XRP ETF Debuts Strong on Nasdaq
The newly launched XRP Spot ETF, under the ticker XRPC by Canary Capital, took the market by storm on November 13, 2025, showcasing a strong performance on its first trading day. The fund recorded $26 million in trading volume within its initial 30 minutes and closed with an impressive $58.5 million total trading volume. Additionally, it attracted $245 million in net inflows, demonstrating substantial investor interest.
Comparison to Bitcoin and Ethereum ETFs
Despite the buzz surrounding XRPC, its initial performance fell short in comparison to Bitcoin (BTC) and Ethereum (ETH) spot ETF launches. Bitcoin’s entry recorded $4.1 billion in day-one trading, while Ethereum raked in $1.1 billion. Nonetheless, XRPC outperformed all the other ETFs launched this year, solidifying its position as a major breakthrough in 2025. According to Bloomberg’s Eric Balchunas, it set a high standard for success among 900 other launches this year.
The Ripple Effect on XRP Prices
Despite the ETF launch, XRP experienced a price dip. At the time of writing, XRP was trading at $2.27, marking a nearly 9% decrease in its daily chart. Broader crypto-market weakness contributed to this decline, with the entire cryptocurrency market cap dropping by 6% or $160 billion in 24 hours. Bitcoin, XRP’s closely correlated asset, also saw significant losses, hitting a six-month low at $96,000. Liquidations across derivative markets added to the volatility, affecting major altcoins.
Technical Analysis of XRP
From a technical perspective, XRP appears to face bearish momentum. It is currently trading below its 30-day simple moving average (SMA) of $2.42 and the critical pivot level at $2.38. With the 14-day Relative Strength Index (RSI) at 44.71, market trends indicate further downward pressure in the near term. The bearish sentiment was intensified as institutional players moved 1.4 billion XRP to exchanges before the Canary listing, signaling potential profit-taking activity.
Where to Trade XRP
For cryptocurrency enthusiasts and investors interested in riding the tides of the XRP ETF buzz, trusted platforms like eToro offer an exceptional trading experience. eToro provides access to XRP and over 3,000 assets, including stocks, ETFs, and commodities. This platform also includes features like copying top-performing traders in real-time. However, investors should always remember the inherent risks involved with cryptocurrencies.
Conclusion
The introduction of Canary Capital’s XRP Spot ETF (XRPC) marks a notable step in the evolution of cryptocurrency investment. While the broader market challenges have tempered enthusiasm temporarily, the ETF’s debut highlights the growing acceptance of digital assets in mainstream finance. As the market adjusts, this launch could lay the foundation for further innovations and opportunities in the cryptocurrency sector.
