Nasdaq Certifies First U.S. Spot XRP ETF, Fueling 15% XRP Surge
Nasdaq has certified the first U.S. spot XRP ETF (XRPC) for launch at the U.S. market open, marking a key milestone for institutional investment. XRP surged to $2.48, gaining over 15% on a record 163 million-unit volume spike. The XRP ETF will custody XRP via Gemini Trust and BitGo, tracking the CoinDesk XRP CCIX benchmark. On-chain metrics show 21,000 new wallets created in 48 hours, while whales offloaded about 90 million XRP, signaling fresh demand and profit-taking. Technically, XRP trades in an ascending channel with support at $2.40 and resistance at $2.52. Momentum indicators on the four-hour chart—RSI below overbought and a bullish MACD slope—suggest room for further gains. Traders should watch for a sustained break above $2.52 to target $2.59–$2.70, while a drop below $2.38 would weaken the bullish structure.
Bullish
The Nasdaq approval and imminent launch of the spot XRP ETF triggered a sharp price rally and record volume, signaling strong institutional demand. In the short term, ETF accessibility may drive further inflows as traders chase breakout levels at $2.52 and $2.59. Over the long term, ETF adoption tends to stabilize and deepen institutional participation, mirroring bullish cycles seen in BTC and ETH. While profit-taking and resistance near key technical thresholds could introduce volatility, the overall catalyst remains positive for XRP’s price trajectory.