XRP ETF Draws $46M Volume on Launch Amid Modest Price Dip

• XRP ETF records $26 million volume in first 30 minutes, highlighting strong investor interest in spot XRP exposure.

• Trading activity surged amid pro-crypto regulatory shifts following U.S. political changes.

• XRP price fell 2.7% to $2.28, supported by its 365-day moving average, with ETF shares dropping 8% intraday.

Discover the XRP ETF launch details, trading volumes, and price impacts in 2025. Stay ahead in crypto investments—explore key insights and forecasts now (152 characters).

What is the Impact of the XRP ETF Launch on Crypto Markets?

The XRP ETF from Canary Capital debuted with robust trading, pulling in more than $46 million shortly after opening, signaling high demand for XRP exposure in traditional finance. Despite this enthusiasm, XRP’s price experienced a slight decline, reflecting a typical “sell-the-news” reaction. Analysts predict long-term bullish effects as ETFs bridge crypto and mainstream investing.

Trading volume for the Canary Capital XRP ETF crosses $46 million. Source: James Seyffart

How Did the XRP ETF Perform in Its Initial Trading Hours?

The Canary Capital XRP ETF, which holds spot XRP, saw impressive early activity. Within the first 30 minutes, it recorded $26 million in trading volume, as reported by senior Bloomberg ETF analyst Eric Balchunas. Bloomberg ETF analyst James Seyffart noted that with 2.5 hours left in the trading day, the fund had already surpassed $46 million, likely ranking near the top for 2025 crypto ETF launches and potentially outpacing Bitwise’s Solana ETF.

This performance underscores the growing appetite for XRP-based products. The ETF’s debut followed heightened anticipation since 2024, boosted by the reelection of U.S. President Donald Trump and subsequent pro-crypto regulatory adjustments. Investors see such vehicles as gateways to direct crypto ownership without managing wallets, drawing funds from stock markets into digital assets.

However, the launch day was not without volatility. XRP’s price dipped 2.7% over 24 hours, moving from a high of about $2.50 to $2.28, where it stabilized above its 365-day moving average—a key support level. Similarly, XRPC shares fell 8% from an intraday peak of nearly $27 to around $24.50, per data from Yahoo Finance.

Canary XRP ETF price action. Source: Yahoo Finance

Despite the short-term pullback, the ETF’s strong inflows highlight its potential as a price catalyst. Financial services firm JPMorgan has projected that an XRP ETF could draw up to $8 billion in capital over time, based on historical patterns with other crypto funds. Early 2025 forecasts from market analysts suggested XRP might reach above $10 post-approval, driven by institutional adoption and regulatory clarity.

Recent projections indicate a possible rally to $5 by year-end, fueled by the ETF’s momentum and the U.S. government’s resolution of its shutdown, which eased broader market uncertainties. These developments align with XRP’s utility in cross-border payments, enhancing its appeal to investors seeking efficiency in global transactions.

ETFs like this one democratize access to cryptocurrencies, allowing retail and institutional players alike to gain exposure through familiar brokerage accounts. This influx could stabilize XRP’s price over the long term, as consistent buying pressure from ETF managers counters natural market fluctuations.

Frequently Asked Questions

What Factors Contributed to the High Trading Volume of the XRP ETF on Launch Day?

The XRP ETF’s $46 million debut volume stemmed from pent-up demand after regulatory hurdles eased in late 2024 and early 2025. Pro-crypto policies under the new U.S. administration accelerated approvals, while XRP’s established role in Ripple’s payment network drew institutional interest seeking diversified crypto holdings (48 words).

Why Did XRP’s Price Dip After the ETF Launch?

XRP’s price dropped about 2.7% to $2.28 following the launch due to a classic sell-the-news event, where traders cashed in on pre-approval hype. The token remains supported by its long-term moving average, and analysts expect recovery as ETF inflows build sustained demand for those trading digitally (52 words).

Key Takeaways

• Strong Debut Performance: The XRP ETF amassed $46 million in volume quickly, rivaling top 2025 launches and boosting visibility for XRP.
• Price Volatility Expected: An 8% intraday drop in ETF shares and 2.7% in XRP reflect short-term profit-taking, but support levels hold firm.
• Long-Term Bullish Outlook: With projections up to $5 by 2025 end, investors should monitor regulatory progress and institutional flows for entry points.

Conclusion

The launch of the XRP ETF marks a pivotal moment for cryptocurrency integration into mainstream finance, with Canary Capital’s fund demonstrating robust investor enthusiasm through high initial volumes. While early XRP price dips highlight market dynamics, forecasts from experts at Bloomberg and JPMorgan point to substantial capital inflows and potential rallies ahead. As regulatory environments continue to favor innovation, staying informed on XRP ETF developments will be essential for navigating the evolving crypto landscape—consider positioning your portfolio for these opportunities today.