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XRP Gains Momentum as Spot ETFs Hit DTCC Pre-Launch
XRP is showing renewed strength as traders price in the potential arrival of spot XRP exchange-traded funds (ETFs). The token traded at $2.46 at press time, up roughly 8.7% in the last 24 hours, and has been consolidating between $2.12 and $2.46 over the past week. Despite the advance, XRP remains about 32% below its July peak of $3.65.
Daily on-chain and exchange data point to heavier activity: reported spot volume rose to $3.93 billion (a 54.9% increase), derivatives turnover climbed to $6.43 billion (up 56%), and futures open interest expanded to $3.56 billion (a 7% rise). Rising open interest and futures volume typically signal traders are establishing new positions ahead of anticipated market-moving catalysts, including potential ETF approvals and launches.
DTCC Listings Signal Operational Readiness
A crucial structural update arrived when multiple spot XRP ETFs were added to the Depository Trust & Clearing Corporation (DTCC) website under the “active and pre-launch” section as of Nov. 10. The DTCC is the central clearing hub that handles settlement and custody for most U.S. securities and ETFs. A listing there indicates funds have completed key operational workstreams such as settlement setup, custody integration and clearing arrangements — steps that precede final Securities and Exchange Commission (SEC) sign-off.
Among the vehicles now visible on the DTCC roster are Franklin XRP Trust (XRPZ), 21Shares XRP ETF (TOXR), Bitwise XRP ETF (XRP), Canary XRP ETF (XRPC) and CoinShares XRP ETF (XRPL). Additional filings, including REX-Osprey XRP ETF (XRPR) and leveraged products such as Volatility Shares 2x XRP (XRPT), are also part of the preparatory lineup.
Insiders and market participants are eyeing mid-November for the first wave of launches, with November 13 mentioned by some as a possible start date. If approvals follow the path taken by Bitcoin ETFs, institutional inflows could scale quickly, bringing substantial capital from Wall Street into the XRP market and materially changing market structure.
Technical Outlook: Resistance at $2.70, Support at $2.17
From a technical-analysis perspective, XRP’s short-term setup appears constructive. The token has been trading near the upper band of the Bollinger Bands, which is often associated with bullish momentum. The relative strength index (RSI) sits around 50, suggesting there is still room for upside before the market becomes overbought.
XRP daily chart
The convergence of the upper Bollinger Band and the 50-day moving average near $2.70 represents the next immediate resistance. A decisive break above $2.70 could open a pathway toward $3.00 and, if momentum remains strong, a retest of the July high at $3.65. Conversely, $2.17 remains a key support level; a drop below that zone could trigger renewed selling pressure and deepen short-term downside.
What Traders Should Watch
- Regulatory signals from the SEC and any official ETF approvals or launch dates.
- Continued increases in spot and derivatives volume, which would confirm higher institutional participation.
- Price action around $2.70 (resistance) and $2.17 (support) for trade setup clarity.
- Shifts in open interest and futures funding rates that can indicate leverage-driven moves.
As the market digests DTCC pre-launch listings and traders position for potential ETF flows, XRP could see larger intraday ranges and higher volatility. For investors focused on crypto ETFs, XRP’s evolving listing story, coupled with improving technicals, makes the token an asset to watch as institutional demand and market structure continue to develop.
Source: crypto
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