The price of XRP experienced a significant rally, trading at $2.08, driven by the official debut of new exchange-traded funds. Brad Garlinghouse, Ripple CEO, confirmed that this “pre-Thanksgiving rush” marks a historic milestone, as the XRP ETF officially opens the doors to regulated institutional investment on the New York Stock Exchange. The arrival of these financial vehicles, under the tickers GXRP and XRPZ, validates the asset’s maturity in the face of past regulatory uncertainty.
Grayscale and Franklin Templeton commenced trading of their respective products this November 24 on NYSE Arca. Franklin Templeton introduced the ticker XRPZ tracking the CME CF reference rate, while Grayscale launched its trust under the symbol GXRP, promoting zero initial fees to attract capital. These launches have generated institutional inflows worth 89.3 million dollars, contrasting drastically with the massive outflows suffered by Bitcoin and Ethereum during the same week.
Are we witnessing the beginning of a new institutional hegemony for real utility assets?
This financial movement occurs in a highly hostile market context, where crypto investment funds recorded global withdrawals of 1.94 billion dollars. However, the XRP narrative has positively decoupled, attracting “smart” capital seeking refuge in assets with solid infrastructure and legal clarity. Analysts point out that Ripple’s recent 2.7 billion dollar infrastructure acquisitions reinforce this confidence, positioning the asset as a fundamental financial layer rather than merely speculative.
From a technical perspective, the price sits at a critical crossroads within a massive descending channel. While the 2017 historical pattern suggests a potential parabolic explosion, the current structure depends on real adoption by traditional financial companies. A successful breakout of the channel with volume could project the price toward $3.50, validating the thesis that utility and institutional custody are the true drivers of value in this cycle.
The silent accumulation of 7.7 billion dollars by “whales” over the past three months indicates a strong long-term bet. As the XRP ETF begins to capture liquidity, attention focuses on whether this catalyst will be sufficient to reverse the macro bearish trend. The combination of regulated access, low fees, and a mature custody infrastructure suggests the asset could lead the sector’s recovery before the fiscal year closes.
