XRP ETF Explodes Onto US Market: $58M Day One Smashes 2025 Records

Wall Street's latest crypto cash grab just went live—and it's already printing money.

The first US spot XRP ETF landed with a $58 million opening volley, making it the year's most successful ETF debut. Traders piled in like it was 2021 all over again.

From regulatory purgatory to mainstream darling

XRP's Lazarus act hits new heights as institutional money floods in. The SEC's favorite whipping boy now has its own ticker—complete with slick marketing materials and overpriced custody fees.

The real winner? Middlemen

Brokerages are already salivating over the 1.5% management fee. Because nothing says 'financial innovation' like repackaging existing assets with a fresh coat of Wall Street markup.

One thing's clear: when traditional finance can't beat crypto, it just buys the ticker symbol.

XRP and Solana ETFs Dominate 2025 Launches by Wide Margin

The two funds now stand far ahead of the rest of the 2025 class, with the third-place ETF trailing by more than $20 million, a sign that crypto-linked products continue to dominate early-stage investor demand.

XRPC’s opening performance underscores growing institutional appetite for exposure beyond Bitcoin and ether, as capital begins flowing toward altcoins with strong use-case narratives.

XRP’s role in cross-border payments and its established ecosystem appear to have contributed to institutional interest, even though the token itself saw little immediate price movement following the ETF’s debut.

Congrats to $XRPC for $58m in Day One volume, the most of any ETF launched this year (out of 900), BARELY edging out $BSOL's $57m. The two of them are in league of own tho as 3rd place is over $20m away. pic.twitter.com/MjsOeceeNb

The strong early volume suggests investors are eager for regulated, exchange-listed vehicles that allow them to access alternative digital assets without holding the tokens directly.

Whether the momentum continues will be closely watched in the coming weeks, particularly as the market assesses broader interest in the XRP Ledger’s payment infrastructure and long-term utility.

XRP Drops 7.3% as First US Spot ETF Debuts

Meanwhile, XRP suffered a sharp 7.3% drop, breaking below the key $2.30 support level in one of its most volatile sessions in weeks, just as the first US spot XRP ETF made its market debut.

The decline unfolded across a violent $0.23 trading range, with 157.9 million XRP exchanged, nearly 50% above normal volume.

The Core breakdown hit during a four-minute liquidation wave between 04:32 and 04:35 UTC, when XRP plunged from $2.313 to $2.295.

A single-minute burst of 4.06 million XRP marked the session’s peak stress point, followed by a brief liquidity freeze as order books thinned.

On-chain activity added to the uncertainty, with 110.5 million XRP moving between unknown wallets during the selloff.

Notably, multiple market analysts now predict XRP could finish 2025 above $3.50, with potential to reach $5 by 2026 if institutional inflows sustain momentum.

The XRP/USD chart displays an Elliott Wave analysis projecting a dramatic bullish scenario.

The chart shows that XRP has completed a five-wave impulse structure from 2013 to 2018 (Wave 1), followed by a prolonged corrective Wave 2 that bottomed around 2023.

The analysis indicates XRP is now in the early stages of Wave 3, historically the most powerful impulse wave.

The projection shows a potential rally toward the $5-6 range, representing over 150% gain from current levels around $2.40

Key Fibonacci extension levels are marked, with the 0.786 extension around $2.20 (already achieved) and the 1.00 extension NEAR $3.5 serving as the next target before the 1.618 extension near $5.5.