DTCC Lists 11 XRP ETFs, Fueling 10% Price Surge
DTCC listed 11 spot XRP ETFs—including Franklin XRP Trust, 21Shares, ProShares and Bitwise—prompting an 8.7% rally to $2.46. After the US government shutdown ended, XRP surged 10% to $2.54, lifting trading volume 125% to $6.2 billion and boosting derivatives volume and open interest. XRP ETFs have broken $2.30 resistance, trading at the upper Bollinger Band with RSI at 70, signaling further upside to $2.68–$3.00 and a potential retest of July’s $3.65 high. On-chain metrics improved, with daily XRP Ledger users rising to 19,000–29,000. Analysts predict the first SEC-approved ’33 Act’ spot XRP ETF launch soon, likely driving institutional inflows and sustaining a bullish trend. Key support is at $2.17.
Bullish
Listing of 11 spot XRP ETFs on DTCC’s pre-launch roster and the end of the US government shutdown triggered significant rallies, volume spikes and technical breakouts, reflecting strong short-term momentum. Breaking above key resistance with RSI at 70 and upper Bollinger Band positioning suggests further upside in the near term. The expected launch of a SEC-approved ’33 Act’ spot XRP ETF points to substantial institutional inflows, supporting a sustained bullish trend over the medium to long term.