XRP News: XRP Gains Nearly 7% Ahead of Canary Capital’s Spot XRP ETF Launch

XRP is currently at the center of attention in the cryptocurrency sector. The Canary Fund’s XRP-spot ETF has received approval from the regulatory agency and Nasdaq to begin trading on November 13. XRP, the fourth-largest cryptocurrency, has posted a significant price surge of around 7% and the active XRP ETF momentum helped it regain a bullish outlook. The price surge following the reports of 11 new XRP ETFs ready for launch has drawn investor attention, accelerating XRP’s institutional adoption at an unprecedented rate.

In today’s early trading sessions, XRP dipped and reportedly traded at a weekly low of $2.32. However, ETF launch updates and reports have triggered a positive momentum across the market. The price rally is now clearly visible in the candlestick chart, with XRP reaching $2.48 from the weekly low of $2.32 within hours, demonstrating its ability to rebound near the $2.50 resistance levels within a short period of time. XRP’s price today is $2.47, with price action strengthening above its $2.00 key support and facing a new resistance around $2.60. The cryptocurrency market experts and analysts observe that today’s ETF launch and trading will further catalyze XRP’s price rally, setting a short-term target closer to $3 psychological price point and possibly $6 by mid-2026 if positive inflows continue. 

Canary Capital’s XRP ETF will be the first U.S. product offering investors direct exposure to XRP without crypto wallets or exchanges. The XRP ETF under the “XRPC” ticker symbol will be available on Nasdaq, with an annual management fee of about 0.50%. According to cryptocurrency market experts, the launch of Canary Capital spot XRP ETF is more than just a listing; for them, it is a turning point for the sector’s next wave of institutional adoption. Journalist Eleanor Terrett shared the Nasdaq approval and stated that as of 5:30 PM ET, Canary Funds’ XRP ETF was officially effective after Nasdaq had certified its listing, clearing XRPC for launch the following day at market open. Canary Funds CEO Steven McClurg said that they were very excited to go effective with the first single-token spot XRP ETF and that this would not have been possible without the leadership of Chairman Atkins, Commissioner Pierce, and all the other fine people at the SEC who were pro-free markets.        

Can XRP Break Above $3 Psychological Level in 2025 by Capitalizing on This ETF Momentum?

According to market experts and analysts, XRP has a strong potential to break above the $3 psychological barrier once again in 2025, and the ongoing ETF momentum can act as a significant catalyst. The technical indicators indicate that XRP is currently at a crucial juncture, and a bullish momentum fueled by the launch of the Canary Capital spot XRP ETF is likely to lead to a breakout above the $3-$3.10 zone. According to experts, the price level can only be achieved if XRP clears the resistance $2.57–$2.60; they also claim that sustained support above $2.50 and a daily average of $2.49 are essential to maintaining a bullish momentum. 

Crypto analyst Zabi Alts King posted on X by stating that this development was expected to bring institutional investors into the XRP market, potentially driving up demand and price. He added that analysts predicted significant inflows, with some forecasting over $100 million in short-term capital. He noted that the approval of this ETF was a major win for Ripple and crypto investors, signaling improved regulatory sentiment in the US. He remarked that it was a historic moment for XRP, solidifying its place alongside Bitcoin and Ethereum in the growing lineup of US spot crypto ETFs.

Bottom Line

Thursday’s ETF launch will indicate a monumental shift in the SEC’s approach to crypto, and the regulatory landscape shifts could be a key factor in the upcoming market conditions, including XRP’s price rally. The regulatory environment and the existing lack of clarity about that have always been a growth-hindering factor for crypto, but the Donald Trump administration and the former SEC Chair, Gary Gensler’s resignation, triggered pro-crypto initiatives. NovaDius Wealth Management President Nate Geraci acknowledged the changing crypto regulatory landscape and stated that just over one year ago, the SEC had been appealing a court decision that XRP did not meet the legal definition of a security, and that on Thursday, it looked like the first ’33 Act spot XRP ETF would launch. He found it hard to describe the crypto regulatory shift over the past year, describing it as night and day.