XRP ETF Debut Sparks $37.7M Volume, 762% Inflow Surge
The Osprey REX XRP ETF launched on CBOE at $25.80 per share, matching its NAV derived from the CME CF XRP-Dollar Reference Rate and CoinShares’ Physical XRP product. The XRP ETF recorded $24 million in volume within the first 90 minutes and closed day one at $37.7 million, outpacing previous futures-based ETF launches. Exchange inflows jumped 762% to 11.57 million XRP, reflecting active repositioning by institutional traders. Despite spot XRP trading near $3.11, ETF shares held a $25–$26 range. Technical analysis shows XRP at the upper daily Bollinger Band, with expanding monthly bands suggesting consolidation between $3.10 and $3.30 unless a volume spike triggers a breakout. Traders should monitor XRP ETF inflows, exchange flows, and spot volumes for breakout cues. Anticipated U.S. spot XRP ETFs from Franklin Templeton, Bitwise, 21Shares, and Grayscale later this year could further drive institutional adoption and help XRP retest the $3.50 resistance level.
Bullish
The XRP ETF debut reflects strong institutional demand, as evidenced by a 762% surge in exchange inflows and robust first-day trading volume of $37.7M. In the short term, spot XRP may consolidate in the $3.10–$3.30 range due to technical signals and price disconnection from ETF shares. However, the launch paves the way for additional U.S. spot XRP ETFs, likely boosting institutional adoption and liquidity. This sets the stage for a bullish outlook, with potential to retest the $3.50 resistance as ETF inflows and approvals accumulate.