- Canary Capital’s XRP ETF gains automatic Nasdaq approval under the 1933 Act, trading expected soon.
- XRP price struggles near $2.46, with resistance around $2.70–$2.80 possibly deciding its next move.
The first XRP exchange-traded fund obtained clearance for a Nasdaq listing, marking a new development for regulated access to the token. The product, issued by Canary Capital Group, received automatic recognition after the company filed Form 8-A with the U.S. Securities and Exchange Commission.
Steven McClurg, CEO of Canary Capital Group, signed the filing on November 10, 2025. The document confirms that the shares fall under the Securities Exchange Act of 1934 and will trade under the ticker XRPC. Trading is expected to begin this week, with only a CERT filing pending to finalize the exact start date.
This registration ties back to the Form S-1 that was submitted on October 24, 2025. That document explained how the trust operates and noted that it is structured as a common share of beneficial interest overseen by Canary Capital Group LLC.
🚨 BREAKING: The Canary XRP ETF has been officially registered with the SEC 🇺🇸
The Form 8-A confirms its listing on the Nasdaq, signed by CEO Steven McClurg on November 10, 2025.
👉 This is the final step before launch.
After months of filings and updates, the first XRP ETF is… pic.twitter.com/otDUBVFdpm— Arthur (@XrpArthur) November 11, 2025
XRP ETF Launch Signals Broader Market Entry
Analysts said the ETF gives traders access to XRP via a regulated exchange, rather than relying on direct token purchases. Its launch came after the end of the prolonged US government shutdown, which had delayed various applications for an extended period.
ETF Institute founder Nate Geraci suggested that the launch of products like this could “open the floodgates” for wider spot crypto ETF activity. His comment reflects the view that more digital asset funds could soon enter US markets.
Government shutdown ending = spot crypto ETF floodgates opening…
In meantime, could see first ‘33 Act spot xrp ETF launch this week.
— Nate Geraci (@NateGeraci) November 10, 2025
Geraci previously noted in a post on X that the SEC spent about 5 years in legal action against Ripple, with the case ending nearly 3 months ago. He said the launch of a spot XRP ETF represents the “final nail in the coffin for the previous wave of anti-crypto regulators.”
McClurg expressed confidence in a strong performance, stating that the XRP ETF could achieve twice the gains Solana recorded in its first week of trading. His remarks suggest growing institutional interest in regulated digital assets.
XRP Faces Key Resistance at $2.70 and $2.80
At present, XRP trades at $2.46, down 3.04% over the past day. The chart pattern has been forming a descending channel, leaving the price fluctuating between lower highs and lower lows over recent weeks.
Attention is focused on levels around $2.60, where the 50-day and 100-day simple moving averages meet. Analysts have noted that recovering and holding above this area could test the upper resistance near $2.80.
According to Glassnode’s research, a large amount of XRP was previously bought at around $2.80, roughly 1.86 billion worth. This means that if the price rises to that level again, its upward momentum could slow down, as many traders may choose to sell at that point.
At the same time, technical analyst Chart Nerd stated on X that XRP is eyeing the next target at the $2.70 resistance level. According to him, if the token breaks through that zone, a path toward new all-time highs could open.
Market analysts suggest that regaining the 50-day average at $2.63 and then testing the downward trend line near $2.80 could create conditions that push the price toward the psychological level of $3.