XRP Recovery Fades as ETF Optimism Meets Weak Market Sentiment
XRP’s recovery is losing steam as ETF optimism and institutional interest clash with weak macro data and cautious market sentiment. While the DTCC’s listing of five spot-XRP ETFs and upcoming launches by Canary Capital signal progress, traders await confirmation that fresh inflows can reignite momentum.
XRP recovery on the wane
XRP has shifted into the spotlight this week as new institutional pathways and regulatory cues begin to reshape the narrative around the token.
The Depository Trust & Clearing Corporation (DTCC) listed five spot-XRP exchange-traded funds (ETFs) in its “active/pre-launch” category, signalling a tangible step toward US institutional access.
Alongside this, filings from asset managers such as Canary Capital point to imminent launches, with November release dates now in view, fuelling optimism in the market.
However, the backdrop remains uneven. A surge in ETF optimism comes at the same time as XRP price performance continues to contend with risk-off conditions and technical caution.
Several analyses highlighted that while wallet creation on the XRP Ledger surged to eight-month highs - suggesting renewed institutional interest - broader market sentiment has been dampened by weak ETF flows overall and macro headwinds such as weak US labour data.
This convergence of clarity and caution has placed XRP in a “pre-catalyst” stage. Investors are watching to see if the ETF momentum and the DTCC listing translate into fresh inflows and definitive price movement.
If the token can leverage these developments, the stage may be set for a meaningful advance. Conversely, if launch timelines slip or institutional interest falters, XRP may remain range-bound or retreat until the fundamentals align.
XRP bullish case:
Since XRP managed to break through its accelerated October-to-November downtrend line and close above it on Monday, bullish sentiment seems to be back in play.
At present the breached downtrend line is being revisited but so far acts as support.
While no slip below Monday's low at $2.3464 is seen, the 200-day simple moving average (SMA) and 13 October high at $2.6310-to-$2.6477 remain in sight, together with the late October peak at $2.6972.
XRP bearish case:
While XRP remains below the $2.6972 October high, the risk of another down leg being witnessed remains in play.
A slip through Monday's $2.3464 low would put Sunday's low at $2.2401 and the mid-October trough at $2.1915 on the map.
Below it lies the major May and June lows $2.0807-to-$1.9096 support zone from which XRP recovered in early November.
XRP daily candlestick chart
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