Canary Capital Nears Launch of First Spot XRP ETF in US

XRP Price Analysis and ETF Developments

Analysts anticipate a potential rise in XRP's price, currently at $2.39, based on historical patterns. Analyst Egrag Crypto notes XRP is at the bottom of a descending triangle, suggesting a possible rally.

Historical data from 2017-2018 and 2021 show significant gains: from $0.097 to $3.84 and below $0.45 to above $1.90, respectively.
Egrag predicts gains between 300% to 1,400% within 4–6 weeks, targeting $10 to $37.

Spot XRP ETF Progress

Canary Capital is advancing towards launching a spot XRP ETF in the US. The firm has filed Form 8-A, pending Nasdaq's certification for listing.

If approved, trading could begin when US markets open on November 14, 2025.
An ETF can increase accessibility for investors but does not guarantee a price surge.

Current Market Conditions

XRP is trading around $2.39, down about 3% over the last 24 hours. Traders are monitoring the triangle pattern for breakout signals. Factors such as higher trading volumes and regulatory changes differ from past years, affecting market dynamics.

The approval of the ETF could influence market behavior, though the extent is uncertain.