DTCC Lists Five Spot XRP ETFs, Analysts Predict $10 Price Surge

Institutional Adoption of XRP Grows:

  • The Depository Trust & Clearing Corporation (DTCC) added five spot XRP ETFs to its database.
  • ETFs are from Bitwise, Franklin Templeton, 21Shares, Canary Capital, and CoinShares.
  • These ETFs are in the "active and pre-launch stage."

DTCC's Move Indicates Institutional Readiness

  • SEC approval is pending, but DTCC listings are seen as a strong operational signal.
  • XRP ETFs expected to launch by mid or late November.
  • Canary Capital’s CEO hinted at a possible launch "next week" for their XRPC ETF.
  • Franklin Templeton and 21Shares have filed final amendments with the SEC.

Ripple XRP XRPUSD

XRP Price Dynamics

  • XRP trades at around $2.47, up 8% in the past 24 hours.
  • Analysts predict a potential rally toward $10 as ETF-driven inflows act as catalysts.
  • Technical indicators suggest a bullish setup, with tightening Bollinger Bands and possible MACD crossover.

Impact of Institutional Flows on XRP

  • Spot XRP ETFs could integrate XRP into regulated investment channels.
  • Early inflows might exceed $1 billion, similar to Solana and Ethereum ETFs.
  • XRP's regulated status and ETF exposure could attract large treasury buyers and fund managers.
  • If institutional demand aligns with technical signals, the $10 target may become a near-term probability.