XRP ETF Launch: Franklin Templeton’s XRPZ Soars, Price Surges!

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Lo! The once-turbulent XRP, like a weary traveler, regains its strength, ascending by 8 percent in a mere 24 hours, now hovering near the elusive $2.03. 🐴 While the broader crypto market, a fickle lover, shows signs of recovery, XRP’s bounce is as fierce as a storm in a teacup. 🌩️

This renewed momentum arrives, as if summoned by fate, as Franklin Templeton’s long-anticipated XRP ETF, under the cryptic ticker XRPZ, now graces the market. With NYSE approval secured, the launch is poised to become one of the month’s most talked-about spectacles. 🎭

Franklin Templeton XRP ETF Set for a High-Volume Debut

The launch of XRPZ is laden with expectation, as if the market itself holds its breath, recalling the resounding success of Bitcoin’s ETFs. Analysts, ever the dramatists, whisper of day-one demand that could eclipse even the most ambitious dreams. 🤯

Crypto oracle 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. A sum so vast, it could fund a small kingdom. 🏰

He also notes that Franklin Templeton, a master of gradual growth, will likely see interest swell as financial advisors, ever the cautious ones, begin to allocate to XRPZ. A slow burn, but one that could ignite a wildfire. 🔥

The ETF starts with a seed capital as modest as a peasant’s coin, so most of the first wave of trading is expected to be fueled by fresh inflows, not the preloaded liquidity of a wealthy noble. With a 0.19% sponsor fee waived on the first $5 billion until mid-2026, XRPZ enters the market with a cost advantage that could lure even the most skeptical of investors. 🤷‍♂️

XRP ETFs Begin Outshining BTC and ETH Products

XRPZ arrives in an ETF landscape already buzzing with energy, thanks to Bitwise and Canary Capital. Their spot XRP ETFs, 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 outpacing the sharp outflows seen in Bitcoin and Ethereum ETFs, which lost more than $1.7 billion combined. A tale of two markets, one swimming, the other sinking. 🏊‍♂️

Bitwise briefly became the largest US XRP ETF by daily trading volume on November 21, but that title may soon shift. Franklin Templeton’s arrival, alongside Grayscale’s own XRP ETF launch, is expected to boost liquidity and reshape the rankings once again. 📈

Growing Confidence in XRP’s Long-Term Utility

The ETF excitement is lifting sentiment around XRP’s long-term potential. A recent Forbes report, like a prophetic scroll, foretells a $5.25 target for 2030, as if the future were written in the stars. 🌟

On the development front, a Ripple engineer, ever the enigma, hinted at future staking features for the XRP Ledger, adding more utility to the network. A glimpse into a future where XRP is not just a token, but a treasure. 💎

Analysts, increasingly bullish, believe XRP’s real-world utility will drive future ETF demand. Black Swan Capitalist, ever the dramatist, likens owning XRP today to securing a spot on a lifeboat before the rest of the market sees trouble ahead-though one wonders if the lifeboat is made of paper. 🚤

Paul Barron adds 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. A revolution, perhaps, but one that requires a passport. 🌍

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FAQs

What is the Franklin Templeton XRP ETF (XRPZ)?

The Franklin Templeton XRP ETF lets investors gain direct exposure to XRP through a regulated fund, offering easier access without holding the asset. 🎭

Will the Franklin Templeton XRP ETF have low fees?

Yes, XRPZ waived its 0.19% sponsor fee on the first $5 billion in assets until mid-2026, making it one of the cheapest XRP ETFs available. 🧾

How could the XRP ETF launch affect XRP’s price?

An XRP ETF can boost demand by attracting institutional buyers, which may strengthen price momentum during periods of increased inflows. 📈

Can you stake XRP for rewards?

While XRP does not currently have a native staking feature, Ripple engineers have hinted that future upgrades to the XRP Ledger could introduce staking capabilities to earn rewards. 🔄

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2025-11-24 12:00