under 8(a) procedures increases the probability of ETF approvals, potentially underpinning sustained demand. While a pullback below support at $2.39–$2.395 could offer buying opportunities, the overall signal remains positive for XRP trading.