XRP News Today: XRP ETFs Spark Debate: Will Institutional Inflows Fuel a 465% Price Surge?

The U.S. cryptocurrency market is on the brink of a transformative moment as Franklin Templeton and Grayscale's XRP exchange-traded funds (ETFs) cleared final regulatory hurdles, securing NYSE Arca approval under the Exchange Act of 1934. The launches, expected to debut on Monday, November 24, mark a pivotal step in institutional adoption of digital assets, with analysts predicting a surge in XRP liquidity and investor confidence. These ETFs join a growing list of XRP-focused funds, including 21Shares' recently approved product and Canary Capital's trailblazing offering, signaling a maturing market infrastructure according to market analysis.

Franklin Templeton's XRP ETF (XRPZ), with its 0.19% fee-the lowest among competing products-has drawn attention for its conservative approach, reflecting the firm's $1.5 trillion in assets under management according to industry reports. The fund's initial seed allocation, though undisclosed, is expected to drive early inflows similar to Bitwise's $25 million first-day volume. Grayscale's entry further solidifies XRP's institutional credibility, with experts noting that these ETFs provide a regulated pathway for investors to access the asset without navigating direct crypto custody challenges.

The market has already reacted to the impending launches. XRP surged 5% in the past 24 hours, trading near $2.12 amid a 26% rise in trading volume. Analysts attribute this optimism to the broader regulatory tailwinds, including the SEC's recent guidance post-government shutdown and the rescission of SAB 121, which had previously hindered institutional participation. Additionally, Franklin Templeton's conservative positioning and the Trump administration's pro-crypto policies, including the Genius Act and strategic Bitcoin reserve initiative, have bolstered investor sentiment according to Wall Street analysts.

Looking ahead, the potential for BlackRock-a major absentee in the XRP ETF race-to enter the market has sparked speculation. A hypothetical $100 billion BlackRock XRP ETF would require holding 47 billion tokens at current prices, straining XRP's circulating supply of 60 billion. However, price targets from Standard Chartered's Geoffrey Kendrick suggest XRP could reach $12.50 by 2028, implying a 465% upside from current levels. Such projections hinge on ETF-driven demand, with Canary Capital's XRPC ETF already demonstrating robust inflows of $292 million in its first four days.

The ETF frenzy mirrors Bitcoin's ETF trajectory, where 12 funds now hold $117 billion in BTC. For XRP, the influx of institutional capital could amplify price volatility, particularly if multiple ETFs accumulate significant stakes. While skeptics question the feasibility of Kendrick's $220 price target, the growing regulatory clarity and institutional appetite suggest XRP's journey is far from over.