XRP Surges 6% as Price Shows 'Higher Highs,' DTCC Lists Five Spot ETFs

💡 DMK Insight

XRP’s recent surge to $2.56 is fueled by renewed ETF optimism, and here’s why that matters: The amended S-1 filings from major players like Canary Capital and Franklin Templeton signal a serious push for spot XRP ETFs, which could legitimize XRP in the eyes of institutional investors. This is crucial as it aligns with broader market trends where regulatory clarity is becoming a key driver for crypto adoption. If the SEC approves these ETFs, we could see a significant influx of capital, potentially pushing XRP beyond its current levels. Traders should keep an eye on the $2.75 resistance level, as a breakout here could trigger a bullish momentum. But let’s not ignore the flip side—if the SEC delays or rejects these applications, XRP could face a sharp correction. The market’s reaction to regulatory news has been volatile, so it’s essential to monitor sentiment closely. Watch for trading volume spikes around key announcements, as they often precede significant price movements. With the daily chart showing a bullish pattern, traders should be prepared for both scenarios as we approach critical decision points.