XRPC ETF Launch Sees $58M Volume as XRP Eyes $5 in Wild Trading Session
Canary Capitals' new XRPC thingy, the first US spot ETF to give you direct XRP exposure, popped up on Thursday...
Quick overview
- Canary Capitals launched the XRPC ETF, the first US spot ETF providing direct XRP exposure, achieving $58 million in trading on its debut day, the highest for any ETF in 2025.
- XRPC outperformed the Bitwise Solana ETF, which garnered $57 million, highlighting the strong interest in crypto-linked ETFs this year.
- Despite a strong debut, XRP experienced significant volatility, dropping 7.3% during turbulent trading sessions, with 157.9 million XRP traded, 50% above average volume.
- Market analysts are optimistic about XRP's medium-term outlook, predicting potential price targets of $3.50 and long-term projections of $5 to $6, driven by institutional inflows.
Canary Capitals’ new XRPC thingy, the first US spot ETF to give you direct XRP exposure, popped up on Thursday, and it went pretty big with 58 million in one day of trading, which is the biggest opening for any ETF in 2025 & has left a bunch of other new funds in the dust. This beats out Bitwise Solana ETF (BSOL), which made $57 million on the same day, and XRPC snuck ahead by just a hair. The two new crypto-linked ETFs are now dominating 2025 fund launches, with the next-best fund trailing by over 20 million.
There’s been a significant increase in institutional investors looking to get in on altcoins, seeking a regulated way to access digital assets beyond Bitcoin and Ethereum. Well, XRP has a reputation as a key player in cross-border payments, and this is probably why there is a lot of early institutional interest in it, even though when the token’s price actually came out, it was a shrug.
XRP Volatility Takes The Market For A Wild Ride
You could forgive XRPC for having a strong debut, but XRP still saw some massive volatility. It dropped by 7.3% in one of the most turbulent sessions in weeks and broke through the $2.30 support level, all while trading in a $0.23 range on heavy volume.
Congrats to $XRPC for $58m in Day One volume, the most of any ETF launched this year (out of 900), BARELY edging out $BSOL's $57m. The two of them are in league of own tho as 3rd place is over $20m away. pic.twitter.com/MjsOeceeNb
— Eric Balchunas (@EricBalchunas) November 13, 2025
The low down is:
- 157.9 million XRP were traded, which is a whole 50% higher than the usual trade volume.
- Some random liquidation started between 04:32 and 04:35 UTC, pushing XRP down from $2.313 to $2.295 in just a few minutes.
- Also, on-chain activity saw 110.5 million XRP moving between unknown wallets, which didn’t help ease things up one bit.
This all culminated in a single-minute spike of 4.06 million XRP traded at one point, which just goes to show the extreme short-term liquidity stress.
Institutional Inflows Mean Big Potential
Some market analysts are getting excited about XRP’s medium-term outlook. They’re even talking about a five-wave structure that suggests a multi-year rally in sight. XRP is at the start of the 3rd wave & this is usually the strongest impulse in a five-wave pattern.
The Projections are:
- Right now: $2.40
- First big target: $3.50 (this is a 1.00 Fibo extension)
- long term potential: $5 – $6 ( this is a 1.618 extension) – over 150% upside
If it’s got a bunch of institutional investors throwing money into XRPC & other regulated crypto products, it could really help drive this big rally. While keeping an eye on how far it all goes, we will also be watching how quickly things move on the XRP ledger payment infrastructure.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Save