XRP is finding its strength again after a turbulent week, climbing more than 8 percent in the past 24 hours to trade near $2.03. While the broader crypto market is showing signs of recovery, XRP’s bounce is noticeably stronger.
This renewed momentum comes at the perfect time, as Franklin Templeton’s long-awaited XRP ETF goes live under the ticker XRPZ. With NYSE approval secured last week, the launch is already shaping up to be one of the biggest developments for XRP this month.
The launch of XRPZ carries heavy expectations, especially after the huge success of Bitcoin ETFs . Analysts believe day-one demand could be much higher than typical ETF debuts.
Crypto analyst Chad Steingraber predicts the fund might generate 15 million to 50 million XRP in trading volume on the first day, equal to roughly $30 million.
He also pointed out that Franklin Templeton usually grows its ETF inflows gradually, which means interest could continue building as more financial advisors start allocating to XRPZ.
The ETF is beginning with a relatively small seed capital, so most of the first wave of trading activity is likely to come from fresh inflows rather than preloaded liquidity. With a 0.19 percent sponsor fee waived on the first $5 billion until mid-2026, XRPZ is also stepping into the market with a cost advantage that could attract larger institutional investors.
XRPZ enters an ETF landscape that has already gained momentum thanks to Bitwise and Canary Capital. Their spot XRP ETFs, which launched earlier this month, have already drawn more than $422 million in net inflows since November 14.
Even during a volatile market week, these two funds pulled in $179.6 million, far outweighing the sharp outflows seen in Bitcoin and Ethereum ETFs, which lost more than $1.7 billion combined.
Bitwise briefly became the largest US XRP ETF by daily trading volume on November 21, but that position could quickly shift. Franklin Templeton’s arrival, alongside Grayscale’s own XRP ETF launch, is expected to boost liquidity and reshape the rankings once again.
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The ETF excitement is lifting sentiment around XRP’s long-term potential . A recent Forbes report outlined a possible $5.25 target for 2030, while analyst Egrag Crypto noted that XRP continues to hold key monthly support despite market pressure.
On the development front, a Ripple engineer also hinted at future staking features for the XRP Ledger, adding more utility to the network.
Analysts are increasingly bullish because they believe XRP’s real-world utility will play a major role in future ETF demand. Black Swan Capitalist compared owning XRP today to securing a spot on a lifeboat before the rest of the market sees trouble ahead.
Paul Barron added that XRP could replace parts of traditional finance thanks to its lack of counterparty risk, its role as a global bridge asset, and its automatic usage growth as more stablecoins and tokenized assets enter the market.
