The first U.S. spot XRP exchange-traded fund (ETF), launched by Canary Capital under the ticker XRPC, experienced a strong debut on November 13, 2025, with impressive trading volume, but the price of XRP has remained relatively stable. The ETF's launch had been highly anticipated, especially after Nasdaq certified the listing and the Securities and Exchange Commission allowed the product to become automatically effective.
Within the first 30 minutes of trading, Canary Capital's XRPC pulled in $26 million in volume. Bloomberg senior ETF analyst Eric Balchunas highlighted the early surge, noting that XRPC could surpass Solana's $BSOL ETF, which recorded $57 million on its first day, the highest of any ETF launch this year. Balchunas admitted the figure far exceeded his initial $17 million prediction. Within the first three hours, the XRP ETF surpassed $36 million in trading volume.
While the initial trading volume was substantial, the price of XRP has not seen a corresponding surge. XRP traded between $2.32 and $2.52 in the past 24 hours, rising about 3.6%, but staying within a narrow range. XRP is currently trading at $2.47, maintaining strength above its $2.20 support zone. The token faces resistance between $2.69 and $2.84.
The strong opening of the XRP ETF is seen as a significant step for XRP's journey into traditional finance. Analyst Dom Kwok predicted in August that XRP's ETF would be among the most popular ever. Kwok added that it may only be a matter of time before BlackRock launches its own XRP fund, signaling growing institutional interest.
The ETF offers investors simplified exposure to XRP, removing the complexities of digital wallets and private keys. Shares of XRP can be held in standard brokerage accounts as well as self-directed IRAs and other tax-advantaged structures. The ETF is not actively managed and will not take any actions to take advantage, or mitigate the impacts, of volatility in the price of XRP.
The XRP ETF's high trading volume indicates strong investor interest in XRP, but the muted price response suggests that the ETF's launch was already priced into the market or that other factors are influencing XRP's price. The broader crypto market registered a decline of 1.29%. The Exponential Moving Average (200) stands near $2.58, closely aligning with the key resistance range of $2.63–$2.70.
