3 reasons why Ripple (XRP) could launch this month

Is XRP Poised to Chart Further Gains in the Coming Weeks?

Several key factors, including the launch of the first spot XRP ETF in the United States, support bullish expectations.

New peaks in November?

If CryptoPotato Reportedly, Canary Capital’s product, called XRPC, was officially approved by the US Securities and Exchange Commission (SEC) and began trading on the Nasdaq Global Market on November 13. This is the first such regulated product to fully follow XRP, which has been greenlit in the world’s largest economy, and will provide investors with an easy way to gain direct exposure to Ripple’s native token.

After all, buying a spot ETF is like buying regular stocks: it’s all handled through standard brokerage accounts, and investors ultimately hold the shares of the product while the fund itself accumulates and safely holds the underlying digital assets on their behalf.

This should increase overall interest in the underlying asset, which could be followed by a price increase if demand meets or exceeds expectations. Meanwhile, fintech giant Robinhood has also officially listed XRPC, refuel added excitement in the XRP army.

The next element that can be interpreted as bullish for the price is the asset’s recent exchange rate net flow. Data shows that outflows have exceeded inflows in recent weeks, indicating that investors have abandoned centralized platforms and turned to self-management methods. This in turn leads to reduced direct sales pressure.

Last but not least, the XRP ecosystem continues to show robust activity and has even accelerated recently. The number of XRP payments from one account to another fluctuates around one million daily, while the number of transactions executed has often exceeded two million in recent days. In addition, the number of newly created accounts rose above 13,000 on November 11, the highest level since January this year.

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This resurgence suggests that more people have been actively using XRP, reflecting its growing adoption and increased utility, which could ultimately lead to a price increase.

Something for the bears

Despite the above factors, the recent whale exodus indicates that XRP is not out of the woods yet. Major investors have issued approximately 1.4 billion tokens last month, an amount worth almost $3.5 billion (calculated at current rates).

This increases the circulating supply of XRP and could be followed by a price drop if demand does not increase. Furthermore, this move could cause confusion and even panic in the community, which could lead to further sell-offs among smaller players.