Does the influx of capital into the XRP ETF open up a chance to break through the resistance?

On Monday, XRP ETF funds had a spectacular start to their history, absorbing nearly 80 million tokens. This significant achievement outshines previous debuts of competing products and indicates growing investor interest in this altcoin. According to data from XRP Insights, accumulated assets have already exceeded $778 million, suggesting structural demand in this market.

Record Capital Flows Support Upward Momentum

On November 24, two key products debuted: GXRP from Grayscale attracted $67.4 million, while XRPZ from Franklin Templeton raised $62.6 million. As a result of this debut, the total market capitalization of XRP ETFs by the end of the same day exceeded $628 million.

The current XRP ETF ecosystem includes four available instruments. The leader remains XRPC from Canary, which on the Nasdaq platform accumulated $331 million in net inflows. In second place is a product from Bitwise with $168 million. This diversification of options increases accessibility for different categories of investors.

The speed of capital absorption should not be ignored – ETF inflows directly impact token availability on the market. However, for XRP to reap long-term benefits from this movement, flows must sustain above the initial wave of enthusiasm.

Projections indicate the potential expansion of this trend. It is speculated that TOXR from 21Shares is set to debut on November 29 on Cboe BZX. This product has a structure with a 0.50% fee and is seeking $500,000 in initial capital, further broadening spot XRP exposure in the US market.

Technical Signals: Will the Bull Flag Confirm?

On the four-hour chart, XRP is forming a clear bullish flag. The current XRP price has risen to $2.20 after bouncing from the $1.90 level observed last week. Resistance appeared exactly at this $2.20 level, which is key for further movement.

If this resistance is broken, the first target is the range from $2.35 to $2.45, where a fair value gap on the sell side exists. At the same time, indicators suggest liquidity accumulation at levels of $2.30 and $2.35, which could support a breakout.

An alternative scenario requires attention. If XRP remains below $2.20, the probability of retesting the fair value gap on the buy side, located between $2.10 and $2.00, increases. This zone contains a significant concentration of trader liquidity.

The RSI indicator remains above the 50 level, confirming short-term demand strength. However, the overall technical context remains cautious – XRP is trading below the 50-, 100-, and 200-period moving averages on the four-hour chart, indicating a persistent downtrend. The market is in a state of suspension between bullish and bearish signals.

Outlook: Maintaining Flows as a Key Factor

The continuation of capital inflows into XRP ETFs will determine whether the current rebound turns into a sustained upward trend. The very emergence of ETF products represents a structural change in the XRP market, but long-term investor engagement will be the measure of success.