XRP ETF News: DTCC Lists 5 Spot ETFs as Ripple Price Shows Higher Highs Pattern
XRP surged 6.2% to $2.40 following the DTCC listing of five spot XRP ETFs, confirming a bullish higher highs pattern.Summary
XRP experienced a significant surge, rising 6.2% to $2.40 and breaking the $2.35 resistance level on high volume, driven by institutional interest. This price action coincided with major firms like Canary Capital, Bitwise, Franklin Templeton, and 21Shares filing amended S-1 registration statements for spot XRP exchange-traded funds, which have now been listed on the DTCC. Analysts suggest these coordinated filings could fast-track SEC review under existing 8(a) procedures. Technically, XRP confirmed a bullish structure with higher highs and higher lows, holding strong support between $2.39 and $2.395. Traders are watching this support level; maintaining above $2.40 targets $2.50, while failure risks a drop to $2.34. Further ETF approval news is expected to be the primary catalyst for accelerating XRP's advance.
(Source：CoinDesk)