Key Takeaways:
- Canary Capital’s XRPC is the first US spot XRP ETF, launching Nov. 13.
- Institutional demand and altcoin ETF momentum drive mainstream adoption.
- On-chain data shows bullish holding but cautious whale activity.
- Price may rally toward $5 if demand sustains, with key technical levels at $2.31 and $2.88.
XRP Goes Mainstream: First US Spot ETF Launches Tomorrow
XRP is set to make a historic leap into mainstream finance as Canary Capital’s spot XRP ETF receives regulatory approval. Nasdaq certified the listing on November 12, 2025, and trading will begin November 13 under the ticker XRPC, marking the first-ever US spot XRP ETF. The launch reflects growing institutional interest in regulated cryptocurrency investment and signals a pivotal moment for Ripple’s native token.
Regulatory Path Clears the Way
Canary Capital used the auto-effective registration process under Section 8(a) of the Securities Act of 1933. By filing Form 8-A and removing delaying amendments, the fund triggered automatic SEC approval, a process now widely adopted by crypto ETF issuers. Nasdaq Regulation submitted final certification, signed by Eun Ah Choi, clearing the last regulatory hurdle.
This milestone underscores XRP’s legitimacy in traditional finance after years of regulatory uncertainty and positions the token for broader adoption among institutional investors.
Market Momentum and ETF Trends
XRP’s spot ETF launch follows recent altcoin ETF surges, including Solana, Litecoin, and Hedera. Institutional appetite for regulated exposure is strong: Bitwise’s Solana ETF saw first-day trading of $56 million, rising to $72 million by day two. Similarly, XRP futures-based ETFs like REX-Osprey’s fund reached over $100 million in assets under management within a month of launch.
Also Read: Is XRP About to Soar? Canary Capital ETF Sparks Price Surge
Currently, eleven XRP ETFs are listed on the DTCC, reflecting increasing confidence from major financial players including Bitwise, Franklin Templeton, 21Shares, and CoinShares. These developments suggest XRP is moving from a niche digital asset to a mainstream financial instrument.
On-Chain Activity Signals Mixed Sentiment
On-chain metrics show 216 million XRP were withdrawn from exchanges ahead of the ETF launch, signaling bullish holding behavior. Yet whales reduced positions by 10 million XRP, and long-term holders sold 135.8 million XRP in early November, indicating cautious profit-taking.
Also Read: DOGE Price Bottom or Bull Trap? On-Chain Data Reveals the Truth
Active addresses hit three-month highs, while futures open interest declined, pointing to reduced leveraged speculation. This mix suggests rising retail interest but measured institutional activity, which could temper short-term volatility.
Price Outlook
XRP traded near $2.39 as of November 13, with technical patterns highlighting key levels: $2.88 for potential breakout and $2.31 as support. Analysts suggest a possible rally toward $5 by Q4 2025 if institutional inflows strengthen and supply remains low. Market rotation away from Bitcoin enhances XRP’s market dominance, though profit-taking may temper initial gains post-launch.
