The launch of U.S. spot XRP exchange-traded funds (ETFs) has ignited a significant rally in XRP's price and institutional interest. According to data from SoSoValue, these ETFs recorded cumulative net inflows of $666.61 million just two weeks after their U.S. debut, with total net assets climbing to $687.81 million. This surge in demand has propelled XRP's price upward by 16% over the past seven days, with the token holding firmly above the $2.20 support level and analysts projecting a potential move toward $3.00 if momentum persists.
Key contributors to this rally include substantial whale activity, with large wallets accumulating approximately 150 million XRP tokens since November 25, representing an investment of around $330 million at current prices. Trading volume for XRP derivatives increased by 25.29% to $5.96 billion, though open interest saw a slight decline of 0.05% to $4.19 billion. Technical indicators such as the Relative Strength Index (RSI) near 52 and the Moving Average Convergence Divergence (MACD) line hovering near the center suggest room for further upside and increased volatility.
The ETF landscape expanded with 21Shares' spot XRP ETF (ticker: TOXR) set to begin trading on Monday, following SEC approval via an 8-A filing on November 7. This product, which carries a 0.50% management fee and aims for $500,000 in initial capital, tracks the CME CF XRP–Dollar Reference Rate, providing investors with direct exposure to XRP's spot price without the need for self-custody. It joins other recently launched XRP ETFs from providers like Grayscale (GXRP, with $67.36 million inflows) and Franklin Templeton (XRPZ, with $62.59 million inflows), marking the fifth XRP-focused ETF in the U.S. market.
Amid this growth, Ripple executive Reece Merrick highlighted the rapid adoption of the RLUSD stablecoin, which surpassed $1 billion in circulation on Ethereum in under a year. Merrick noted that stablecoins are evolving beyond trading into global payments, with on-chain transfers projected to reach $46 trillion in 2025, up from $0.5 trillion in 2020. He stated, "Stablecoins are becoming a new layer for internet payments," attributing this trend to regulatory support like the GENIUS Act and Ripple's push for tokenization.
The broader crypto market recovery, with Ethereum above $3,000 and assets like Solana and Cardano gaining, has further bolstered XRP's outlook. Analysts suggest that if Bitcoin maintains levels above $90,000, XRP could see additional gains, driven by sustained ETF inflows and whale accumulation.
