- XRP ETFs launched on Nov. 24 absorbed nearly 80 million tokens, totaling about $130 million in inflows.
- Assets under management (AUM) for XRP ETFs reached $778 million, surpassing inflows seen in Solana’s recent ETF debut.
- Four XRP ETFs are currently active, with Canary’s XRPC leading at $331 million in net inflows.
- XRP formed a bullish flag pattern but remains in a technically bearish trend below key exponential moving averages (EMAs).
On November 24, newly launched exchange-traded funds (ETFs) tracking XRP absorbed around 80 million tokens, equivalent to nearly $130 million. This rapid accumulation pushed total assets under management (AUM) for these ETFs to $778 million, exceeding the early inflows recorded during Solana’s recent ETF debut. Data from XRP Insights confirms these figures.
The two key products contributing to this influx were Grayscale’s GXRP, which drew $67.4 million, and Franklin Templeton’s XRPZ, which attracted $62.6 million on launch day. In total, four XRP ETFs are currently active, with Canary’s XRPC on Nasdaq leading the group with $331 million in cumulative net inflows. Bitwise’s XRP ETF follows with $168 million.
The inflows are significant as ETF demand impacts circulating supply, but sustained inflows will be necessary to influence XRP’s long-term price dynamics. As noted by an XRP advocate, Chad Steingraber, “each share is 10 to 20 XRP… a significant bump for the share price,” adding that continued demand might create a volume surge driven by fear of missing out (FOMO), positioning the ETF as an “influencer of market dynamics.” Meanwhile, speculation surrounds the upcoming launch of 21Shares’ TOXR ETF on November 29 on Cboe BZX, which carries a 0.50% fee and seeks $500,000 in seed capital, broadening spot XRP exposure in the U.S.
Technically, XRP has shown a 5% weekly gain, climbing from $1.90 to $2.20 where it faces immediate resistance. On the four-hour chart, it is forming a bullish flag—a chart pattern suggesting a potential upward breakout targeting $2.35 to $2.45. However, failure to maintain above $2.20 could lead to a decline toward $2.10–$2.00, where liquidity is concentrated.
The relative strength index (RSI), an indicator measuring momentum, remains above 50, indicating short-term strength. Despite this, XRP trades below its 50, 100, and 200 exponential moving averages (EMAs), a trend-following indicator used to assess market direction, signaling an overall bearish momentum.
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