XRP Price Prediction: New XRP ETF Goes Live on NYSE – Wall Street Billions About to Flood In

XRP XRP News XRP Price Prediction
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Fresh XRP ETF launch ignites demand – XRP price prediction eyes a rebound as volumes jump 48% despite the market panic.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

A new exchange-traded fund (ETF) for XRP just hit the trading floor. This time, the firm behind it is Bitwise. Just a few hours after its launch, the fund has attracted $100 million in assets, favoring a bullish XRP price prediction.

Bitwise already had an exchange-traded product (ETP) linked to XRP – the Bitwise Physical XRP ETP.

This product managed $230 million in assets for investors, reflecting Wall Street’s existing appetite for the altcoin.

The launch occurs at a time when the crypto market is dipping hard. The market has panicked over the Federal Reserve’s change of heart concerning its interest rate decision in December.

XRP Price Prediction: XRP Could Be Ready to Bounce Back as Momentum Readings Hit the Extremes

XRP has dropped 10% to $1.80 as heavy selling pressure drags the market lower.

After breaking below a key trend line, the price appears headed for $1.77 — the level hit during the October 10 flash crash.

Trading volume has surged 48% to nearly $9 billion in the past 24 hours, now making up 8% of XRP’s circulating supply.

xrp price chart

Momentum is now deeply oversold.

The Relative Strength Index has crashed to 24 on lower time frames, a level that often precedes short-term bounces.

If XRP holds here and forms a double bottom, the path to recovery could target the $2.30 zone, offering a potential 21% rebound from current prices.

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In the Article
XRP
XRP
$1.9036
0.90 %

2M+

Active Monthly Users Around the World

250+

Guides and Reviews Articles

8

Years on the Market

70

International Team Authors
editors
+72 More
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