XRP News: XRP ETF Launches With Strong Day-One Volume as XRP Price Slips in Sell-the-News Reaction

Key PointsCanary Capital’s XRP ETF (XRPC) generated $46M+ in trading volume within hours of launch.XRP fell 2.7% to $2.28 despite expectations for a bullish ETF catalyst.Analysts say XRPC is tracking toward one of 2025’s top ETF debuts.The first U.S. spot XRP exchange-traded fund launched Thursday with stronger-than-expected demand, pulling in tens of millions in volume despite a muted price reaction from the underlying asset.Canary Capital’s XRP ETF (XRPC) recorded $26 million in trading volume during its first 30 minutes, according to Bloomberg ETF analyst Eric Balchunas. By mid-afternoon, trading had surpassed $46 million, positioning XRPC among the top ETF launches of 2025.Bloomberg analyst James Seyffart noted the fund “has a real shot at beating Bitwise’s Solana ETF (BSOL) for the top spot” in first-day volume.The launch follows more than a year of speculation, amplified by the re-election of U.S. President Donald Trump and an accelerated shift toward pro-crypto regulation.XRP Dips After ETF Debut in Classic Sell-the-News MoveDespite the strong ETF interest, XRP prices pulled back, dropping 2.7% over the past 24 hours from roughly $2.50 to $2.28. The token is trading just above its 365-day moving average, a level that has acted as dynamic support throughout the year.The ETF itself saw a similar retracement. XRPC fell 8% from an intraday high near $27 to around $24.50, according to Yahoo Finance data.Market analysts had previously projected an ETF approval could send XRP into a multi-month rally, with some forecasts calling for price targets above $10.Institutional Flows Expected to Strengthen OutlookJPMorgan analysts estimate an XRP ETF could draw up to $8 billion in capital, echoing the inflow dynamics seen in Bitcoin and Ethereum funds.More recent projections suggest a potential XRP rally toward $5 by late 2025, driven by the ETF launch and expectations of returning liquidity after the U.S. government shutdown ended.While the debut brought strong demand, the price response remains subdued — a pattern consistent with past (BTC, ETH, SOL) ETF launches, where initial inflows were met with short-term sell-the-news pullbacks.