First U.S. Spot XRP ETF Launches on Nasdaq, Analysts Predict Rally

The XRP market has achieved a significant milestone with the launch of the first U.S. spot XRP ETF, Canary Capital's XRPC, on Nasdaq. This development allows traditional investors to access XRP through regulated brokerage accounts, potentially boosting prices.

Canary Capital's XRPC is the first fully spot-based XRP ETF in the U.S., directly holding XRP and tracking the XRP-USD CCIXber Reference Rate Index.
The ETF's approval followed its Form 8-A filing with the SEC, overcoming regulatory challenges.
Other firms like Franklin Templeton, Bitwise, CoinShares, and 21Shares have pending XRP ETF applications, possibly increasing liquidity and demand.
On-chain data indicates accumulation by holders as exchange inflows decrease, with XRP trading between $2.39 and $2.50.

Crypto analyst Egrag Crypto suggests that XRP is nearing the end of a consolidation phase, potentially leading to a significant price rally within 4–6 weeks. Historical patterns and Fibonacci projections point to long-term targets between $10 and $37, though short-term caution persists.

Institutional support is bolstering XRP's position as a utility-driven asset, as highlighted by BlackRock at Swell 2025.
The upcoming Fed rate decision and changing risk appetite could further influence XRP's trajectory.

If current trends continue, the launch of XRPC may mark the start of a major XRP rally.