XRP Price: ETFs Cross $1.2 Billion as Technical Signals Point to Possible Bottom

TLDR

• XRP ETFs surpassed $1.21 billion in total net assets by December 19, just over a month after launching in mid-November
• Asset managers describe XRP ETFs as a “third path” in crypto adoption, attracting both retail investors and institutional clients like pensions and insurance firms
• The XRP Ledger has processed over four billion transactions with 4-5 second settlement times and minimal fees
• Technical analysis shows rare bullish signals, including a Stochastic RSI at 0.00 on the three-week chart, last seen during the 2022 bear market bottom
• XRP is trading near $1.91-$1.92 with key support at $1.85-$1.90, showing signs of stabilization after recent market weakness

U.S. listed spot XRP ETF products crossed $1.21 billion in total net assets by December 19. The funds launched in mid-November and have maintained steady inflows despite weakness across the broader crypto market.

The growth represents a departure from the Bitcoin and Ethereum-dominated ETF landscape. Asset managers who spoke on a recent podcast described the trend as a “third path” in institutional crypto adoption.

Steven McClurg, CEO of Canary Capital, said early demand appeared retail-led but quickly expanded to include institutional buyers. Pensions and insurance firms outside the U.S. have shown interest in the product.

McClurg explained that traditional investors find XRP easier to understand because it connects to payment systems and liquidity flows. This makes it more accessible compared to other crypto assets.

Matt Hougan, Chief Investment Officer at Bitwise, said advisers are drawn to XRP’s established track record. The token has been operating since 2012, which reduces concerns about project longevity.

Hougan added that advisers respond well to use cases they can explain to clients. Cross-currency liquidity and stablecoin-related functions provide clear examples of real-world utility.

Ripple CTO David Schwartz described the XRP Ledger as financial infrastructure designed for specific purposes. The network supports multiple assets and processes transactions with stable fees.

Network Activity and Institutional Tools

Schwartz pointed to on-chain data showing over four billion transactions on the XRP Ledger. The network delivers settlement finality in 4-5 seconds with fees low enough to go unnoticed by most users.

Active usage and deep liquidity were cited as factors supporting institutional participation. Assets are settling on-chain rather than remaining in holding patterns.

The podcast discussion also covered Ripple’s RLUSD stablecoin. McClurg mentioned early signs of enterprise adoption and referenced the Hidden Road deal as evidence of integration with capital markets.

Schwartz discussed Evernorth, a treasury infrastructure specific to XRP. The platform participates in yield strategies and network functions including validation and liquidity provision.

Technical Indicators Show Rare Patterns

Technical analysis reveals unusual signals for XRP. The Stochastic RSI on the three-week chart dropped to 0.00, a level last reached during the 2022 bear market bottom.

This reading suggests selling pressure has largely run its course. The metric indicates that downward momentum has dried up on longer timeframes.

The daily chart shows a bullish divergence in the RSI. This pattern last appeared in 2022 when XRP traded at $0.28. The token later stabilized and entered an uptrend.

XRP currently trades near $1.91-$1.92, below both the 20-week and 50-week exponential moving averages. The price is testing support at $1.85-$1.90, which aligns with the 100-week EMA and the lower Bollinger Band.

Candles show extended lower wicks in this range, indicating buying pressure is present. The weekly MACD remains negative, showing some downward momentum persists in the market.

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