Multiple spot XRP ETFs to launch amid price slump; XRP drops ~4.6% as Bitcoin breaks under $93,000

first published 2025-11-17T02:43:52Z

Franklin Templeton will list its XRP ETF EZRP on the CBOE tomorrow. Analysts forecast day-one volume of $150–$250 million driven by Franklin Templeton’s adviser and institutional distribution; by comparison Canary Funds’ XRPC recorded about $58 million on launch day. On-chain data shows large holders transferring XRP to cold wallets, which could reduce exchange supply. XRP trades near $2.23 with support at $2.10 and $1.95, first resistance at $2.40–$2.50 and upside targets at $2.75 and $3.00. Analysts caution ETFs often see strong initial interest followed by pullbacks, so ongoing demand will determine longer-term impact.

AI Analysis

Franklin Templeton will list EZRP on CBOE tomorrow and analysts expect $150–$250M in day-one volume; Canary’s XRPC saw ~$58M on day one. On-chain movements of large holders to cold wallets could reduce exchange supply. Price levels and typical ETF day-one/pullback behavior are noted — facts that support a moderately bullish, near-term market impact.

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