The conversion structure reduced friction for allocators who wanted regulated exposure without operational changes to custody arrangements. GXRP's steady flows demonstrate how institutional familiarity still matters in ETF adoption, even when competitors offer lower fees.Grayscale's strength came from existing relationships. Assets from its XRP Trust rolled directly into GXRP at launch, creating instant scale without requiring new capital commitments. The fund now manages more than $220 million, and that ca ...

Core Insights - XRP has slipped below the $2.20 threshold due to a daily death cross, indicating renewed selling pressure and a critical support test that may influence the broader market correction into December [1] - Long-term holders and institutional investors are accumulating XRP despite short-term liquidation flows driven by derivatives unwinding and risk-off sentiment in the crypto market [1] Market Dynamics - Binance exchange reserves have decreased to 2.7 billion XRP, the lowest level in over a year, following the exit of approximately 300 million XRP from the platform since October [2] - XRP's price failed to maintain strength driven by ETF inflows, with Franklin Templeton's XRPZ and Grayscale's GXRP experiencing three consecutive sessions of net inflows [2] - The price breakdown from $2.22 to $2.18 confirmed rejection at the $2.23–$2.24 resistance zone, reinforcing a descending price channel observed over the past two weeks [2] Technical Analysis - The death cross adds structural weight to the current price pattern, aligning with a series of lower highs at $2.185, $2.180, and $2.178 [2] - Momentum indicators show persistent selling pressure, with the RSI failing to reclaim the midline and the MACD drifting deeper into negative territory [2] - XRP's price remains below all major short-term moving averages, with the 50-day average slope accelerating downward, historically indicating follow-through selling rather than immediate reversals [2] On-Chain Analysis - On-chain flows indicate an improving underlying bid, with steady ETF inflows and decreasing exchange balances suggesting a shift towards mid-term accumulation despite the bearish near-term chart [2]

Core Insights - The cryptocurrency market experienced a modest recovery on November 25, with the total market capitalization reaching $3 trillion, driven by a rise in nearly all cryptocurrencies, particularly XRP, which saw a significant increase of 5% to $2.2551 [1][2]. Group 1: XRP ETF Launch - The recent rally in XRP is attributed to the launch of two exchange-traded funds (ETFs) on NYSE Arca on November 24, namely Franklin Templeton's XRP ETF (XRPZ) and Grayscale's GXRP, which provide regulated access to XRP for investors [2]. - David Mann from Franklin Templeton emphasized that XRPZ offers a convenient and regulated way to access a digital asset crucial for global settlement infrastructure [2]. - Krista Lynch from Grayscale noted that GXRP is designed for efficient tracking and straightforward exposure to XRP for investors [2]. Group 2: Market Sentiment and Performance - Analyst Mikybull Crypto described the XRP price trend as "very bullish," highlighting a surge in on-balance volume (OBV), indicating strong buyer interest in XRP [3]. - As of the report, XRP was trading at $2.20, reflecting a slight increase of 0.4% in a day, although it remains over 15% lower than its price a month ago [3]. - Over the past year, XRP has experienced a significant surge of more than 50% [4].

RT BSCN (@BSCNews)GRAYSCALE LAUNCHES XRP TRUST ETF UNDER TICKER GXRP- @Grayscale has announced that its $XRP Trust ETF (Ticker: GXRP) has begun trading on NYSE Arca, making XRP exposure available through a publicly traded investment vehicle for the first time from the company.- The exchange-traded product holds XRP tokens, though investment in GXRP does not constitute direct ownership of the cryptocurrency.Key Highlights:- The XRP Ledger has processed over 4 billion transactions since its launch in 2012, op ...

JUST IN: Grayscale's $XRP Trust ETF $GXRP is now live on NYSE Arca ...