Cryptocurrency ETFs outside of the two major players, Bitcoin and Ethereum, have been eagerly awaited and have sparked considerable interest. A report by the Depository Trust & Clearing Corporation (DTCC) has noted that the five Ripple spot ETFs classified as “active and in the pre-launch phase” by Bitwise, Franklin Templeton, 21Shares, Canary Capital, and CoinShares have sparked investor interest. They even point to a rise in the price of XRP to $10, according to James Halver in News BTC.
Although the U.S. Securities and Exchange Commission (SEC) has not yet given its final approval, analysts consider the inclusion of these ETFs in the DTCC database to be a clear operational signal. This same process preceded the launch of Bitcoin and Ethereum ETFs earlier this year.
Market participants now expect the first XRP ETFs to launch in mid- to late November, thanks to the SEC’s new simplified listing rules that avoid lengthy procedural delays.
Canary Capital CEO Steven McClurg hinted that his XRPC ETF could launch next week, following in the footsteps of the rapid launch of Litecoin and Hedera ETFs. Meanwhile, Franklin Templeton and 21Shares have filed final amendments with the SEC, triggering the 20-day clock that could allow for imminent trading to begin.
XRP price remains within a key range as analysts predict a $10 rally
Amid the ETF momentum, XRP is trading around $2.47, up 8% in the last 24 hours. Despite a 25% correction from October’s highs of $3.09, analysts believe that current levels constitute a preparation phase before a possible rebound.
Ali Martinez and Cryptollica, two prominent market analysts, predict a rebound toward $10, citing bullish technical structures and ETF-driven capital inflows as catalysts. Martinez identified a rectangular range between $1.90 and $3.38, arguing that a final test near $1.90 could precede a strong upward momentum.
On the other hand, Cryptollica’s four-phase market model places XRP in its final phase of advancement, “Phase 4,” the stage historically associated with parabolic rallies.
Institutional flows could redefine the dynamics of the XRP market
The arrival of spot XRP ETFs would mark a milestone in digital asset finance, integrating one of the most liquid blockchain assets into regulated investment channels. Analysts estimate that initial capital inflows could exceed $1 billion in the first few months, following the trend seen with Solana and Ethereum ETFs.
As the US government reopens and dollar liquidity increases, XRP’s regulated status and exposure to ETFs could attract large Treasury bond investors and fund managers.
If institutional demand coincides with technical breakout signals, the $10 target could shift from mere speculation to a short-term probability, setting the stage for XRP’s most significant bullish phase since 2018.
Ripple opened higher on Tuesday at $2.52. The 200-period moving average is above the last thirty candles, the RSI is up at 53 points, and the MACD lines are below zero.
Medium-term resistance is at $3.18. Meanwhile, Ei indicators are mixed.
Source: Yahoo!finanzas
