XRP’s price jumps 7% as nine ETFs hit DTCC listings – What next?

**Key Takeaways**

Why are XRP traders excited right now? The Depository Trust & Clearing Corporation (DTCC) has listed nine Spot XRP ETFs, fueling speculation that regulatory approvals could come soon. This development, combined with ongoing shifts in the regulatory landscape, has many traders preparing for what could be a crucial few weeks ahead.

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### Nine XRP ETFs Listed

The U.S. DTCC has officially listed nine Spot XRP ETFs, including products from major issuers such as Bitwise, Franklin, and CoinRPK. The market buzz suggests that approvals for these ETFs could arrive as early as November.

Additionally, progress in the U.S. Senate toward ending the government shutdown may accelerate SEC reviews, increasing the chances of a Spot XRP ETF launch before the end of the year.

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### How is the Market Reacting?

XRP’s Open Interest (OI) has climbed significantly, reaching around $1.32 billion at the time of writing. However, despite this growing engagement, the average Funding Rate remains negative at -0.145%. This indicates that while traders are active, many remain cautious and are still shorting XRP rather than fully backing an upside move.

This hesitancy shows that market participants are engaging but have yet to be fully convinced about sustained momentum. Should the Funding Rate flip positive alongside further Open Interest growth, it could signal growing bullish confidence, potentially pushing XRP’s price higher.

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### Momentum Catches Up as Bulls Step In

Over the past 24 hours, XRP surged by more than 7%, reclaiming the $2.54 level amid strengthening bullish sentiment. The Relative Strength Index (RSI) shows increasing buying pressure but has not yet entered overbought territory, indicating room for further upside.

Trading volume has picked up, lending credibility to the recent price push. On-Balance Volume (OBV) has also trended higher lately, suggesting that traders have been accumulating XRP.

If XRP can maintain this momentum and break above the key resistance zone at $2.60, it could pave the way for a run toward $2.80. However, sustained strength in both volume and RSI will be essential to confirming this potential breakout.

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### Conclusion

With fresh ETF listings and regulatory developments on the horizon, XRP traders are cautiously optimistic. While the market shows signs of building momentum, it will be critical to watch Open Interest, Funding Rates, and technical indicators closely in the coming weeks to gauge whether this excitement translates into a sustained bullish rally.
https://bitcoinethereumnews.com/tech/xrps-price-jumps-7-as-nine-etfs-hit-dtcc-listings-what-next/