XRP Today News: Franklin ETF Arrives, Bitcoin Decoupling Battle Begins

With ETF inflows strengthening, XRP rebounded above $2, ending a four-day losing streak and reigniting risk appetite in the cryptocurrency market. The robust inflows into XRP spot ETFs stand in stark contrast to the large outflows from BTC spot ETFs, intensifying speculation about an impending decoupling between XRP and BTC. The Franklin Templeton XRPZ ETF will be listed on November 24.

Franklin XRP ETF in the Spotlight, Dominates Competitors in AUM

While traders are considering the potential impact of MSCI delisting Digital Asset Treasury (DAT) companies from major indexes, last week’s inflows into XRP spot ETFs indicate strong institutional demand. Both the Canary XRP ETF (XRPC) and Bitwise XRP ETF (XRP) recorded net inflows of $179.6 million for the week ending November 21. Despite $1.22 billion in net outflows from BTC spot ETFs, XRP spot ETFs still saw net inflows, further suggesting a possible decoupling between XRP and BTC.

On Monday, November 24, XRP prices may see a significant surge as Franklin Templeton and Grayscale Capital launch their XRP spot ETFs. The capital flows and trading volumes of the Franklin XRP ETF (XRPZ) are expected to draw substantial attention, putting XRP at a critical juncture.

Analysts predict that, given Franklin Templeton ranks 19th among ETF issuers with assets under management (AUM) of $44.7 billion, XRPZ will lead the XRP spot ETF market. For comparison, Bitwise Asset Management and Canary Capital rank 56th and 231st, with ETF AUMs of $5.58 billion and $84.82 million, respectively.

This disparity in scale is extremely pronounced. Franklin Templeton’s AUM is 8 times that of Bitwise and 527 times that of Canary Capital. This size advantage means Franklin has a stronger distribution network, deeper institutional relationships, and higher brand recognition. When Franklin launches its XRP ETF, it may attract allocations from its existing clients, representing a potential funding pool worth tens of billions of dollars.

Traders will closely watch today’s XRP news for capital flow data. If the Franklin XRP ETF outperforms the Bitwise XRP ETF in trading volume and inflows, the token could extend its Sunday rally. First-day trading performance will be a key metric; if XRPZ’s first-day volume exceeds the combined total of existing XRP ETFs, it will confirm strong market demand for Franklin’s product.

Bitcoin Decoupling Debate Intensifies, Utility Volume Becomes Key

In Q4, XRP faced massive selling pressure as BTC spot ETF issuers experienced large outflows, driving Bitcoin prices to a seven-month low. However, a rise in XRP usage and the launch of XRP spot ETFs have sparked speculation that XRP could break free from Bitcoin’s shadow.

Crypto commentator Stern Drew, who has over 9,000 followers on X (formerly Twitter), said: “The decoupling of Bitcoin and XRP begins when utility transaction volume far exceeds speculative trading volume. Currently, 85% to 90% of Bitcoin’s trading volume is speculative. But XRP’s institutional payment pipelines have been growing. When utility trading volume surpasses speculative volume, XRP will no longer be affected by Bitcoin’s price volatility.”

This viewpoint highlights the fundamental difference between XRP and BTC. Bitcoin is mainly used as a store of value and speculative asset, with its price driven by market sentiment and macro factors. In contrast, XRP is designed as a bridge currency for cross-border payments, with Ripple actively expanding partnerships with banks and financial institutions to drive XRP’s adoption in real-world payment scenarios.

Once XRP’s utility trading volume (i.e., transactions for actual payment settlements) exceeds speculative volume, its price will be driven more by real demand rather than market sentiment. This shift would enable XRP to establish an independent price trend from Bitcoin. Currently, XRP remains highly correlated with Bitcoin, but this correlation may gradually weaken as the Ripple ecosystem expands.

Additionally, the introduction of crypto-friendly regulations may accelerate adoption. If the SEC vs. Ripple case is resolved, it could further enhance the token’s legitimacy. Increased legal certainty will encourage more financial institutions to adopt XRP, boosting utility transaction volume.

Technical Outlook: Key Price Levels and Catalysts

(Source: Trading View)

Despite Sunday’s rebound, XRP remains well below its 50-day and 200-day exponential moving averages (EMA), indicating a bearish trend. Looking ahead, several key events may impact the token’s price action.

Key Technical Levels to Watch

Support: $2.00, $1.9112, and $1.8205

50-day EMA resistance: $2.3839

200-day EMA resistance: $2.5293

Other resistance: $2.20, $2.35, $2.50, $2.62, $2.80, $3.00, $3.66

In a bullish scenario, breaking above the November 23 high of $2.0842 could pave the way for a push to the $2.20 resistance. Sustained gains above $2.20 could see bulls target the $2.35 resistance and the 50-day EMA, with $2.50 as the next key resistance. Avoiding the downtrend line is critical to reversing November’s decline.

In a bearish scenario, a drop below $2.00 would put the trendline and $1.9112 support in play. If breached, the November 21 low of $1.8205 will become the next key support. Notably, Sunday’s rally ended a previous pattern of consecutive lower highs and lower lows. If the price reverses, it would reconfirm the bearish structure.

Upcoming Catalysts to Watch in the Next Few Days

Bullish factors: Strong spot ETF inflows, blue-chip companies buying XRP for reserves, Ripple obtaining a US banking license, US Senate passing a market structure bill

Bearish factors: Spot ETFs report net outflows, US Senate blocks crypto-friendly legislation, blue-chip companies downplay interest in XRP, Office of the Comptroller of the Currency (OCC) delays or denies granting Ripple a license

Rising expectations for a Fed rate cut in December have boosted demand for risk assets like XRP and Bitcoin (BTC). US government shutdown fears, previously reduced expectations for a December rate cut, US-China trade tensions, and reports of MSCI consultation documents all contributed to Bitcoin’s drop to a low of $80,523 on November 21.

Traders should continue to monitor progress on the Capitol Hill “Market Structure Bill.” XRP remains highly sensitive to legislative developments. Any crypto-friendly legislation passed will serve as another catalyst for price appreciation. On July 17, after the House sent the Market Structure Bill to the Senate, XRP surged 14.69%.

Weekly inflows into XRP spot ETFs have boosted optimism ahead of the November 24 (Monday) Franklin XRP ETF listing. The next few trading sessions could determine whether the token decouples from Bitcoin and regains the $2.50 level.