As New XRP ETF Launches, Can XRP Break Out Against Bitcoin?

Cboe BZX Exchange approved the 21Shares XRP ETF for listing on December 10, clearing the path for yet another regulated product to hit the market. The ETF will trade under the ticker TOXR and is expected to go live any day now.

You’d think this would send XRP’s price flying, right? Well, not exactly. The token’s actually been stuck around $2 for weeks, which is honestly baffling given all the institutional momentum building up. Let’s see what’s actually going on here.

21Shares Gets Official Approval for XRP ETF

The SEC filing shows Cboe officially approved the listing. This isn’t some speculative product either. The fund tracks the CME CF XRP-Dollar Reference Rate, giving traditional investors a way to get XRP exposure without dealing with wallets and exchanges. For institutional money, that’s huge.

Here’s how it works: 0.3% annual fee, calculated daily, paid weekly in XRP. Coinbase Custody, Anchorage Digital Bank, and BitGo Trust Company handle security. Ripple Markets seeded the whole thing with 100 million XRP tokens (around $226 million worth at today’s prices).

And 21Shares isn’t alone. Rex Osprey launched first. Then Canary Capital, Franklin Templeton, Bitwise, and Grayscale all jumped in. ProShares and Volatility Shares are running futures versions too.

As of December 11, four spot XRP ETFs are already trading with nearly $1 billion in combined assets. Net inflows have hit $900 million since launch. That’s actually faster growth than early Ethereum ETFs saw. Pretty wild when you think about it.

Why Is XRP Price Still Stuck?

With all this institutional interest pouring in, you’d expect XRP to be ripping higher. Instead? It’s grinding sideways near $2, down from a December peak around $2.90.

The daily chart does show a small bullish divergence forming. That’s kept things from completely collapsing. But there’s still this massive bearish divergence on the weekly chart that’s been hanging over the price for months. It’s like having your foot on the gas and brake at the same time.

Support is sitting at $2.00 right now. Below that, watch $1.94 and $1.82. Resistance? That’s the problem. XRP needs to crack $2.20 convincingly before anyone gets excited. Until then, expect more of this frustrating sideways chop.

Most traders I follow think XRP’s just going to mirror whatever Bitcoin does next. BTC’s been squeezing near its own resistance. If Bitcoin breaks out, XRP probably follows. If not, we might test those lower support levels.

Could XRP Really Outperform Bitcoin?

Crypto analyst Javon Marks made an interesting observation recently. During previous bull cycles, XRP absolutely crushed Bitcoin in terms of performance. One run saw XRP outperform BTC by over 240%, translating to a 570% surge for the token itself.

Now Marks thinks XRP could outperform Bitcoin by more than 600% this cycle. His long-term target? Over $14 per token. Sounds insane, I know. But it’s based on patterns that actually played out before, not just hopium.

Past performance obviously doesn’t guarantee anything. The market’s evolved. But there are real differences now compared to previous cycles. The SEC-Ripple lawsuit settled, confirming XRP isn’t a security in secondary sales. That removed a massive cloud hanging over the token for years.

These XRP ETF approvals signal something too. Traditional finance is actually warming up to XRP in ways that seemed impossible even 12 months ago. When institutional money starts flowing through regulated products, it changes the game completely.

Where Does XRP Go From Here?

Short term? XRP’s probably going to stay choppy. This consolidation phase could drag on until something major shifts sentiment. The ETF launches help, sure, but the real question is whether they generate enough buying pressure to flip things bullish.

Watch that $2.20 level closely. A clean break above it would be the first real sign that bulls are taking control. That could trigger a move toward $2.50 and higher. But if XRP drops below $2.00, the next stops are probably $1.94 and then $1.82. Simple as that.

The longer-term picture actually looks more compelling. Multiple XRP ETFs are now live. Institutional infrastructure is being built out. Money’s starting to flow. Whether that translates to 600% outperformance against Bitcoin? Nobody knows. But the pieces are falling into place for something interesting to happen.

For now, everyone’s watching Bitcoin. If BTC pushes higher and breaks resistance, altcoins like XRP typically get dragged along. But if Bitcoin rolls over? XRP won’t save your portfolio.

What is the 21Shares XRP ETF? 

It’s a spot XRP fund that tracks XRP’s price and trades on the Cboe BZX Exchange under ticker TOXR. The fee is 0.3% annually.

When will the 21Shares XRP ETF start trading? 

Could be any day now. The approval’s done; just waiting on final SEC paperwork. Most expect it live within days.

How many XRP ETFs are currently trading? 

Four spot XRP ETFs are live as of December 11, holding nearly $1 billion combined, with over $900 million in net inflows.

Why isn’t XRP’s price rising despite ETF approvals? 

XRP’s stuck in a weeks-long downtrend near $2. Traders are waiting for a clean break above $2.20 or some new catalyst to shift momentum.

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Disclaimer:

Look, we’re just journalists reporting the news here, not your financial advisors. Everything you read above is for information purposes only. Crypto is wild, unpredictable, and can absolutely wreck your savings if you’re not careful. Never invest money you can’t afford to lose. Seriously, we mean it. Do your own research, talk to actual licensed financial professionals, and remember that past performance means absolutely nothing when it comes to future results. The crypto market can turn on a dime, and what’s hot today might be toast tomorrow. We’re not responsible for your investment decisions, good or bad. Trade smart, stay safe, and don’t bet the farm on anything you read on the internet, including this article.