Momentum for institutional adoption of XRP is skyrocketing as the Depository Trust & Clearing Corporation (DTCC) has added five spot XRP exchange-traded funds (ETFs) to its database, marking a significant pre-launch milestone.
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The list includes products from Bitwise, Franklin Templeton, 21Shares, Canary Capital, and CoinShares, all of which are classified as “active and pre-launch.”
DTCC lists 5 spot XRP ETFs, indicating financial institutions are ready
Although the U.S. Securities and Exchange Commission (SEC) has not yet given final approval, analysts see the DTCC listing as a strong operational signal. The same process took place before the Bitcoin and Ethereum ETF debuted earlier this year.
Market participants currently expect the first XRP ETFs to become operational by mid- or late-November, given the SEC’s newly streamlined listing rules that avoid long procedural delays.
Canary Capital CEO Steven McClurg hinted to X that the company’s XRPC ETF could be launched “next week,” reflecting the company’s rapid rollout of Litecoin and Hedera ETFs. Meanwhile, Franklin Templeton and 21Shares filed final amendments with the SEC, starting a 20-day countdown to when trading could begin soon.
The price of XRP has recorded some gains on the daily chart. Source: XRPUSD on Tradingview
XRP price maintains important range as analysts predict $10 rally
Amid the ETF momentum, XRP is up 8% in the past 24 hours, trading at around $2.47. Although it has corrected 25% from October’s high of $3.09, analysts see current levels as a setup before a potential breakout.
Two prominent market analysts, Ali Martinez and Cryptotrica, both predict a rally towards $10, citing bullish technical structure and ETF-led inflows as catalysts. Martinez identified a rectangular range between $1.90 and $3.38 and argued that a final retest near $1.90 could precede an explosive rally.
Meanwhile, Cryptollica’s four-phase market model places XRP in the final “Phase 4” stage, a stage historically associated with parabolic rallies.
The technical chart also shows a tightening of the Bollinger Bands, an RSI near 47, and a possible bullish crossover in the MACD, suggesting that momentum may be shifting in the buyers’ favor.
Institutional Investor Flow Could Redefine XRP Market Dynamics
The arrival of Spot XRP ETF will mark a turning point in digital asset finance by integrating one of the most liquid blockchain assets into a regulated investment channel. Analysts estimate that initial inflows could exceed $1 billion in the first few months, mirroring the pattern seen with the Solana and Ethereum ETFs.
As the U.S. government reopens and dollar liquidity expands, XRP’s regulated status and ETF exposure could attract large government bond buyers and fund managers.
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If institutional demand meets the technical breakout signal, the $10 target will move from speculative optimism to short-term probability, potentially setting the stage for XRP’s most significant bullish phase since 2018.
Cover image is from ChatGPT, XRPUSD chart is from Tradingview
