XRP ETFs Launch with $58 Million Volume, Boosting Institutional Interest

The launch of the first U.S. spot XRP ETFs has invigorated institutional interest in the asset. Key players like Canary Capital, Franklin Templeton, and Grayscale are now participating in this market development.

XRP ETFs Ignite Institutional Momentum

Canary Capital’s XRPC opened with over $58 million in first-day volume, marking it as a strong debut among recent ETF launches.
Franklin Templeton plans to list its Franklin XRP ETF on NYSE Arca soon.
This pattern reflects early phases of Bitcoin and Ethereum ETF introductions, featuring initial volatility followed by greater adoption.
XRP price stabilized between $2.12–$2.17 after an initial surge.

Can XRP Truly Compete With Ethereum's Dominance?

XRP aims to challenge Ethereum, yet remains behind with a $129 billion market cap compared to Ethereum’s $373 billion.
XRP is optimized for payments, unlike Ethereum’s programmable applications ecosystem.
The lack of a native smart-contract capability limits XRP’s potential against Ethereum’s developer-driven demand.
Despite this, expanding utility and ETF activity may boost XRP’s market cap significantly.

Price Outlook: Volatility Now, Bigger Moves Later

XRP is at a critical support near $2.12, facing selling pressure but with increased open interest from $1 billion to $6 billion since October.
Analysts are optimistic about long-term growth, projecting possible increases to $6–$25 if ETF inflows grow and liquidity tightens.
Upcoming ETF listings in November and December will influence XRP’s market trajectory.