XRP Faces a Critical Moment
According to market analyst Genny Cruz, XRP may be nearing its “final shakeout” phase before a potential breakout, as the asset’s short-term chart continues to test trader sentiment.
The 1-hour chart, currently marked by sharp volatility and tight ranges, reflects a market caught between caution and anticipation.
XRP’s bounce from $2.1893 injected renewed optimism into the market. The rebound demonstrated that buyers are still aggressively defending lower levels, preventing the asset from slipping into deeper downside territory.
However, that optimism was quickly tempered when XRP faced a strong rejection at $2.28, a level that has now emerged as a key short-term resistance.
This rejection has led to intensified scrutiny of the $2.22 support zone, an area Cruz identifies as the pivotal line in the sand.
“If $2.22 holds,” she notes, “then what we’re seeing is likely just consolidation, a healthy pause where the market resets, shakes out weak hands, and builds pressure for the next move.”
If support holds, XRP could be gearing up for another push at the crucial $2.28 barrier, a level that has repeatedly halted momentum. A clean breakout could trigger a sharper move, with liquidity above resistance still thin and price currently hovering at $2.27.
XRP Could Be Entering a Major Liquidity Phase as Franklin Templeton’s EZRP Set to Launch
XRP is edging toward what analysts call a potential ‘major liquidity phase’ after Canary Labs’ XRPC delivered a record-breaking debut last week.
The surge in inflows, trading activity, and institutional interest around XRPC has amplified speculation about the next wave of XRP-linked financial products.
Analysts now point to Nov. 18 as a pivotal moment, when global asset-management giant Franklin Templeton launches its XRP exchange-traded product, EZRP. The upcoming debut has already fueled industry-wide anticipation, with experts suggesting EZRP could rival, if not surpass, the breakout success of Canary’s XRPC.
Why is this important? Well, Franklin Templeton’s entry marks a major turning point for XRP’s market structure. Franklin brings decades of proven credibility, global distribution reach, and institutional expertise built on its $1.6 trillion asset base, advantages that could give the new EZRP product a decisive edge as investors explore XRP exposure.
Market strategists say brand reputation may be the decisive factor. Canary’s $245 million record debut set the pace, but Franklin Templeton’s deep trust with traditional investors could attract far larger, more conservative inflows. If both products sustain strong performance, this rivalry may trigger a broader liquidity cycle for XRP.
Therefore, if Franklin Templeton’s debut attracts substantial inflows, it could ignite fierce competition among XRP products and cement XRP’s foothold in mainstream investment portfolios.
Conclusion
XRP’s current price action reflects strategic positioning rather than panic. Trading tightly between key support and resistance, the market signals an imminent move. The next direction hinges on behavior around $2.22, but underlying pressure is building. As analyst Genny Cruz notes, this could be the final reset before momentum accelerates.
On the other hand, with Franklin Templeton’s EZRP set to launch on Nov. 18, institutional credibility, investor confidence, and rising XRP adoption point to a potential major liquidity phase.
Whether EZRP outperforms or complements Canary’s XRPC, XRP is clearly entering a new era of mainstream attention, deeper market engagement, and heightened price potential.
Source: https://coinpaper.com/12405/xrp-fireworks-franklin-templeton-etf-hits-home-stretch
