Spot XRP ETF Logs $26M Early Volume as XRP Edges Up 3.6%
XRP moved modestly higher intraday, trading in a $2.32–$2.52 range and gaining roughly 3.6% as Canary Capital’s XRPC — marketed as the first U.S. spot XRP ETF — posted about $26 million in early volume. That initial liquidity is notable: it confirms tangible demand for a regulated XRP vehicle and gives institutional buyers a new on-ramp, but price action so far has been tepid relative to expectations.
The mixed outcome matters because ETFs can concentrate flows and amplify volatility when large buyers enter. For now, traders should watch whether sustained inflows to XRPC translate into higher on-chain activity or continued accumulation on exchanges. Short-term consolidation remains the likeliest path, though renewed momentum could arrive if the ETF attracts steady daily volume or if macro and regulatory signals turn decisively bullish.