Ripple’s digital currency, XRP, experienced a notable increase of more than 8% within a single day, fueled by the introduction of new exchange-traded funds (ETFs) that brought in $164 million in net investments on November 24. This surge highlights a major step forward in institutional interest in XRP.
Franklin Templeton’s XRPZ ETF, which made its debut on NYSE Arca, attracted $62.59 million on its first day. Meanwhile, Grayscale’s GXRP ETF led the pack with $67.36 million in inflows, underscoring strong demand from large-scale investors. This momentum followed a series of spot XRP ETF approvals, including those from Bitwise and Canary Capital, which together have accumulated over $300 million in assets since late November.
Market analysts are paying close attention to XRP’s technical patterns, noting a breakout with the token trading near $2.07 as of November 26. This move supports optimistic forecasts from traders such as Ali Martinez, who has identified a “right-angled ascending broadening wedge” pattern that could signal a rally toward $8 by mid-2026. ChartNerdTA, a well-known strategist, observed that XRP is currently fluctuating between $1.80 and $3.50, with the $2.00 mark serving as a crucial support level. Should XRP fall below this threshold, a retest of $1.90 may occur, potentially dampening short-term bullish sentiment.
The influx of capital from ETFs has elevated XRP’s standing among institutional investors. Franklin Templeton’s ETF, with a competitive 0.19% fee, is positioned to attract long-term investment. David Mann, Franklin Templeton’s head of ETF products, highlighted the fund’s importance in offering regulated access to XRP, which has enjoyed seven consecutive days of positive inflows. Additional XRP ETFs are on the horizon, with 21Shares preparing to list on the Cboe BZX Exchange and CoinShares awaiting approval from Nasdaq. Analyst Chad Steingraber suggested that a single day with $1 billion in ETF inflows across a dozen XRP funds could absorb more than 2.2 billion tokens in less than a week, potentially accelerating price discovery.
Despite the prevailing optimism, several risks persist. Large holders, or “whales,” have sold over 180 million XRP tokens in recent weeks, and open interest on Binance has dropped to its lowest point in a year, indicating waning speculative activity. Furthermore, XRP is still trading 40% below its July 2025 high of $3.65. Some traders warn that a sustained upward trend may depend on a potential interest rate cut by the Federal Reserve in December to improve market liquidity.
XRP stands at a pivotal moment. Factors such as increasing institutional involvement, greater regulatory clarity following the SEC settlement, and heightened on-chain activity could propel the token back toward its previous highs. However, reaching the $8 mark or higher will require XRP to hold key support levels and continue attracting strong inflows. For now, the token’s price reflects a balance between the enthusiasm generated by ETF-driven demand and the caution of a market still facing broader economic uncertainties.