XRP’s new ETFs saw nearly 80 million tokens absorbed, raising AUM to $778 million. Grayscale and Franklin Templeton’s ETFs brought in $130 million at launch. XRP’s bullish flag is promising, but it remains in a bearish trend below key EMAs. The market is hopeful for sustained demand. Four live XRP ETFs have attracted significant inflows, pressuring circulating supply. XRP advocate Chad Steingraber is optimistic about the potential for FOMO-driven volume surges. 21Shares’ TOXR is set to launch on Nov. 29, expanding US spot XRP exposure with a 0.50% fee.

XRP has performed well, with a 5% weekly recovery to $2.20 and resistance at that level. A bullish flag is forming, targeting a breakout to $2.35-$2.45. Failure to reclaim $2.20 may lead to a move towards $2.10-$2.00. The RSI remains strong, but XRP is trading below key EMAs, leaving the market undecided on direction.

Read more at Cointelegraph: XRP ETFs See 80M Token Pull As Price Eyes Break Above $2.2