XRP RSI Reset Signals Bullish Setup as ETFs Near $1B

XRP monthly RSI retards to 54, indicating bullish consolidation, and ETF inflows reach 954M. 21Shares launch gives boost as price maintains key support levels.

XRP goes through a severe consolidation period as technical signals are pointing towards potential upside. The Relative Strength Index (RSI) drew back to 54 monthly. Institutional flows are still rising, and the participants in the market are closely observing this.

Current Monthly RSI lies at 54 levels according to ChartNerdTA on X. A healthy pullback is usually indicated by a pullback to 50 after a robust uptrend. XRP experiences a temporary consolidation within the current bullish trend. The arrangement implies the wait of a dynamic area of support.

Source:ChartNerdTA 

Price is above $2 in spite of the recent selling pressure. The asset is trading at 2.15, following support levels. Technical structure is maintained because buyers protect strategic points.

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ETF Momentum Builds Toward $1 Billion

There is no reduction in institutional appetite. Since the launch in November, XRP exchange-traded funds have raised over $954 million. ChartNerdTA on X notes that ETFs take on positive inflows in the fifth week of positive inflows. There was a net inflow of $56.98 million this week alone.

Source: ChartNerdTA 

There are five currently trading XRP spot ETFs in the United States with a combined 1billion in assets under management and 498.4million XRP tokens locked. Bitwise dominates daily at $404,000.

The XRPC product set is launched by Canary Capital. On November 14, the fund received $243.05 million. In close behind, with impressive performance, came Bitwise, Grayscale, and Franklin Templeton. Franklin XRPZ has the lowest management fee of 0.19 percent.

The streak now has 18 straight trading days. XRP ETFs registered inflows on 11 consecutive trading days that pushed cumulative inflows up to 75626 million. No single day has registered outflows since mid-November.

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21Shares Enters Crowded Field

21Shares XRP ETF was listed on the Cboe BZX Exchange. Its product trades as TOXR. The fund employs multi-custody storage through Coinbase Custody, Anchorage Digital Bank, and BitGo Trust Company.

The sponsor fee in 21Shares is 0.3 percent/year. The cost is computed on a daily basis and is paid every week in XRP. The ETF was seeded by Ripple Markets at 100 million XRP. The first acquisition costs about 226 million dollars in present value.

The Swiss issuer exposes Wall Street to European expertise. ChartNerdTA on X confirms that 21Shares Spot ETF gears rotation to launch based on the Cboe exchange. Total AUM becomes vertical, whereas price becomes range-bound.

21Shares operates more than 40 crypto exchange-traded funds across the world. The company has an estimated 50 percent market share of the crypto ETP market in Europe. TOXR is the initial European issuer of an XRP ETF in the US.

Price action is a wholesome corrective trend. XRP fell against $2.00 support on several occasions. The 1.90 to 2.00 range serves as a structural reference floor.

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