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Five Spot XRP ETFs from Major Issuers Listed on DTCC
- Five spot XRP ETFs from Franklin Templeton, Bitwise, Canary Capital, 21Shares, and CoinShares have been listed on the DTCC platform, suggesting a potential US launch in the coming weeks.
- The registered ETFs include Franklin XRP Trust (XRPZ), 21Shares XRP ETF (TOXR), Bitwise XRP ETF (XRP), Canary XRP ETF (XRPC), and CoinShares XRP ETF (XRPL).
- Canary Capital plans to launch its XRPC ETF soon, using a "no-delay amendment" for approval within 20 days. Grayscale is also preparing to convert its existing XRP Trust into a spot ETF.
- XRP's price rose by 7.45% in the last 24 hours, with trading volume increasing by 64.86%, indicating potential for further movement.
- XRP is consolidating within a descending wedge pattern, which could lead to an upside breakout. Resistance is around $2.82, while support is near $2.19.
- Technical indicators: Bollinger Bands are tightening, RSI is at 46.9, and MACD is hinting at a bullish crossover.
- Analyst Ali Martinez suggests a possible bullish flag formation, with a dip to $1.90 potentially sparking a rally towards $10.