The post XRP ETF News: Multiple ETFs Listed on DTCC Ahead of Launch appeared first on Coinpedia Fintech News
XRP is one step closer to getting its own exchange-traded funds. Reports show that several XRP spot ETFs are now listed on the Depository Trust and Clearing Corporation (DTCC), which handles most stock trades in the United States. This listing means the funds are ready for trading once they get final approval from the U.S. Securities and Exchange Commission (SEC).
XRP holders are still waiting for the government to reopen and for the SEC to make its decision. A DTCC listing does not mean the ETFs are approved yet, but it is a required step before they can launch. It shows that the fund managers have completed most of the setup work and are prepared to trade once regulators give the go-ahead.
The listed ETFs include offerings from Bitwise, Canary Capital, CoinShares, Volatility Shares, Amplify, Franklin Templeton, and 21Shares. Names appearing on the DTCC system include Bitwise XRP ETF (XRP), Canary XRP ETF (XRPC), Volatility Shares XRP ETF (XRPI), ETF Opportunities T-REX 2x Long XRP (XRPK), CoinShares XRP ETF (XRPL), Amplify XRP 3% Monthly ETF (XRPM), ETF Opportunities T-REX Osprey XRP (XRPR), Volatility Shares 2x XRP ETF (XRPT), Franklin XRP ETF (XRPZ), and 21Shares XRP ETF (TOXR).
XRP Data Looks Like Bitcoin Before Its ETF Launch
Blockchain data shows that XRP’s supply on exchanges is now the lowest it has been since early 2021. Meanwhile, the number of wallets holding between one million and ten million XRP has reached an all-time high.
This trend, fewer coins on exchanges and more held by large investors, has often come before big price rallies. It’s the same pattern seen before both Bitcoin and Ethereum ETF approvals, when whales quietly bought up tokens months before public excitement began.
XRP Price Faces Resistance Amid Bearish Trend
XRP is still stuck in a bearish trend, with the weekly chart showing a long-term downward pattern. The price has been influenced by a large bearish divergence that has played out over the past few months. While this shows ongoing weakness, the daily chart shows a small bullish divergence, hinting that XRP could see a short-term recovery or sideways movement in the coming days.
However, the price continues to face strong resistance between $2.30 and $2.40. Each attempt to move higher has been rejected, keeping XRP trapped in a narrow range. If the price breaks above $2.40 and holds, it could rise toward the next resistance at $2.60 to $2.70. Until then, the market can expect choppy sideways action and only brief relief from the bearish trend.