XRP extended its breakout sequence Tuesday, surging 6.2% to $2.40 as institutional flows accelerated across major exchanges. The token broke decisively above the $2.35 resistance level on 169% above-average volume, marking its strongest single-session gain in over a week and establishing new cycle highs near $2.43 before consolidating.
News Background Canary Capital, Bitwise, Franklin Templeton, and 21Shares filed amended S-1 registration statements for spot XRP exchange-traded funds, introducing standardized listing language designed to streamline SEC review under existing 8(a) procedures. The five spot XRP ETFs have been listed on DTCC ahead of a potential US launch this month. Analysts view the coordinated filings as a potential fast-track toward automatic approval, echoing the regulatory momentum seen during the Bitcoin and Ether ETF approval cycles earlier
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