XRP Price Prediction as Canada Launches 2 XRP ETFs; Whale Wallets Hit Record 2,700+ XRP Holders
Big news for the crypto space, Canada has approved the world’s first two spot XRP exchange-traded funds (ETFs). Purpose Investments and 3iQ’
Quick overview
- Canada has approved the world's first two spot XRP exchange-traded funds (ETFs), which began trading on June 18, 2025.
- The ETFs, offered by Purpose Investments and 3iQ, provide various options for investors and waive management fees for the first six months.
- Following the ETF announcement, XRP Ledger activity surged, with daily active addresses reaching nearly 295,000 and whale accumulation increasing significantly.
- In contrast, the US SEC has yet to approve a spot XRP ETF, leaving American markets behind amid ongoing legal challenges.
Big news for the crypto space, Canada has approved the world’s first two spot XRP exchange-traded funds (ETFs). Purpose Investments and 3iQ’s funds started trading on the Toronto Stock Exchange on June 18, 2025. Purpose XRPP offers CAD-hedged, unhedged and USD-denominated versions while 3iQ’s XRPQ provides institutional grade exposure with cold storage and regulated custodians. Both ETFs waive management fees for 6 months and are eligible for tax-advantaged accounts like RRSPs and TFSAs.
These ETFs give investors direct access to XRP without self-custody or crypto-native infrastructure. Canada is now a first-mover in crypto regulation while the US is still lagging behind.
Ledger Activity and Whale Accumulation Surge
The ETF news triggered a surge in on-chain activity. Daily active addresses on the XRP Ledger (XRPL) jumped to almost 295,000 – 7x the 90-day average. More importantly, the number of wallets holding over 1 million XRP surpassed 2,700 – institutional confidence is surging.
- 295,000 active XRPL addresses post-ETF news
- Whales now hold over $2.25 million worth of XRP
- On-chain momentum aligns with ETF-driven legitimacy
This is a big shift in how institutional capital views XRP’s long-term potential.
SEC Delay Leaves US Behind
Despite the demand, the US SEC has not approved a spot XRP ETF. Firms like Franklin Templeton have filed but progress is stalled due to the ongoing lawsuit between Ripple and the SEC.
The court pause has pushed the next update to mid-August leaving US markets behind.
Technical Analysis: XRP Tightens Near Key Support
XRP/USD is at $2.15 just above the ascending trendline support from the June 13 low. Price action has formed a symmetrical triangle, lower highs and flat support, compression and breakout imminent.
- Resistance: $2.17 (50 EMA), $2.20 (200 EMA)
- Support: $2.12 trendline, $2.09 horizontal* Bearish candles and Doji indicate momentum is fading
Trade: Short below $2.12 to $2.09 and $2.06 with stop above $2.18. Or breakout above $2.18 with bullish candles like a bullish engulfing or three white soldiers to $2.25 and up.
Wait for the breakout.
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