Ah, the delectable circus of XRP! The crypto world, ever so prone to its fits of hysteria, now fixates on the spectacle of spot ETF filings-Bitwise, Franklin Templeton, and a gaggle of others-all jostling for position on the DTCC platform. Canary Capital’s November 13 window, in particular, has the masses in a tizzy, as though it were the second coming of Christ. But pray tell, how far might this charade propel the XRP price before the inevitable “sell the news” denouement?
Or, heavens forbid, what if the US government, in its infinite wisdom, ends its shutdown prematurely, unleashing a torrent of SEC commentary to spoil the party? 🍾🤡
Whales Retreat, Hodlers Quiver, and the World Watches with Bated Breath
The grandees of XRP, those holding between 100 million and 1 billion tokens, have begun to trim their sails as the ETF tempest approaches. A modest reduction, you say? Nonsense. It’s a canary in the coal mine, a whisper of doubt amidst the cacophony of optimism.
🚨 BREAKING:
Nine XRP Spot ETFs now grace the DTCC, poised like debutantes at a ball, awaiting their moment in the sun. 👀🤯📊 The Contenders:
↪️Bitwise XRP ETF (XRP)
↪️Canary XRP ETF (XRPC)
↪️Volatility Shares XRP ETF (XRPI)
↪️ETF Opportunities T-REX 2x Long XRP (XRPK)…– Xaif Crypto🇮🇳🇺🇸 (@Xaif_Crypto) November 10, 2025
On November 9, these titans held 8.38 billion XRP, a princely sum of $20.8 billion. By November 10, their hoard had dwindled to 8.37 billion, a mere 10 million XRP-or $25 million-vanished into the ether. A trifle, perhaps, but a trifle that speaks volumes of their waning conviction.
The Hodler Net Position Change metric, that barometer of long-term sentiment, tells a similar tale. Between November 2 and 3, these stalwarts offloaded 102.5 million XRP. By November 10, the exodus had swelled to 135.8 million, a 32% increase in daily outflows. Profit-taking, you say? More like a retreat under the cover of darkness. 🕵️♂️💼
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Why the cold feet, one wonders? Timing, my dear reader, timing. If the government shutdown persists, Canary’s filing could slip through the cracks, auto-approved without SEC scrutiny. But should the powers that be return to their desks, the SEC might yet throw a spanner in the works. 🛠️⚖️
🚨SCOOP: @CanaryFunds has filed an updated S-1, jettisoning the “delaying amendment” like a ballast from a sinking ship. This leaves the SEC with naught but a spectator’s role, setting the stage for a November 13 launch-assuming, of course, the world doesn’t end first. 🌍💥
– Eleanor Terrett (@EleanorTerrett) October 30, 2025
Franklin Templeton, ever the copycat, followed suit on November 4, stripping its S-1 of the same clause. Their XRP ETF, initially slated for November 14, now teeters on the edge of auto-approval, should the SEC remain AWOL. 🗓️🤞
It’s OFFICIAL: Canary’s XRP ETF goes live on November 13. Institutions, those slumbering giants, are stirring. Prepare yourselves. #XRP #CryptoETF 🏦🚀
– Ripple Bull Winkle | Crypto Researcher 🚀🚨 (@RipBullWinkle) November 10, 2025
The Rex Osprey Precedent: A Cautionary Tale
Cast your mind back to September 18, when Rex Osprey’s XRPR ETF made its debut. Prices soared 18% in anticipation, only to plummet like a stone once the deed was done. Traders, ever the fickle lot, sold into the hype, leaving behind a trail of tears and shattered dreams. 😢📉
XRP, ever the mimic, has rallied 25% since November 3, following the same script. Derivative traders, those harbingers of doom, have piled into long positions, with Bybit’s liquidation map revealing a staggering $117.66 million in longs versus a paltry $72.33 million in shorts. A recipe for disaster, if ever there was one. 🍳💥
Should prices dip between $2.44 and $2.19, a long squeeze could ensue, sending the market into a tailspin. The same setup as Rex Osprey, you say? How quaint. 🌀🤑
XRP Price Action: The Dance of the Bull and Bear
XRP, currently hovering near $2.48, flirts with the 0.382 Fibonacci retracement, ensconced in a falling wedge-a bullish formation, if one chooses to believe in such superstitions. But make no mistake, only a break above $2.88 will signal a true reversal of fortune. 🌈📈
- Upside: A close above $2.88 could pave the way to $3.34, a level last seen in August’s halcyon days.
- Neutral zone: Between $2.46 and $2.70, the price may meander like a lost soul, caught between ETF fever and macro uncertainty.
- Downside: Should $2.31 fail to hold, a long squeeze could send XRP tumbling toward $2.06, the wedge’s fragile lower boundary. 🕳️💨
The wedge, bullish by nature, demands a reclaim of $2.88 with genuine buying volume. If the shutdown persists and Canary’s ETF slips through, such a breakout might materialize swiftly. But should the SEC reawaken, new comments could delay the launch, triggering another “sell the news” rout before any sustained rally. 🦴🐶
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2025-11-11 18:13