- U.S. spot XRP ETFs have accumulated over $622 million, led by Franklin Templeton and Bitwise.
- Analyst Ali Martinez predicts a rally to $2.60 if XRP clears the $2.35 resistance level.
- ETF issuers may use “stock split” mechanics to manage supply as accumulation accelerates.
The newly launched US spot XRP ETFs delivered one of the strongest openings in the crypto ETF space, raking in more than $622 million in cumulative net inflows as of November 25. This sustained institutional demand has fueled analyst calls for an XRP price surge to the $2.60 zone today.
$622 Million Floods Into XRP ETFs as Demand Accelerates
Data from the first two weeks of trading shows consistent growth across all major issuers. Canary Capital, Bitwise, Grayscale, and Franklin Templeton all recorded strong flows, with total daily net inflows on November 25 reaching $35.41 million.
Related: Bitcoin Rebounds to $89,200, XRP Soars 11%, Global Market Tops $3.02T
Early trading days saw Bitwise and Canary alone add over ten million XRP in a single session, as per SoSoValue. Such accumulation could tighten XRP supply, especially if additional issuers join the market.
Game designer Chad Steingraber, expect mechanisms similar to stock splits, which will allow ETFs to maintain accessibility while managing the quantity of XRP represented per share
The cumulative inflow has now touched $622.11 million, and total net assets across all products stand near $644 million. Franklin Templeton’s newly launched XRPZ ETF entered the market on November 25 and added more than 32 million XRP to its holdings at prices near $2.20.
While XRP ETFs were among the most active digital-asset funds yesterday, Bitcoin spot ETFs posted $129 million in inflows, Ethereum registered $78.58 million, and Solana recorded $53.08 million as well.
XRP Price Today: The Path to $2.60 Depends on $2.35 Breakout
XRP briefly surged through the $2.35 region following the Franklin Templeton launch but saw a pullback to $2.20 as profit-taking set in. Price action shows that the asset has rebounded off a crucial lower boundary of its trading channel, a level that has historically served as a reliable support.
Prominent analyst Ali Martinez said that the current structure indicates room for a move toward the channel’s midpoint near $2.60, especially if ETF inflows continue. A clean break above $2.35 would confirm renewed upward momentum, while the $2.60 level is the next major resistance.
On the other hand, a loss of support near $2.05 would introduce the possibility of a deeper pullback toward the $1.90 region, Martinez’s chart shows.
Related: XRP Price Prediction: Downtrend Stays Dominant as $39M Outflows Hit
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Source: https://coinedition.com/xrp-price-today-targets-2-60-surge-as-xrp-etfs-hit-622m-inflows/
