Ripple’s XRP Jumps 3% as Spot ETF Set to Debut When U.S. Trading Begins

XRP Surges Past Resistance as Nasdaq Approves First U.S. Spot ETF; Volume Jumps 31%

XRP rallied sharply Wednesday after Nasdaq approved the first U.S. spot exchange-traded fund (ETF) tied to the Ripple-linked token, marking a major expansion of regulated crypto investment products beyond Bitcoin and Ethereum.

ETF Approval Finalized

Nasdaq confirmed Canary Capital’s spot XRP ETF (ticker: XRPC) as effective under the SEC’s 8(a) automatic-effectiveness process, clearing the way for trading to begin at the U.S. market open on Thursday.
The fund will hold XRP through Gemini Trust Company and BitGo Trust Company, with pricing provided by the CoinDesk XRP CCIXber benchmark. The approval — among the fastest in recent ETF history — positions XRPC as a potential new channel for institutional exposure to XRP.

Analysts expect inflows to mirror early Bitcoin and Ethereum ETF adoption, with several major desks reportedly preparing hedging and arbitrage strategies ahead of launch.

On-Chain Activity Builds Ahead of Listing

Blockchain data shows renewed network growth and mixed whale behavior leading up to the ETF approval. Over 21,000 new XRP wallets were created within 48 hours — the highest in eight months — signaling strong retail and institutional anticipation.
At the same time, wallets holding between 1 million and 10 million XRP reduced balances by roughly 90 million tokens, introducing short-term supply pressure despite bullish sentiment.

Market Action

XRP gained 3.28% to $2.48, outperforming the broader market by nearly 4 percentage points as traders positioned for Thursday’s debut. The token broke decisively above $2.45, its weekly resistance ceiling, while trading volume surged 30.81% above its seven-day average — confirming heavy institutional participation.

Overnight, XRP reached a session high of $2.52 on 163 million tokens traded, marking a 143% increase in 24-hour volume. Profit-taking later trimmed gains, but the token held firm between $2.46–$2.49, sustaining strong demand above $2.40.

Technical View

XRP remains within a bullish ascending channel, with intraday lows stepping higher from $2.40 to $2.46. Immediate resistance stands at $2.52, with secondary targets at $2.59 and $2.70.

Momentum indicators back the upward bias — the RSI remains below overbought levels on the 4-hour chart, while MACD momentum continues widening in positive territory.

Volume remains the key validation factor: Wednesday’s 163M-token breakout highlights robust participation from institutional desks.
A sustained close above $2.45–$2.47 should keep bullish momentum intact heading into the ETF launch. A drop below $2.38, however, would weaken the setup and risk a retest of lower support near $2.40.

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