Tag: canary capital

XRP flashes major buy signal; Imminent rebound?

XRP Poised for Potential Rebound as TD Sequential Flashes Buy Signal

XRP may be on the verge of a potential rebound after a key technical indicator flashed a buy signal on the four-hour chart, according to market analyst Ali Martinez. In an X post on November 15, Martinez highlighted the TD Sequential indicator—a widely used tool for identifying trend exhaustion and potential reversal points.

The TD Sequential printed a “1” buy setup, typically appearing after a sequence of downward candles. This formation suggests fading bearish momentum and the early stages of a potential bullish reversal. Notably, XRP has been under sustained selling pressure, marked by large black candles, smaller-bodied candles, and indecisive price movement. This weakening of downward strength culminated in the TD Sequential’s buy signal, indicating seller exhaustion.

If confirmed, the TD Sequential “1” could pave the way for a potential rebound, with bulls anticipating an early reversal from current levels. However, traders typically wait for further confirmation—often requiring a “2” candle to close above the “1”—to validate sustained upward momentum.

Growing Institutional Interest: XRP ETF Impact

This technical outlook coincides with rising institutional interest in XRP, underscored by the recent debut of the first U.S. spot XRP ETF. Canary Capital’s spot XRP ETF made a historic launch on November 13, recording $58.6 million in first-day trading volume, far surpassing the $17 million analysts had projected. Within the first 30 minutes, the ETF saw $26 million in trades, with a total of $245 million worth of XRP purchased on day one.

XRP Price Analysis

Despite this surge in institutional interest, XRP’s price remains under pressure due to broader cryptocurrency market sentiment. At press time, XRP was trading at $2.26, down more than 2% in the past 24 hours.

On the weekly timeframe, XRP’s 14-day Relative Strength Index (RSI) stands at 42.4, signaling neutral momentum—neither overbought (above 70) nor oversold (below 30). This reading suggests limited immediate directional pressure and potential for sideways consolidation unless external catalysts emerge.

The 50-day Simple Moving Average (SMA) at $2.58 currently lies above the price, indicating short-term resistance and a mild downward bias. Meanwhile, the 200-day SMA at $2.65 further reinforces longer-term overhead pressure. As a result, XRP is positioned below both key trendlines, maintaining a cautious, range-bound posture.

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*This article was adapted from original reporting by Finbold.*
https://bitcoinethereumnews.com/finance/xrp-flashes-major-buy-signal-imminent-rebound/

DTCC Lists Nine XRP ETFs as Countdown to Potential Launch Begins

The Depository Trust & Clearing Corporation (DTCC) has recently listed nine XRP ETFs on its platform, signaling potential new trading opportunities for investors. These nine products include a mix of spot-based and futures-based strategies, filed between October 2024 and June 2025. The listings suggest that several XRP ETFs could begin trading as early as November 13, pending final regulatory approval.

### What Does a DTCC Listing Mean?

When an ETF appears on the DTCC site, it means the fund has completed initial registration steps and is prepared for market settlement once regulatory approval is granted. However, it’s important to note that a DTCC listing does not confirm that trading has already started.

### Futures-Based XRP ETFs Already Trading

Currently, four XRP ETFs that utilize futures contracts to track the token’s price movements are actively trading in the market. Examples include the ProRP ETF. These futures-based funds offer daily leverage ranging from one to two times the price movement of XRP. Instead of holding actual XRP tokens, these ETFs gain exposure through derivatives contracts.

In addition, the REX-Osprey XRP ETF, launched in September, operates as a hybrid product with approximately 80% spot exposure. This fund functions under the regulatory framework of the 1940 Act, allowing it to trade while pure spot XRP ETFs await final SEC approval.

### Spot-Based XRP ETFs Awaiting SEC Approval

Five XRP ETFs focusing on direct spot exposure—meaning they hold actual XRP tokens—are still under review by the Securities and Exchange Commission (SEC). Among these is the spot component of the 21-Osprey ETF. Progress on these applications stalled following the U.S. government shutdown on October 1, which delayed the review of more than 16 altcoin ETF filings, including those involving XRP, Solana, Dogecoin, and Cardano.

### Renewed Optimism for Spot XRP ETFs

Recent developments have boosted optimism for the approval of spot XRP ETFs. Canary Capital has removed a delaying amendment from its filing, setting an automatic effective date of November 13, pending the Nasdaq’s clearance of the ticker symbol.

Both Fidelity and Canary Capital have filed final S-1 updates for their altcoin ETF applications, aligning with this same November 13 target date. If the SEC approves these submissions, several spot XRP ETFs are expected to start trading on or around that date.

### Broader Progress in the Altcoin ETF Market

Despite earlier delays, the altcoin ETF market has seen notable progress recently. On October 28, Canary Capital launched the first U.S. spot Litecoin ETF, while Bitwise rolled out its spot Solana ETF under new generic listing standards on the same day. Grayscale’s Solana ETF followed with a launch on October 29.

These developments demonstrate that the SEC has resumed processing applications for altcoin ETFs, signaling potential momentum for the approval of XRP ETFs and other pending cryptocurrency products before the end of November.

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Investors interested in XRP ETFs should keep an eye on regulatory updates and market announcements as November 13 approaches, which could mark a significant expansion in options for crypto-based exchange-traded funds.
https://coincentral.com/dtcc-lists-nine-xrp-etfs-as-countdown-to-potential-launch-begins/

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