XRP Jumps 8% as Franklin Templeton and Grayscale Spot ETFs Begin Trading

XRP surged 8.25% in the past 24 hours to $2.25 following the simultaneous launch of multiple U.S. spot XRP ETFs, including vehicles from Franklin Templeton and Grayscale on NYSE Arca.

Franklin Templeton XRP ETF (XRPZ) Goes Live

Franklin Templeton officially launched the Franklin XRP ETF (ticker: XRPZ) on NYSE Arca on November 25, 2025, offering investors regulated exposure to the price of XRP through a traditional brokerage account. The fund holds XRP directly in custody and is designed for both institutional and retail participation.

David Mann, Franklin Templeton’s Head of ETF Product and Capital Markets, stated: “XRPZ offers investors a convenient and regulated way to access a digital asset that plays a foundational role in global settlement infrastructure, through the transparency and oversight of an ETF.”

(Sources: TradingView)

Grayscale XRP Trust ETF (GXRP) Also Debuts

On the same day, Grayscale launched its Grayscale XRP Trust ETF (ticker: GXRP), joining the growing lineup of spot XRP products. This follows earlier-launched trust converted to an ETF structure, aligning with Grayscale’s broader strategy of bringing its single-asset trusts to public exchanges.

The twin launches follow recent spot XRP ETFs from Bitwise Asset Management and Canary Capital, creating the most diverse set of regulated XRP investment vehicles ever available in the United States markets.

Why the Market Is Reacting

The coordinated ETF debuts provide:

• Institutional-grade access to XRP without self-custody
• Inclusion in brokerage accounts, IRAs, and retirement plans
• Increased liquidity and price discovery through authorized participant creation/redemption

Combined with XRP’s established role in cross-border payments via the XRP Ledger, the new ETFs have reignited investor interest after months of sideways trading.

Price Action and Volume

• 24-hour gain: +8.25% to $2.25
• Trading volume: spiked over 60% across major venues
• Market cap: briefly reclaimed $127 billion

Technical analysts note XRP has cleared the $2.10 resistance zone and is now testing the $2.30–$2.40 area that previously acted as support during the summer rally.

In summary, the near-simultaneous launch of spot XRP ETFs from Franklin Templeton (XRPZ) and Grayscale (GXRP) — alongside existing offerings from Bitwise and Canary Capital — has driven an immediate 8% rally in XRP price and renewed optimism about the token’s long-term role in regulated finance.