XRP Surges 10% as Potential ETF Listings Appear on DTCC

• DTCC Listings: 11 XRP ETFs from providers like 21Shares and Bitwise are now listed, indicating potential imminent trading availability.

• Government Shutdown Resolution: The U.S. Senate’s passage of a deal to end the shutdown has restored financial market stability, positively impacting crypto prices.

• Technical Indicators: XRP broke resistance at $2.30, with RSI at 70 showing room for further gains toward $2.68, supported by increased ledger activity.

XRP price surges 10% to $2.54 amid DTCC ETF listings and government stability. Discover key drivers, technical analysis, and future outlook for this Ripple token rally—stay ahead in crypto investments today!

What is Driving the Recent XRP Price Surge?

XRP price surge is primarily fueled by the appearance of 11 XRP exchange-traded funds on the U.S. Depository Trust and Clearing Corporation (DTCC) website, alongside the resolution of the U.S. government shutdown. These developments have injected fresh confidence into the cryptocurrency market, leading to a 10% increase in XRP’s value from an intraday low of $2.30 to $2.54. Trading volume has also skyrocketed by 125%, reaching over $6.2 billion in the past 24 hours, reflecting heightened investor interest.

How Are XRP ETF Listings on DTCC Impacting the Market?

The listing of 11 XRP ETFs on the DTCC platform marks a significant step toward broader accessibility for institutional and retail investors. Providers such as 21Shares, ProShares, Bitwise, Canary Capital, Volatility Shares, REX-Osprey, CoinShares, Amplify, and Franklin Templeton are involved, with these funds either active or poised for launch. While listing does not equate to full regulatory approval, it signals that the ETFs are in advanced stages of preparation for trading.

According to ETF analyst Nate Geraci, the end of the government shutdown could open the floodgates for spot crypto ETFs, potentially leading to the launch of the first ’33 Act spot XRP ETF as early as this week. This anticipation has contributed to the XRP price surge, as investors position themselves for increased liquidity and mainstream adoption. Data from market trackers shows that similar ETF developments for other cryptocurrencies, like Bitcoin and Ethereum, have historically preceded price rallies of 20-50% in the following months.

Furthermore, ongoing preparations by entities like Grayscale’s XRP Trust and WisdomTree’s XRP fund, which are not yet listed, suggest more positive announcements on the horizon. Canary Capital has indicated that its XRP ETF is “coming soon,” possibly by week’s end. These factors collectively enhance market sentiment, with XRP Ledger activity rising—daily active users now range from 19,000 to 29,000, indicating growing network engagement.

The token surged from $2.3 to $2.55 in a day, with over 123% surge in the trading volume to $6.2B over the same period

XRP, the native token of Ripple, is up 10% today after a week of downtrend. The token is currently trading at $2.54, up from an intraday low of $2.30. This follows a 125% surge in trading activity, with over $6.2 billion in trading volume over the last 24 hours. But what prompted this surge?

Apparently, the investors appear to be reacting to reports that several XRP exchange-traded funds (ETFs) have appeared on the U.S. Depository Trust and Clearing Corporation (DTCC) website, which means they may soon be available for trading. Additionally, the U.S. Senate has reportedly passed a deal to put an end to the government shutdown, which had been going on for weeks. As a result, the financial market seems to have gained some confidence, including the crypto market.

XRP Price Chart | Source: CoinMarketCap

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. 

Technical analysis and ledger activity

Frequently Asked Questions

What Causes a Sudden XRP Price Surge Like This One?

A sudden XRP price surge often stems from regulatory progress and macroeconomic stability. In this case, the DTCC listing of 11 XRP ETFs and the U.S. Senate’s resolution of the government shutdown have alleviated uncertainties, drawing in buyers. This has resulted in a 10% price jump to $2.54, with trading volume exceeding $6.2 billion, as reported by major market data aggregators.

Will XRP ETFs Launch Soon After DTCC Listing?

Yes, DTCC listings typically precede ETF launches by days or weeks, paving the way for seamless trading integration. Experts like Nate Geraci predict the first spot XRP ETF could debut this week, following the government shutdown’s end. This natural progression enhances XRP’s accessibility, potentially driving sustained price growth through increased institutional participation.

Key Takeaways

• ETF Momentum: The DTCC’s listing of 11 XRP ETFs from top providers signals imminent market entry, boosting XRP’s appeal to investors.
• Market Confidence: Ending the government shutdown has stabilized broader financial markets, spilling over to crypto with a 125% volume increase.
• Technical Outlook: With RSI at 70 and broken resistance at $2.30, monitor for potential rises to $2.68—conduct your own analysis before trading.

Conclusion

The XRP price surge to $2.54, propelled by DTCC ETF listings and the resolution of the U.S. government shutdown, underscores the token’s resilience and growing institutional interest. As XRP Ledger activity climbs with 19,000 to 29,000 daily users, further developments like additional ETF launches could sustain this upward trajectory. Investors should stay informed on regulatory updates and perform thorough due diligence to navigate the evolving crypto landscape effectively.

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.

XRP Daily Chart | Source: TradingView

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.

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