- 5 XRP spot ETF applications listed on DTCC platform ahead of potential launch.
- XRP surges 8% as institutional flows accelerate across major exchanges Tuesday.
- Analysts identify the $1.85-$2 zone as a strong support base with potential to $5-$8.
Multiple asset managers have listed their spot XRP exchange-traded fund applications on the DTCC platform. Bitwise, Franklin Templeton, 21Shares, Canary Capital, and CoinShares have advanced their filings as the token posts strong price performance.
XRP extended its breakout, surging 8% to $2.40 as institutional flows increased across major exchanges. The token broke decisively above $2.35 resistance and shows its strongest single-session gain in over a week. The move established new cycle highs near $2.47 before entering consolidation.
Coordinated filings streamline approval path
Bitwise, Franklin Templeton, Canary Capital, and 21Shares filed amended S-1 registration for spot XRP ETFs. The applications introduced standardized listing language designed to streamline SEC review under existing 8(a) procedures.
The five spot XRP ETFs have been listed on DTCC ahead of a potential U.S. launch this month. Analysts view the coordinated filings as a potential fast-track toward automatic approval, echoing regulatory momentum seen during Bitcoin and Ethereum ETF approval cycles earlier this year.
The progression follows successful launches of Bitcoin and Ethereum spot ETFs, which established precedents for altcoin product approvals. Market observers have identified key technical levels supporting bullish scenarios. Crypto analyst Patel highlighted $1.85-$2 as a strong support zone characterized by liquidity and institutional accumulation.
Technical patterns suggest upside potential
Analyst Ali identified a bullish flag formation on XRP charts and suggested a dip to $1.90 could cause a rally toward $10. “The dream scenario: $XRP is forming a bullish flag, and a dip to $1.90 could be the spark for a rally toward $10,” Ali posted.
XRP becoming the next major ETF story after Bitcoin and Ethereum depends on several factors. SEC approval timing, institutional demand for XRP exposure, and the token’s ability to maintain technical momentum will decide if these products match the success of earlier crypto ETF launches.
The DTCC listing is a procedural advancement rather than final approval. However, the coordinated approach by multiple major issuers suggests confidence in approval prospects. Bitcoin and Ethereum ETFs attracted billions in assets following their launches, creating precedent for altcoin products.
Related: https://coinedition.com/xrp-dominance-burns-jump-price-breakout/
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Source: https://coinedition.com/is-xrp-the-next-big-etf-story-after-bitcoin-and-ethereum-approval-waves/