XRP ETF Debut Sparks Heavy Accumulation and a Bullish Technical Setup

XRP’s first wave of U.S.-listed spot ETFs is off to a powerful start, pulling in close to 80 million XRP on their opening day and quickly lifting total assets under management to $778 million, according to XRP Insights.

The inflows significantly outperformed the early demand seen during Solana’s ETF launch and arrived despite ongoing outflows from Bitcoin funds.

ETF Launch Sparks Strong Capital Rotation Into XRP

The biggest boosts came from Grayscale’s GXRP and Franklin Templeton’s XRPZ, which collected a combined $130 million during their Nov. 24 rollout. Four XRP ETFs are currently trading, with Canary’s XRPC emerging as the largest so far at $331 million in net inflows, followed by Bitwise’s fund at $168 million.

The rapid day-one accumulation temporarily tightened circulating supply – but analysts warn that sustained inflows, not just a strong debut, will determine whether XRP gains a long-term structural tailwind.

XRP supporter Chad Steingraber emphasized that the ETF share structure (backed by 10–20 XRP each) may magnify the impact of continued inflows, potentially turning the product into a market-moving force if FOMO builds.

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Momentum may continue this week, with 21Shares’ TOXR expected to list on Nov. 29 after securing regulatory clearance. The new product carries a 0.50% fee and is targeting initial seed capital of $500,000.

XRP Price Tests Key Resistance as Bull Flag Takes Shape

XRP has climbed roughly 5% from last week’s $1.90 low, reaching the crucial $2.20 resistance zone — the same level anchoring a short-term bullish flag on the 4-hour chart. A convincing breakout could aim for the $2.35–$2.45 region, which contains multiple sell-side fair value gaps and liquidity pools around $2.30 and $2.35.

However, failure to reclaim $2.20 leaves the door open for a retracement toward the $2.10–$2.00 liquidity cluster, keeping near-term direction uncertain.

The RSI remains above 50, signaling resilient demand, yet XRP continues to trade below the 50, 100, and 200 EMAs, preserving the broader bearish trend despite short-term strength.