XRP ETFs: Bitwise Soars, Grayscale Slumps in $85M Drama!

by

Behold, the grand spectacle of XRP ETFs! Monday’s session unfolded like a tragicomedy, where volume danced in a frenzied waltz, and the four funds-ah, the four!-revealed their true colors, like a pack of wolves in sheep’s clothing. Bitwise, the golden goose of the financial world, outshone its rivals with a glittering performance, while Grayscale, the forgotten child of the ETF family, stumbled out of the gate with the grace of a drunken penguin. Together, they amassed a staggering $85 million-enough to buy a small island, or a few dozen crypto enthusiasts’ dreams. 🦄

XRP ETFs Reach $85.7 Million by Monday Close

By the time the clock struck midnight, the four XRP ETFs had conjured a total of $85,756,524 from the ether. Bitwise, the undisputed king, traded 1,452,944 shares, its coffers brimming with $36,599,659. Franklin Templeton, the energetic upstart, sprinted ahead with 965,203 shares, its momentum as relentless as a caffeinated squirrel. Canary, the stoic observer, maintained its composure, trading 783,825 shares. Grayscale, however, lagged behind like a snail on a treadmill, trading a mere 152,566 shares-enough to fund a single espresso for its CEO. 🐢

Analyst Explains XRP’s Daily Pattern During ETF Hours

One analyst, presumably under the influence of a questionable substance, claimed XRP follows a daily ritual: a timid climb during market hours, akin to a mouse daring to nibble a lion’s tail, followed by a slump after hours, as if the price were whispering, “Not today, Satan.” This cycle, they insist, could spark a “stronger price breakout later”-a promise as reliable as a Russian roulette trigger. ⚠️

XRP Price Reacts to Support and Eyes Higher Levels

XRP, that elusive phantom, bounced off the $1.99-$2.25 support zone like a rubber chicken. It touched the 38.2% retracement at $2.22, then ascended with the determination of a man fleeing a ghost. Analysts, ever the optimists, demand it break above $2.69-$2.84 to prove it’s not just a mirage. Meanwhile, a pullback above $2.27-$2.18 would be the equivalent of a phoenix rising from a toaster. 🔥

With $85 million traded in a single day, XRP ETFs have stormed into the market like a pack of wolves in tuxedos. The next sessions will reveal if this is a fleeting carnival or the dawn of a new era. One can only hope the price doesn’t crash into a wall of absurdity. 🧨

Read More

2025-11-25 06:37