Overview
- Franklin Templeton’s spot XRP fund (EZRP) launches today, following Canary Capital’s debut, with Bitwise, 21Shares and CoinShares products scheduled to follow this week.
- Combined first‑week flows across new XRP ETFs topped roughly $245 million, though trading volumes have fallen about 55% from early peaks.
- XRP fell from $2.27 to an intraday low near $2.11 before stabilizing around the $2.15 pivot, a level analysts say could cue a bounce if defended or a drop toward $2.05 if lost.
- Glassnode data show deteriorating holder profitability, with roughly one‑third to two‑fifths of supply now at a loss, raising the risk of capitulation selling if support breaks.
- Short‑term indicators remain bearish with price below key moving averages, RSI under 50 and a negative MACD, while resistance around $2.20–$2.32 has capped rebound attempts.