XRP News Today: Nine XRP ETFs Set to Debut, Pushing Price Range to $2.40–$2.70
- Nine XRP ETFs, including Franklin Templeton's EZRP, launch Nov 18-25, injecting institutional capital and boosting liquidity. - XRP trades at $2.24, with technical analysis targeting $2.40–$2.70 if $2.15 support holds, amid $768M in whale accumulation. - Regulatory clarity from recent rulings contrasts with unresolved Ripple vs. SEC case, while exchange-held supply drops to $2.8B. - Analysts project $4–8B in first-year ETF inflows, but warn of volatility risks if $2.20 support breaks amid broader crypto
XRP, Ripple's digital currency, has maintained its position above the $2.15 support mark, setting the stage for a possible rise toward the $2.40–$2.70 range as a series of institutional ETFs are set to launch. As of November 17, the token is trading at $2.24,
Canary Capital's XRPC, the first U.S. spot XRP ETF,
Technical analysis indicates that XRP's ongoing consolidation above $2.15 is a pivotal point. Should this level remain intact, the asset may aim for the $2.40–$2.70 zone,
Clearer regulatory guidelines have strengthened market confidence.
Forecasts for XRP's price are highly varied. Some analysts
With November 18 approaching, investors are closely monitoring Franklin Templeton's EZRP for signs of institutional interest. The ETF's results, along with those of subsequent launches,
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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