XRP News Today: XRP ETFs Surge, Price Defies Institutional Hype

XRP, the third-largest cryptocurrency by market capitalization, is navigating a pivotal juncture as institutional adoption accelerates amid mixed price action. The recent launch of multiple spot XRP exchange-traded funds (ETFs) has drawn significant attention, with Bitwise Asset Management's XRP ETF commencing trading on the New York Stock Exchange on Thursday. The product, which waives fees for the first $500 million in assets, joins existing offerings from Canary Capital and Grayscale, signaling growing institutional validation. Grayscale's GXRP ETF, approved for trading this week, is expected to bolster liquidity, while Franklin Templeton's entry into the space further underscores the asset's rising profile.

Price-wise, XRP has oscillated between bullish and bearish cues. After surging above $2.15 and testing $2.286 in late November, the token retreated to $2.08 following Grayscale's ETF debut, which failed to spark immediate buying interest according to financial reports. Technical analysts note that the $2.170–$2.120 support corridor remains critical, with a break below $2.00 exposing deeper downside risks to $1.91. Conversely, a sustained move above $2.250 could target $2.320 and beyond, according to on-chain data.

The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators currently suggest moderate bullish momentum, though without a clear trend reversal according to market analysis.

Institutional enthusiasm contrasts with retail market jitters. XRP analyst Chad Steingraber has called the ETF launches "an epic story", projecting that up to 50 million XRP could be accumulated by ETFs in their initial trading sessions. Canary Capital's XRPC ETF, which attracted $243 million in its first day, and Bitwise's $116 million fund highlight the appetite for XRP among institutional investors according to market data. Meanwhile, Grayscale's entry—with $35 billion in assets under management across its products has analysts speculating about its potential to drive broader adoption.

However, market participants caution that ETF inflows may not immediately translate to price gains. XRP has fallen roughly 18% since November's start, mirroring broader crypto market weakness. Analysts like Xaif Crypto note that while Wall Street's attention validates XRP's utility in cross-border payments and settlement infrastructure, sustained demand will depend on regulatory clarity and real-world adoption metrics.

The coming weeks will test whether institutional interest can stabilize XRP's price amid macroeconomic headwinds. With additional ETFs from 21Shares, CoinShares, and WisdomTree anticipated, liquidity and market depth could improve. For now, traders are closely monitoring the $2.15–$2.25 range, where a breakout could redefine XRP's short-term trajectory.