Momentum for institutional adoption of XRP has surged as the Depository Trust & Clearing Corporation (DTCC) added five spot XRP exchange-traded funds (ETFs) to its database, marking a key pre-launch milestone.
Related Reading: MEXC Users At Risk Of Losing Their Crypto? Ex-Public Advisor Exposes ‘Structural Rot’
The listings include products from Bitwise, Franklin Templeton, 21Shares, Canary Capital, and CoinShares, all of which are categorized as “active and in the pre-launch stage.”
While the U.S. Securities and Exchange Commission (SEC) has yet to give final approval, analysts view DTCC listings as a strong operational signal. The same process preceded the debut of Bitcoin and Ethereum ETFs earlier this year.
Market participants now expect the first XRP ETFs to go live by mid or late November, given the SEC’s newly streamlined listing rules that bypass lengthy procedural delays.
Canary Capital’s CEO Steven McClurg hinted on X that their XRPC ETF could launch “next week,” echoing the firm’s rapid rollout of Litecoin and Hedera ETFs. Meanwhile, Franklin Templeton and 21Shares have filed final amendments with the SEC, triggering the 20-day countdown that could see trading begin imminently.
Amid the ETF momentum, XRP trades at around $2.47, up 8% in the past 24 hours. Despite a 25% correction from October highs of $3.09, analysts see current levels as a setup phase before a potential breakout.
Ali Martinez and Cryptollica, two prominent market analysts, both forecast a rally toward $10, citing bullish technical structures and ETF-driven inflows as catalysts. Martinez identified a rectangle range between $1.90 and $3.38, arguing that a final retest near $1.90 could precede an explosive upward leg.
On the other hand, Cryptollica’s four-phase market model places XRP in its final “Phase 4” advance, the stage historically associated with parabolic rallies.
Technical charts also show tightening Bollinger Bands, an RSI near 47, and a possible MACD bullish crossover, hinting that momentum may be shifting in favor of buyers.
The arrival of spot XRP ETFs would mark a watershed moment in digital asset finance, integrating one of the most liquid blockchain assets into regulated investment channels. Analysts estimate that early inflows could exceed $1 billion in the first few months, mirroring the pattern seen with Solana and Ethereum ETFs.
As the U.S. government reopens and dollar liquidity expands, XRP’s regulated status and ETF exposure could attract large treasury buyers and fund managers.
Related Reading: Here Are The Bitcoin Whales That Have Been Dumping BTC And Crashing The Price
If institutional demand meets technical breakout signals, the $10 target may shift from speculative optimism to near-term probability, setting the stage for XRP’s most significant bull phase since 2018.
Cover image from ChatGPT, XRPUSD chart from Tradingview
