Key Takeaways
- Canary Capital’s XRP ETF becomes first U.S.-listed spot XRP ETF.
- SEC approval fast-tracked via auto-effective registration.
- XRP price rises 4% amid ETF momentum and retail investor surge.
Canary Capital’s spot XRP ETF (ticker: XRPC) officially launched trading on the Nasdaq exchange today, November 13, 2025. This milestone follows swift approval from the U.S. Securities and Exchange Commission (SEC), making it the first-ever spot XRP ETF listed on a U.S. exchange. The ETF allows institutional and retail investors direct exposure to XRP without relying on futures contracts or derivatives.
The SEC approved the ETF using the auto-effective registration process under Section 8(a) of the Securities Act of 1933. This allowed the ETF to bypass extended reviews and gain rapid approval, especially during a partial government shutdown. Nasdaq certified the ETF listing on November 12, and trading began the following day.
Institutional Demand and Market Response Fuel Optimism
Canary Capital joins a growing list of firms launching altcoin-based ETFs, including those tied to Solana and Litecoin. BitGo and Gemini Trust serve as custodians for the fund, strengthening its regulatory and security credentials.
On-chain analytics from Glassnode highlight mixed market reactions. Over 216 million XRP (valued at approximately $556 million) left exchanges before the announcement — a bullish indicator, suggesting investor confidence in long-term holding. At the same time, large XRP holders (or “whales”) reduced their positions by 10 million XRP, indicating potential profit-taking behavior.
Despite that, retail investor activity has surged. XRP’s active wallet addresses hit a three-month high this week, and social sentiment spiked across platforms. Technical indicators also turned bullish, with XRP breaking the key pivot of $2.38 and surpassing the 38.2% Fibonacci retracement level.
Short-Term Outlook: Sideways Momentum with Bullish Potential
As of this morning, XRP trades around $2.39, up 4% on the day. Analysts predict a short-term range between $2.45 and $2.78. Key resistance levels are set at $2.779, $2.938, and $3.12, while support sits at $2.35, $2.29, and $2.01. Technical indicators like MACD and RSI are bullish, supported by growing volume and positive Cumulative Volume Delta (CVD).
The broader macro environment also supports upward movement. With the U.S. government shutdown officially resolved via a bill signed by President Donald Trump, liquidity is expected to return to markets Ripple’s ongoing expansion, including new bank partnerships and central bank digital currency (CBDC) pilots, may further support XRP’s performance. Analysts now forecast that XRP could potentially rally to $5 by year-end, with long-term projections eyeing $20 by 2030 based on continued institutional adoption.
