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XRP Holds Near $2 as Grayscale Spot ETF Launches Monday

Regulatory clarity enables ETF-driven institutional inflows.

Overview

  • XRP trades around $2.04–$2.06 after rebounding from an intraday dip near $1.81, with a 5–7% 24‑hour rise reported late Sunday.
  • Chartists cite a multi‑year ascending‑triangle break, with traders watching resistance around $2.12–$2.30 and support near $1.90–$1.98.
  • NewsBTC flags $2.15 as immediate resistance; failure to clear it could prompt pullbacks toward $1.88 and potentially $1.80.
  • Early U.S. spot ETF activity includes roughly $250 million into Canary’s XRPC and over $100 million at Bitwise, with about $422 million reported across two live funds.
  • On‑chain trackers note roughly 200 million XRP left major exchanges within 48 hours of ETF launches as top‑holder concentration near 68% continues to shape volatility.