XRP News Today: Ripple CEO Brad Garlinghouse Confirms Bitwise XRP ETF Launch on NYSE—Will the Price React?

The Bitwise Asset Management spot XRP ETF (ticker: “XRP”) began trading on the New York Stock Exchange (NYSE) on November 20, marking a significant step toward mainstream institutional adoption for XRP. Ripple CEO Brad Garlinghouse confirmed the launch, highlighting its importance for investors seeking regulated exposure without direct custody. The spot ETF structure means it holds the underlying asset, potentially influencing exchange demand. Bitwise is charging a 0.34% management fee, waived initially for up to $500 million in AUM. While the community is optimistic, analysts advise caution, noting that initial price reactions depend on ETF mechanics, market maker activity, and broader crypto sentiment, referencing historical patterns seen with other spot ETF debuts. At the time of launch, XRP traded around $2.08, with key technical support identified between $2.02 and $2.06, and resistance near $2.17–$2.18.

(Source：Brave New Coin)