XRP Beats Bitcoin as Ripple-Linked Token's ETF to Go Live at U.S. Market Open
XRP rallied ahead of its first U.S. spot ETF launch on Nasdaq, with the token clearing key resistance levels.Summary
Canary Capital’s spot XRP ETF, ticker XRPC, is set to launch at the U.S. market open on Thursday after Nasdaq certified its listing, marking the first U.S. exchange-listed XRP fund. The ETF will use Gemini Trust Company and BitGo Trust Company for custody and the CoinDesk XRP CCIXber benchmark for pricing. XRP experienced a significant price rally, gaining 3.28% to $2.48 on Wednesday, outperforming the broader crypto market as traders accumulated positions ahead of the event, with volume surging over 30% above the seven-day average. On-chain data showed strong network expansion, though some large holders were distributing tokens. Technically, XRP maintains a constructive ascending channel, holding above $2.40 support, with analysts watching for institutional flows to potentially trigger an "ETF rerating" phase similar to Bitcoin's experience.
(Source：CoinDesk)