XRP Price Prediction: Will the ETF Launch Drive Sustained Growth?

#XRP

• XRP trades below 20-day MA ($2.3530) but shows bullish MACD divergence
• ETF launch positive but whale selling (200M tokens) creates near-term pressure
• Bollinger Bands suggest potential oversold conditions at current levels

XRP Price Prediction

XRP Technical Analysis: Key Indicators Show Mixed Signals

XRP is currently trading at $2.1654, below its 20-day moving average of $2.3530, suggesting potential short-term bearish pressure. The MACD indicator shows a positive histogram (0.0213), indicating some bullish momentum, though the signal line (0.0888) remains above the MACD line (0.1101). Bollinger Bands show the price NEAR the lower band ($2.1135), which could indicate an oversold condition. According to BTCC financial analyst William, 'While the MACD shows some bullish divergence, the price remaining below the 20-day MA suggests caution. A break above $2.3530 could signal a trend reversal.'

XRP Market Sentiment: ETF Launch Sparks Optimism Amid Whale Selling

Franklin Templeton's partnership with Coinbase Custody for a spot XRP ETF has boosted market optimism, despite broader crypto market weakness. However, large XRP holders ('whales') have sold 200 million tokens post-ETF launch, capping price gains. BTCC financial analyst William notes, 'The ETF news is fundamentally bullish long-term, but whale selling creates near-term headwinds. The market needs to absorb this supply before sustained upside can occur.'

Factors Influencing XRP's Price

Franklin Templeton Partners with Coinbase Custody for Spot XRP ETF Launch

Franklin Templeton has selected Coinbase Custody as the custodian for its proposed spot XRP exchange-traded fund, according to a final prospectus filed with the U.S. Securities and Exchange Commission. The $1.6 trillion asset manager plans to launch the ETF on November 18, pending regulatory approval.

The fund, trading under the ticker EZRP on the Cboe BZX Exchange, aims to provide direct exposure to XRP—the fourth-largest cryptocurrency by market capitalization. Coinbase Custody will secure the underlying assets, while Coinbase's prime brokerage arm handles trade execution. CSC Delaware Trust Company serves as trustee.

This filing represents one of the first fully structured spot XRP ETF proposals in the U.S. market. The MOVE signals growing institutional interest in cryptocurrency investment vehicles, with multiple crypto-related filings currently under SEC review.

Franklin Templeton XRP ETF Launch Sparks Market Optimism Amid Broader Crypto Downturn

The cryptocurrency market braces for a pivotal week as Franklin Templeton prepares to launch its XRP ETF, with trading under the ticker EZRP set to begin on November 18. Analysts project a transformative impact on XRP's valuation, with Steph Is Crypto suggesting a near-term target of $5 and long-term forecasts reaching $37-$50 by 2026.

This institutional milestone coincides with Bitwise's planned ETF release on November 20 and up to nine additional fund listings by month-end. The anticipated influx of institutional capital could propel XRP's price, volume, and market capitalization despite current weakness in Bitcoin and broader crypto markets.

"The SEC-approved Franklin Templeton ETF marks a watershed moment for XRP's institutional adoption," noted a company representative, highlighting deliberate efforts to attract pension funds and financial institutions. The altcoin's atypical price resilience during market-wide declines underscores the significance of this development.

XRP Whales Dump 200M Tokens Post-ETF Debut, Dampening Rally

XRP whales have offloaded nearly 200 million tokens within 48 hours of the Canary Capital XRP ETF's Nasdaq debut, countering institutional inflows that saw $250 million enter the market. The sell-off reflects a divergence between retail euphoria and whale caution as technical indicators turn bearish.

Despite the ETF's blockbuster $58 million first-day trading volume—the strongest crypto ETF launch this year—XRP's price slipped amid the selling pressure. On-chain analyst Ali noted the coordinated dump by large holders, signaling profit-taking rather than accumulation.

The sell-off comes despite XRP's regulatory clarity victory over the SEC, which ruled it non-security in 2023. Market participants now watch whether institutional demand through the ETF can offset whale distributions in this $136 billion asset.

Is XRP a good investment?

XRP presents a mixed investment case currently. The technical picture shows some bullish signals (oversold Bollinger Bands, positive MACD) but price remains below key resistance at the 20-day MA ($2.3530). Fundamentally, the ETF launch is positive but being offset by whale selling.

BTCC's William suggests: 'Risk-tolerant investors might accumulate near $2.11 support, but confirmation above $2.35 is needed for stronger conviction.'