XRP Skyrockets 10%: ETF Hype & U.S. Market Momentum Fuel Explosive Rally

XRP just pulled off a gravity-defying leap as institutional interest collides with bullish market forces.

The 10% surge—tied to ETF speculation and resurgent U.S. demand—proves crypto's addiction to financialization remains unshaken. Wall Street's latest attempt to package decentralization into SEC-approved products strikes again.

Key drivers? Whispered ETF approvals and traders front-running the usual suspects: liquidity waves, regulatory theater, and that timeless classic—FOMO.

Will it last? History says check back after the next Coinbase outage or Elon tweet. Meanwhile, the SEC's lawsuit dust gathers in some paralegal's Dropbox.

11 XRP ETFs listed on DTCC

As of Monday, the DTCC listed 11 XRP ETFs that are active or about to launch. Some of the providers include 21Shares, ProShares, Bitwise, Canary Capital, Volatility Shares, REX-Osprey, CoinShares, Amplify, and Franklin Templeton.

While being listed does not mean the ETFs are fully approved, it’s an indication that they are ready for trading.

In a tweet earlier today, ETF expert Nate Geraci said that “Government shutdown ending = spot crypto ETF floodgates opening.” He added that the first “33 Act spot XRP ETF” could launch this week. 

Government shutdown ending = spot crypto ETF floodgates opening…

In meantime, could see first ‘33 Act spot xrp ETF launch this week.

Technical analysis and ledger activity

From a technical view, xrp price has broken a key resistance level at $2.30 and heads to another resistance level at $2.55. If the momentum continues, there’s a chance that the token could reach $2.68 in the coming days. But if it gets rejected, the price may drop slightly to a support level around $2.42 and $2.36 to prevent bigger losses.

The Relative Strength Index (RSI) is currently at 70, while the moving average is at 56. This means the token is not yet overbought and buyers still have more room to push the price higher. 

Meanwhile, XRP Ledger is also getting some activity.  Daily active users, as of now, have increased to between 19,000 and 29,000, which means more users are interacting with the network. 

Furthermore, some ETFs, like Grayscale’s XRP Trust and WisdomTree’s XRP fund, are not yet listed on DTCC, so more news could come soon. Canary Capital also said its XRP ETF is “coming soon,” maybe by the end of the week. Overall, the anticipation could help push the price higher.

Disclaimer: The Crypto Times does not endorse or recommend any specific cryptocurrencies, tokens, projects, financial products, or investment strategies. We do not accept legal liability for any financial losses incurred as a result of reliance on information published by us. Readers should always do their own research (“DYOR”), consult with licensed professionals, and evaluate risks independently.

Also Read: ethereum Eyes $4,000 Breakout As Whales And Institutions Step In