The post XRP Price Holds Above Key Support as ETF Launch Generates $85.7M in First-Day Volume—What’s Next? appeared first on Coinpedia Fintech News
XRP’s long-awaited ETF debut has delivered a stronger-than-expected first push, with the four newly listed funds generating $85.7 million in opening-day trading volume. The inflows are already reshaping intraday price behavior—even as XRP price hovers in a tight technical range and tests a critical support zone.
Bitwise led convincingly with $36.6M, Franklin Templeton followed at $23.6M, Canary posted $18.7M, and Grayscale trailed at $6.7M, signaling an early demand imbalance that traders will be watching closely through the week.
XRP Price Analysis: Support Holds, but Breakout Requires a Key Trigger
On the charts, XRP continues to respect the micro-support band around $1.9, bouncing precisely from the 38.2% Fibonacci retracement at $2.22. This level remains the immediate demand zone, preventing deeper downside.
For the bullish structure to stay intact, XRP must continue printing higher lows above $2.27–$2.18. So far, price action remains constructive, but momentum is capped below the $2.69–$2.84 resistance, which is the key breakout trigger for a trend reversal.
A daily close above this range would shift the medium-term outlook decisively bullish and open the path toward higher Fibonacci targets.
XRP ETF Demand Strengthens as Volume Hits $85.7M
In the past 24 hours, XRP ETFs have generated $85.7 million in combined trading volume, marking one of the strongest openings for a newly listed crypto fund group. Bitwise led decisively with $36.6M, followed by Franklin Templeton at $23.6M, Canary at $18.7M, and Grayscale trailing at $6.7M.
This early distribution highlights concentrated institutional confidence in Bitwise’s product. Intraday flow shows clear strength during U.S. ETF trading hours, suggesting these vehicles are increasingly shaping XRP’s liquidity profile. If demand holds through the week, ETF momentum could act as the catalyst for a broader breakout—especially if price moves closer to the key $2.69–$2.84 resistance zone.
Conclusion
XRP is holding its ground at a crucial support zone while ETF-driven interest injects steady liquidity into the market. The first day’s $85.7M volume signals that institutional curiosity is stronger than sentiment suggests.
All eyes now turn to the $2.69–$2.84 resistance. A breakout above this zone would confirm a shift in the trend and potentially accelerate XRP toward a new medium-term rally.