Now That The XRP Price Is Dead, What’s Next? XRP ETF Buzz Heats Up as REX-Osprey Prepares Spot Launch

Core Insights - Speculation around XRP price and the XRP spot ETF has increased following REX Shares' announcement of the REX-Osprey XRP ETF, which will begin trading soon, potentially marking the first US fund offering direct exposure to XRP [1] - Industry experts express skepticism about the ETF's structure, with some labeling it a "clever regulatory end-around" and noting that it is not purely spot but a hybrid [2] - The anticipated Clarity Act is expected to provide regulatory clarity for digital assets like Bitcoin and XRP, with Congress likely to sign it into law between Thanksgiving and Christmas [4] Price Action and Technical Analysis - Following the ETF announcement, XRP stabilized around $3.02 after heavy selling pressure, with key support at $3.01 and resistance at $3.04-$3.05 [5] - The 20 SMA has crossed above the 200 SMA, indicating a potential bullish momentum, but current flattening suggests indecision in the market [5] - The price action indicates that $3.01 is a critical support level, while a breakout above $3.04-$3.05 could lead to further upward movement [5]