REX-Osprey XRP ETF Launches with $37.7 Million First-Day Volume
- The REX-Osprey XRP ETF (XRPR) launched with $37.7 million in trading volume on its first day, marking the most successful ETF debut of 2025.
- The fund reached $24 million in trades within 90 minutes, surprising analysts.
- Despite the strong ETF debut, XRP saw little momentum, briefly rallying 4% before settling around a $3 support level.
- XRP futures trading surged over 140%, with open interest rising to $8.94 billion post-ETF launch.
- Spot market trading volume for XRP decreased by 13% in the last 24 hours, with the token down about 1%.
- Analyst Zenia suggests potential for a bull flag breakout, predicting XRP could reach $5 or even $15 long-term.
- On the 3-hour chart, XRP is steady at $3.04, within a rising parallel channel indicating a bullish structure.
A bounce from current levels could drive XRP toward upper channel resistance at $3.20–$3.25, potentially reaching $3.50 and beyond if momentum holds. A failure to maintain support could see prices drop to $2.85.