XRP ETF Debuts In The US With $58M Trading Volume: Hype Or Powerhouse?
Canary Capital introduced the inaugural US ETF that offers direct access to XRP. The fund is set to commence trading today on Nasdaq with the ticker XRPC.
It’s quite astonishing to note that it recorded a trading volume of $58M right out of the gate. This amount surpasses that of any other ETF launched this year (around 900 funds), as highlighted by Bloomberg’s ETF analyst Eric Balchunas. It even narrowly outperformed Bitwise’s Solana ETF.
These two crypto ETFs are leading the pack significantly, with the third-place launch lagging behind by over $20M, indicating that investor demand for crypto-related products remains robust.
“XRP stands as one of the most recognized and widely utilized digital currencies globally; incorporating XRP through an ETF will catalyze the next wave of adoption and expansion within a crucial distributed record framework,” stated Steven McClurg, CEO of Canary Capital.
Kudos to $XRPC for kicking off with $58m in Day One volume, the highest for any ETF released this year (out of 900), BARELY surpassing $BSOL‘s $57m. These two are in a league of their own as third place is over $20m behind. pic.twitter.com/MjsOeceeNb
— Eric Balchunas (@EricBalchunas) November 13, 2025
Investors are eager and are looking to join the fray. However, they also strive to minimize the inherent risks associated with crypto. They seek ways to gain crypto exposure without directly possessing the tokens. XRPC delivers that opportunity.
Conversely, the sustainability of this momentum may depend on crypto market speculation regarding XRP’s long-term viability as a global payments facilitator.
Despite its growing demand, its influence on XRP’s price movements has been minimal.
$XRP really pulled the ultimate ‘gotcha’ this week.
All that ETF excitement had us prepared for lift-off…
and the price just DROPPED !!!
My disappointment? A dramatic 9.3/10-
I’m not crying, but don’t ask me to smile either
Count with me 1..2..3..4..5.. now that we’ve had a few seconds to… pic.twitter.com/F7rYc9B8gv— CryptoCupcake (@Tishiepooh) November 14, 2025
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XRP Plummets By 7% During ETF Launch: Is $5 Achievable?
Immediately following the launch of the US spot ETF, XRP plunged by 7.3%, slipping beneath the crucial price floor level at $2.03, making this one of the most volatile trading sessions of the week.
XRP swung across a range of $0.23, with nearly 158 million tokens exchanged, amounting to approximately 50% more than usual.
The most significant drop occurred within just four minutes, with XRP declining from $2.313 to $2.295. Additionally, 4M XRP tokens were unlocked immediately before the ETF launch, temporarily halting liquidity as buyers and sellers retreated.
Further complicating the situation, over 200M XRP moved between unknown wallets during the sell-off, leading to a flurry of speculation.
Nevertheless, the crypto community remains hopeful. Many anticipate that XRP could exceed $3.50 by year-end and possibly reach $5 in 2026, provided institutional interest in XRP continues.
When the fundamental landscape shifts back to risk on and the uncertainties are behind us $XRP will effortlessly reach
$3.82 -$4.44- $5.17
Our institutional software indicates dark pools positioned at these levels
Our algorithms haven’t failed yet
For now my… https://t.co/Opy8OU4k6R
— Cypress Demanincor (@CDemanincor) November 14, 2025
A technical analysis of the charts using Elliott Wave theory suggests that XRP may be entering an upward phase. It finished a significant growth cycle from 2013 to 2018 (Wave 1), followed by a lengthy correction that concluded around 2023 (Wave 2).
It appears to be starting the third phase of its growth cycle, which is generally the most vigorous.
$XRP has been in vertical accumulation since January 2025.
The forthcoming breakout is anticipated to be explosive. The 1.618 FIB extension for this movement targets $5/$6 once resistance in the $2.60 range is breached.
The weekly 55 EMA (blue line) serves as key price floor. Hope everyone is prepared
pic.twitter.com/9qzzDGv0bk
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According to Fibonacci levels, XRP has already touched the $2.20 mark (0.786 extension). The upcoming targets are $3.50 (1.00 extension) and potentially $5.50 (1.618 extension), suggesting a gain of over 150% from current prices near $2.40.
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Is It Just Hype? Or Is It A Contender?
Canary Capital certainly gained an edge by being the first to market, but larger players such as Franklin Templeton and Bitwise are waiting in the wings and may draw significantly larger investments when they are ready to introduce their own offerings.
As per VettaFi, a FinTech and data analytics firm, these companies rank significantly higher than Canary Capital in terms of Assets Under Management (AUM). Franklin Templeton is #19 and Bitwise is #56, while Canary Capital sits at #238.
Both Franklin Templeton and Bitwise are expected to unveil their own XRP spot ETFs next week after revising their filings to remove previous delays.
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Key Takeaways
- XRPC ETF debuted with an impressive $58M volume, surpassing over 900 funds, including Solana’s
- XRP’s price dipped 7.3% during the ETF introduction, sparking a high-volume selloff and crypto wallet transfers
- Experts foresee XRP reaching $5 by 2026, fueled by institutional interest and technical analytics
The article XRP ETF Launches In The US With $58M Volume: Hype Or Heavyweight? first appeared on 99Bitcoins.
