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.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
