XRP ETFs Ignite: XRPR at $21.02 and XRPI at $15.08 as Bitwise and Canary Drive $10B ETF Momentum

XRP ETFs Surge as Institutional Flows Intensify

REX Osprey XRP ETF (BATS:XRPR) climbed sharply to $21.02, gaining 7.19% in one session, while the XRP ETF (XRPI) advanced 6.72% to $15.08, later settling slightly lower at $14.90 in after-hours trading. The two funds are now trading near their 52-week highs of $25.99 for XRPR and $23.53 for XRPI, signaling accelerating investor confidence ahead of potential SEC approval for a Bitwise XRP ETF. Intraday data shows XRPR trading between $20.58–$21.06, and XRPI between $14.72–$15.13, reflecting high volatility consistent with speculative inflows. The surge aligns with XRP’s spot price at $2.50, its strongest level in six months, and resistance now sits near $2.75 with support at $2.00, both defining near-term momentum thresholds.

Bitwise and Canary Funds Near Regulatory Finish Line

Bitwise Asset Management advanced its S-1 Amendment No. 4 filing with the U.S. SEC, confirming a New York Stock Exchange (NYSE) listing and a 0.34% management fee, widely seen as the final procedural milestone before approval. Bloomberg analysts Eric Balchunas and James Seyffart noted that the “shortened filing language” indicates potential trading within 20 days, aligning with Canary Funds’ planned November 13 launch. If approved, the XRP ETF could attract $5–$10 billion in inflows, placing it among the top 20 ETF debuts in U.S. history. Canary Capital CEO Steven McClurg reaffirmed the bullish view, suggesting that even $5 billion in inflows would cement XRP’s position as one of 2025’s defining institutional plays, potentially reshaping crypto ETF competition.

Technical Fragility Amid “Buy the Rumor, Sell the News” Risk

Despite optimism, the XRP/USD chart signals possible short-term exhaustion. Price action reveals a double-top structure and descending wedge pattern, suggesting weakening momentum. RSI and MACD divergence confirm the loss of bullish drive, with traders wary of a “sell-the-news” event similar to post-launch behavior seen in Bitcoin and Ethereum ETFs. Key supports lie between $1.80–$2.00, while the $2.60–$2.75 resistance zone remains decisive for a trend reversal. A sustained break above $2.75 could extend gains toward $3.00–$3.40, while any close below $1.90 would risk deeper correction. Institutional desks have begun rotational profit-taking following October’s 40% rally, but long-term funds continue accumulating on pullbacks, betting on ETF liquidity to drive the next upside leg.

Liquidity Shift Driven by ETF Pipeline and Fed Policy

The post-shutdown SEC review has accelerated multiple ETF filings, with the Bitwise XRP ETF expected to be first to gain approval. A 0.34% fee positions it competitively below peers, creating pressure across the ETF landscape. Canary’s removal of the delay clause in its filing could bypass regulatory lag, allowing its Nasdaq-listed product to debut ahead of schedule. The move mirrors Ethereum ETF issuers’ strategies earlier this year. Parallel to this, Ripple’s DFSA approval in Dubai and rising use of XRP in fintech settlements and payroll systems across Asia underscore a shift toward institutional-grade adoption. As liquidity broadens, these developments may reinforce XRP’s use case in regulated financial environments, solidifying its dual role as both an ETF asset and a transactional bridge token.

ETF Precedent: Flow-Driven Rallies in Crypto Markets

Historical data from Bitcoin (BTC) and Ethereum (ETH) ETFs provides context for XRP’s potential trajectory. BTC ETFs, launched in January 2024, captured $13 billion in six months, pushing Bitcoin up 67%, while ETH ETFs launched in July attracted $7.4 billion, lifting Ethereum 42%. Applying comparable metrics, projected $5–$10 billion XRP ETF inflows could fuel a 20–40% market value rise through 2026. XRPR’s $124.9 million net inflow since inception already signals early institutional positioning. Should approval materialize within the 20-day window, XRPR could test $23.50–$24.00, while XRPI may reach $16.80–$17.00, supported by aggressive inflow projections.

Macro Tailwinds: Rate Cuts, Trade Easing, and Capital Rotation

The Federal Reserve’s 25 bps cut to 3.75–4.00% triggered renewed risk appetite, benefiting high-beta assets like crypto ETFs. Concurrently, U.S.–China tariff reductions to 47% and Japan’s $550 billion investment pledge boosted confidence across risk markets. Ripple’s network continues to benefit from 8.9% growth in XRP Ledger transactions in Q3, confirming organic adoption beyond speculation. Institutional reallocation from defensive equities into crypto-linked ETFs has intensified since mid-October, aligning macro liquidity flows with technical strength in XRPR and XRPI.

Price Outlook and Investment Stance for XRP ETFs

Technical structures show XRPR resistance at $22.50–$23.00, with a 52-week high at $25.99, and support at $19.80. XRPI faces resistance near $16.00–$16.30 and support at $14.50–$14.70. Each $1 billion in ETF inflows could lift XRP’s value 5–8%, implying 20–40% upside under full demand realization. Considering the ETF’s cost advantage, macro alignment, and inflow potential, XRPR and XRPI maintain bullish bias with short-term volatility expected. Target ranges point to $3.00–$3.40 for XRP-USD, $24.00+ for XRPR, and $17.00 for XRPI by year-end under sustained institutional accumulation. Verdict: BUY — bullish continuation expected into Q1 2026.

That's TradingNEWS