XRP Price Ignores Franklin Templeton’s XRP ETF Debut, Slips Below Key Support
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- XRP falls below support as ETF launch approaches amid weak market sentiment.
- Heavy BTC-ETF outflows raise concerns over demand for the new Franklin XRP ETF.
- RSI and MACD readings show persistent bearish momentum with limited buyer strength.
XRP is under renewed pressure, falling below a key support level. This decline occurs even as the market prepares for the debut of the Franklin XRP ETF (EZRP), Tuesday, November 18.
Price action continued to weaken despite expectations that the new spot product could attract institutional attention, raising questions about momentum in the short term. The decline followed renewed volatility across major digital assets and ongoing concerns about fund flows in the broader crypto ETF landscape.
Related: XRP Down 11% as Many ETFs Prepare for Launch Week Between Nov 18-25
The Conflict: XRP ETF’s Debut Against a $1.1 Billion ET…
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