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BREAKING: XRP ETF Goes Live Today!
Bitwise just dropped a bombshell: their spot XRP ETF is officially tradingright nowon the New York Stock Exchange. Forget waiting – this is happening! Bitwise is hailing it as a monumental leap for XRP, currently flexing its muscles as the world’s third-largest crypto by market cap.
Want proof? The ticker, a sleek and coveted “XRP,” is already live on Bloomberg. That single symbol speaks volumes about XRP’s arrival on the big stage. Get ready for the ride!
A brief rally back to $2.26 remains on the table, but all eyes are glued to the $2.03 mark – the critical line in the sand that will determine if this market correction holds, or folds.
Why This ETF Matters for XRP
Forget Bitcoin ETFs. This fund could trigger an XRP “supply shock” as authorized participants scramble to secure the token and fuel its launch.
Adding fuel to the fire, analysts predict a demand surge ignited by global economic currents. One such catalyst, dubbed the “reverse carry trade” by Jake Claver, could unleash a tidal wave of capital into crypto. Picture this: rising interest rates in Japan incentivizing investors to pull funds from overseas assets and reinvest domestically. But instead, they see greener pastures – and higher returns – in the crypto market.
Claver believes a “domino effect” could ignite a long-term XRP demand cycle, fueled by institutional adoption as legitimate payment rails.
Whispers are growing louder: Could 2025 see BlackRock unleashing an XRP ETF? If so, the scramble for XRP could intensify, turning the market into a pressure cooker.
Will the Bitwise ETF Trigger a Rally?
Ripple’s rocket may ignite today, drawing in a flood of new capital. But hold on! Analysts predict XRP could mimic Bitcoin and Ethereum’s initial ETF stumbles, trading in a frustratingly sideways pattern before truly taking off. Expect turbulence before the launch settles into a smooth trajectory.
However, the main question is not whether XRP jumps today, but whether:
- inflows continue this week
- new ETFs launching on November 20–22 add more buying pressure
- institutions accumulate XRP throughout December
“Today’s ETF launch might be more than just a blip; with a rising tide of new ETFs and major financial institutions wading into the space, it could signal the dawn of a sustained surge in demand.”
If inflows remain strong, XRP may attempt another rally once the wider correction settles.
Thanks for reading Will XRP Price Rally After the Bitwise ETF Goes Live Today?
