Two newly launched XRP exchange-traded funds absorbed around 80 million tokens on their first day, coinciding with the altcoin forming a bullish flag pattern after hitting resistance near $2.20.
XRP’s latest ETFs saw significantly stronger inflows compared with Solana’s recent debut. Nearly 80 million XRP tokens were accumulated within 24 hours, bringing total assets under management to $778 million, according to XRP Insights.
ETF Inflows Surge as Demand Strengthens
Grayscale’s GXRP attracted $67.4 million on launch, while Franklin Templeton’s XRPZ took in $62.6 million on Nov. 24. Combined, these inflows pushed XRP ETF assets above $628 million on day one. The strong demand exceeded early inflows seen during the launch of Solana’s ETF and came even as Bitcoin saw outflows.
Four XRP ETFs are now active. Canary’s XRPC leads with $331 million in cumulative net inflows, followed by Bitwise’s fund at $168 million. Analysts note that ETF absorption reduces circulating supply, but sustained inflows—not just launch-day demand—will determine XRP’s longer-term price advantage.
XRP advocate Chad Steingraber said each ETF share represents “10 to 20 XRP,” which could amplify demand over time. He added that persistent inflows may trigger FOMO-driven buying and allow ETFs to influence price dynamics more significantly.
More ETF activity is expected next week as 21Shares’ TOXR is anticipated to launch on Nov. 29 on Cboe BZX, following S-1 and Form 8-A approval. The product has a 0.50% fee and seeks $500,000 in seed capital, expanding U.S. spot exposure to XRP.
Bullish Flag Pattern Forms Near $2.20 Resistance
XRP has been the strongest performer among the top 10 cryptocurrencies, rising 5% over the past week from a $1.90 low to a $2.20 resistance level.
On the four-hour chart, XRP is forming a bullish flag pattern. A breakout above the flag could target the $2.35–$2.45 fair value gap while clearing liquidity levels at $2.30 and $2.35.
However, repeated failure to break above $2.20 may pull the price back toward the $2.10–$2.00 region, where significant buy-side liquidity remains. This leaves the short-term outlook mixed, with neither direction fully confirmed.
The relative strength index remains above 50, signaling firm demand. Yet XRP continues to trade below the 50, 100, and 200 EMAs on the four-hour chart, meaning the broader trend remains bearish despite short-term momentum.
