XRP Price EXPLODES as Nasdaq Certifies First US Spot ETF – Massive Inflows Incoming?

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Updated on 13 Nov 2025, 05:53 am

Nasdaq has officially certified the first-ever U.S. spot XRP Exchange Traded Fund (ETF), named XRPC by Canary Capital. This landmark product is slated for launch at the U.S. market open on Thursday. The certification by Nasdaq clears the way for the fund to be listed and traded, representing one of the fastest approvals through the U.S. Securities and Exchange Commission's (SEC) automatic-effectiveness process for such products.

The XRPC ETF will hold XRP directly, with Gemini Trust Company and BitGo Trust Company serving as custodians. Its pricing will be benchmarked against the CoinDesk XRP CIXber index. Industry experts view this launch as a significant step for spot-cryptocurrency Exchange Traded Products (ETPs), extending adoption beyond Bitcoin and Ethereum ETFs.

Anticipation for the ETF has already impacted XRP's market. The cryptocurrency saw a price increase of 3.28%, reaching $2.48, accompanied by a 31% surge in trading volume. Over 21,000 new XRP wallets were created in the 48 hours preceding the announcement, indicating strong network expansion. However, some large holders ('whales') have offloaded approximately 90 million tokens, introducing short-term supply pressure.

Technically, XRP has broken through key resistance at $2.45, trading within a constructive ascending channel. Momentum indicators suggest potential for continued bullishness, provided it stays above the $2.38 support level. The primary catalyst for sustained upward movement will be institutional inflows following the ETF's launch.

Impact: This development is highly significant for the cryptocurrency market, particularly for XRP. It signals increased institutional acceptance and could lead to substantial capital inflows into XRP, potentially driving its price higher and influencing other altcoins. For the broader crypto ETP market, it represents a crucial expansion beyond major cryptocurrencies. Rating: 8/10 for crypto market impact.

Terms: * **U.S. spot XRP ETF**: An Exchange Traded Fund (ETF) traded in the United States that directly holds XRP cryptocurrency and tracks its market price. * **Nasdaq**: A major global electronic stock exchange where securities are traded. * **SEC (Securities and Exchange Commission)**: The U.S. government agency that regulates the securities market. * **ETP (Exchange Traded Product)**: A type of security that tracks an underlying asset, index, or basket of assets, and is traded on stock exchanges. * **Custody**: The service of securely holding and safeguarding financial assets on behalf of clients. * **Benchmark**: A standard or index used as a point of reference for measuring performance or setting prices. * **On-chain analytics**: The study of data recorded on a blockchain to understand network activity and asset flows. * **Whales**: Individuals or entities holding very large quantities of a particular cryptocurrency, whose trading actions can significantly affect market prices. * **Technical indicators**: Tools like RSI and MACD used in financial market analysis to predict future price movements based on historical data.