XRP Price Prediction As First-ever Spot XRP ETF Records $26 Million in Early Trading Volume

Share This Post

XRP News Today

The post XRP Price Prediction As First-ever Spot XRP ETF Records $26 Million in Early Trading Volume appeared first on Coinpedia Fintech News

XRP traded between $2.32 and $2.52 in the past 24 hours, gaining around 3.6%, but failed to deliver the big rally many traders were hoping for. The slow price movement came as Canary Capital’s new XRPC fund, the first-ever U.S. Spot XRP ETF, went live today with powerful early numbers

XRPC Records $26 Million in First 30 Minutes

The launch of Canary Capital’s Spot XRP ETF (XRPC) made an immediate splash. In just the first 30 minutes of trading, XRPC recorded $26 million in volume, far exceeding analyst expectations.

Bloomberg’s Eric Balchunas, who initially forecast $17 million, reacted by saying, “Wow, gonna blow away my $17m guess.” He added that XRPC now has a strong chance of surpassing $BSOL’s $57 million to become the biggest Day One ETF launch of the year.

Built for Speed and Global Payments

The ETF is now live on Robinhood and Nasdaq, giving traditional investors direct exposure to the XRP Ledger’s native token. Canary Capital explained that XRPC reflects the XRP network’s performance across global payment and liquidity systems, highlighting its speed, scalability, and proven cross-border utility in distributed finance.

Analysts Split on Full-Day Volume Forecast

Bloomberg’s James Seyffart predicted up to $34 million in total day-one volume, while Balchunas’ revised view suggests it could go much higher. Investors are closely watching to see if XRPC can outshine the debut performance of earlier Bitcoin and Ethereum ETFs, which drew strong institutional inflows.

Support Still Strong

Even though the price is not rising fast, XRP is holding steady above $1.21, which is a strong support level. The token recently touched the $1.75 to $2.17 zone and bounced slightly, showing that buyers are still active.

If XRP can rise above $2.84, it could start moving toward $5 over the next few months.

Resistance to Watch

Right now, XRP is facing resistance between $2.69 and $2.84. It needs to move above this range to start a stronger upward trend. Until then, the price is likely to stay flat.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Texas Billionaire’s Monet Bank Steps Into Crypto Lending

The post Texas Billionaire’s Monet Bank Steps Into Crypto Lending appeared first on Coinpedia Fintech News Monet Bank, a Texas community bank owned by billionaire and major Trump supporter Andy

Kraken Launches Local COP Deposits in Colombia, Boosting Crypto Access

The post Kraken Launches Local COP Deposits in Colombia, Boosting Crypto Access appeared first on Coinpedia Fintech News Kraken has expanded its services in Colombia with the launch of local payment

CoinShares Says Tether Is Strong, Not Struggling

The post CoinShares Says Tether Is Strong, Not Struggling appeared first on Coinpedia Fintech News CoinShares Head of Research James Butterfill pushed back on fresh concerns from Arthur Hayes and

Terra Classic (LUNC) Price Rallies Over 150%: Will the Bullish Momentum Last Long?

The post Terra Classic (LUNC) Price Rallies Over 150%: Will the Bullish Momentum Last Long appeared first on Coinpedia Fintech News Terra Classic (LUNC) and Terra (LUNA) are back in the headlines

SEC to Hold Crypto Privacy Roundtable on December 15th

The post SEC to Hold Crypto Privacy Roundtable on December 15th appeared first on Coinpedia Fintech News The US Securities and Exchange Commission has set a new date for its long-anticipated crypto

Australian Bitcoin Lobby Files Complaint Against ABC Over Misleading Article

The Australian Bitcoin Industry Body (ABIB) has formally filed a complaint with the national broadcaster ABC regarding a Dec 1 article concerning bitcoin Allegations of Misrepresentation and Bias An