The first U.S. spot XRP ETF — XRPC by Canary Capital — debuted with $58 million in day-one trading volume. This marks the strongest ETF launch of 2025, reflecting rising institutional demand for regulated altcoin exposure.

The success of XRPC and Bitwise’s Solana ETF places them far ahead of all other new funds this year. Investors increasingly turn to such products to gain access to digital assets without holding tokens directly.

Despite the strong ETF debut, XRP itself dropped sharply — falling 7.3% and breaking below the $2.30 support. The decline came with liquidation spikes, heightened volatility, and over 110 million XRP moving between unknown wallets.

Still, analysts remain optimistic: sustained institutional inflows could push XRP above $3.50 by late 2025 and toward $5 in 2026. Technical models also point to the potential formation of a major new bullish wave.