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Canary Capital’s XRPC spot XRP exchange-traded fund launched on NASDAQ on November 13, marking the first U.S.-listed spot XRP ETF. The debut followed the exchange’s certification of the listing and attracted attention from both retail traders and institutional investors.
Canary Capital opened trading for XRPC with strong activity. The fund recorded about $26 million in volume within the first 30 minutes of the session, ranking among the most active altcoin ETF launches this year.
The XRP ETF extends the growth of spot crypto funds beyond Bitcoin and Ether. Earlier spot BTC ETFs saw multi-billion-dollar first-day turnover, while spot Ether ETFs reached hundreds of millions of dollars.
XRP traded higher into the launch event. The token climbed about 3% to trade near $2.40, moving through resistance at $2.35 as traders positioned ahead of the US market open. Trading volume rose more than 39% above its recent average, which signalled stronger engagement from larger investors.
Intraday action showed XRP price holding above the $2.35 support area for most of the session. Short-term charts displayed an ascending channel, with higher lows and repeated absorption of intraday dips. Technical indicators such as RSI and MACD pointed to firm momentum without reaching extreme conditions.
Price levels near $2.40 form the key support zone, while resistance sits around $2.50 with higher targets between $2.59 and $2.70. Market reaction to early ETF flows will show whether XRP can sustain an extended “ETF rerating” phase similar to previous Bitcoin and Ether cycles.
On-chain data also showed renewed network activity. More than 21,000 new XRP wallets appeared over a 48-hour window, the strongest expansion in several months. At the same time, large holders with balances between 1 million and 10 million XRP reduced exposure by roughly 90 million tokens, adding short-term supply but not breaking the constructive price structure.
Market participants view the XRPC listing as an important step in expanding US spot crypto ETFs beyond Bitcoin and Ethereum. The fund uses Gemini Trust Company and BitGo Trust Company for custody and applies a CoinDesk XRP benchmark for pricing. These features aim to meet institutional standards around security and transparency.
Several issuers prepare additional US XRP ETFs that could go live in the coming weeks, including products from Franklin Templeton, Bitwise, 21Shares, CoinShares, Grayscale, and WisdomTree. Management fees range around 0.34% to 0.50%, and commentators estimate that more than $1.5 trillion in potential Wall Street capital could access XRP through regulated funds.
For traders, XRPC now provides a new channel for exposure to XRP price movements within traditional brokerage accounts.
