XRP has been trading in a tight range near $1.85 to $1.91 as exchange-held XRP declines toward roughly 1.5 billion tokens. Long-term holders are withdrawing assets from centralized exchanges, signaling a shift in custody toward institutions. Demand remains solid for XRP spot exchange-traded funds launched on November 13, with SoSoValue data showing five spot ETFs—Canary, 21Shares, Grayscale, Bitwise, and Franklin Templeton—holding about $1.24 billion in net assets as of the 26th U.S. time.
Analysts warn ETF inflows are rapidly absorbing supply. With about 1.5 billion XRP left on exchanges and roughly 750 million absorbed in recent weeks, a meaningful supply shock could unfold in early 2026, potentially accelerating price discovery and aligning with regulatory expectations to boost institutional utilization.
Rippled version 3.0.0 on the XRP Ledger introduces a Lending Protocol and Dynamic MPT, signaling a major upgrade toward institutional-grade lending and providing yield to holders. This development suggests greater utility and liquidity infrastructure in 2026. As of 4:15 PM KST on the 28th, XRP rose about 1.52% to the mid-$1.87 range, and traders see a box between $1.85 and $1.91 with a possible breakout above $2.00 or a dip below $1.86 depending on demand and ETF flows.
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