XRP ETFs absorb 80M tokens: Is a new bull trend starting for the altcoin?

Biraajmaan Tamuly 5 minutes ago XRP ETFs absorb 80M tokens: Is a new bull trend starting for the altcoin? Two new XRP ETFs absorbed 80 million tokens on launch as the price formed a bullish flag after hitting resistance at $2.20. Listen 0:00 34 Altcoin Watch COINTELEGRAPH IN YOUR SOCIAL FEED XRP’s ( XRP ) newly launched exchange-traded funds (ETFs) absorbed nearly 80 million tokens on Nov. 24, sharply outperforming Solana’s recent ETF debut. The rapid inflows have pushed total assets under management (AUM) to $778 million, according to data from XRP Insights . Key takeaways: Grayscale and Franklin Templeton’s XRP ETFs absorbed nearly $130 million on product launch. Sustained ETF inflows and not just opening demand will determine XRP’s structural advantage in price recovery. XRP formed a bullish flag, but it remains in a technically bearish trend below key EMAs. XRP ETF start sparks market optimism for continued demand Grayscale’s GXRP pulled in $67.4 million, and Franklin Templeton’s XRPZ attracted $62.6 million during its launch on Nov. 24, pushing total XRP ETF assets above $628 million on that day. Nearly 80 million XRP tokens were absorbed in 24 hours, outpacing the early inflows recorded during recent Solana’s ( SOL ) ETF debut and occurring against a backdrop of Bitcoin outflows. XRP ETF tracker. Source: XRP Insight Currently, four XRP ETFs are live, with Canary’s XRPC on Nasdaq leading at $331 million in cumulative net inflows, followed by Bitwise’s XRP ETF at $168 million. Such rapid absorption matters because ETF demand directly pressures circulating supply, yet sustained inflows must continue to determine XRP’s long-term benefit. XRP advocate Chad Steingraber remained upbeat, noting that “each share is 10 to 20 XRP… a significant bump for the share price,” adding that sustained inflows could create a FOMO-driven volume surge, allowing the ETF to become an “influencer of market dynamics” over time. Meanwhile, XRP ETF mania is set to continue as 21Shares’ TOXR is speculated to launch on Nov. 29, on Cboe BZX after receiving S-1 and Form 8-A approval. The product carries a 0.50% fee and seeks $500,000 in seed capital, expanding US. spot XRP exposure. Related: XRP price ‘looking very bullish’ after 25% weekly gain: How high can it go? XRP’s bull flag is pivotal to break resistance at $2.20 XRP is the top performer in the top-ten assets, posting a 5% weekly recovery from a $1.90 low to $2.20, where immediate resistance has emerged. On the four-hour chart, XRP is forming a bullish flag, with a potential breakout targeting the $2.35–$2.45 sell-side fair value gap (FVG), while sweeping liquidity at $2.30 and $2.35. XRP four-hour chart. Source: Cointelegraph/TradingView However, a sustained failure to reclaim $2.20 increases the likelihood of a move toward the $2.10–$2.00 buy-side FVG, where key liquidity is concentrated. Thus, the current market remained undecided regarding the immediate directional bias. The relative strength index (RSI) remained above 50, indicating strong short-term demand; however, the overall trend is still downward, with XRP trading below the 50, 100, and 200 exponential moving averages (EMAs) on the four-hour chart. Related: Grayscale spot Dogecoin ETF falls under volume expectations on debut This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. # Cryptocurrencies # Altcoins # Investments # XRP # Markets # United States # Cryptocurrency Exchange # Price Analysis # Grayscale # Market Analysis # Solana # ETF Add reaction