XRP Price: Token Gains 5% Following Franklin Templeton and Grayscale ETF Launches

TLDR

• XRP jumped 5% to $2.25 on November 25 as the crypto market recovered to a $3 trillion total market cap
• Franklin Templeton and Grayscale launched XRP ETFs on NYSE Arca on November 24, joining Canary Capital’s earlier product
• XRP bounced from $2.00 support level and is trading around $2.19, moving toward $2.60 resistance
• On-balance volume surge indicates strong buyer interest in XRP following the ETF launches
• XRP has gained over 50% in the past year but remains 15% below its price from a month ago

XRP recovered on November 25 as the cryptocurrency market reached a $3 trillion total market cap. The token gained as much as 5% to hit $2.25 during trading.

The fourth-largest cryptocurrency by market cap saw buying pressure return after weeks of declining prices. Bitcoin and Ethereum also moved higher during the same period.

The price movement came after Franklin Templeton and Grayscale launched XRP exchange-traded funds on November 24. Both products began trading on NYSE Arca.

Franklin Templeton’s XRPZ and Grayscale’s GXRP give investors regulated access to XRP through traditional brokerage accounts. David Mann from Franklin Templeton said XRPZ provides a convenient way to access the digital asset through the oversight of an ETF structure.

Krista Lynch from Grayscale stated that GXRP offers efficient tracking and straightforward exposure to XRP. Canary Capital had already launched its XRPC product earlier in November.

ETF Activity Drives Interest

Other asset managers including Bitwise have filed to launch their own XRP products. The increased ETF activity follows growing institutional interest in cryptocurrency investment vehicles.

XRP bounced from the $2.00 support level where the token found buyers. The 3-day chart shows the price reversing course after touching the lower boundary of its trading channel near $1.95 to $2.00.

Technical analysis shows XRP trading within a multi-month channel pattern. The channel’s midpoint sits around $2.60 and has served as both support and resistance throughout 2025.

Technical Levels in Focus

At the time of writing, XRP was trading at $2.20, up 0.4% for the day. The current price represents a climb from the recent low of $2.02.

Crypto analyst Mikybull Crypto described the price trend as very bullish. The analyst pointed to rising on-balance volume as evidence of buyer interest in the token.

XRP remains more than 15% below its price from one month ago. The token is still trading under its late-summer range of $3.00 to $3.40.

Over a one-year period, XRP has gained more than 50%. The token’s movement from the channel bottom follows a pattern seen earlier in 2025 when it recovered from similar levels.

The $2.60 level represents the next technical resistance based on historical price action. XRP is moving toward this midpoint area as buying pressure builds.

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