XRP Makes History: North America’s First Spot ETF Approved in Canada

In a landmark decision for the cryptocurrency industry, Canadian regulator the Ontario Securities Commission has granted final approval for North America's first spot XRP exchange-traded fund (ETF). Purpose Investments will launch the groundbreaking financial product on the Toronto Stock Exchange this week, offering investors three trading options: XRPP (CAD-hedged), XRPP.B (CAD non-hedged), and XRPP.U (USD). This development marks a significant milestone for XRP, currently ranked as the fourth-largest cryptocurrency by market capitalization, as it bridges the gap between traditional finance and digital assets. The ETF provides conventional investment account holders with direct exposure to XRP's price movements without the complexities of managing crypto wallets or dealing with exchanges. This regulatory approval comes at a crucial time for the digital asset space, potentially paving the way for similar products in other jurisdictions. Market analysts suggest this could lead to increased institutional interest in XRP and potentially influence its price trajectory. The move also demonstrates Canada's progressive stance on cryptocurrency regulation, following its earlier approvals for Bitcoin and Ethereum ETFs. As of June 2025, this development positions XRP as one of the most accessible cryptocurrencies for mainstream investors through regulated financial products, potentially boosting its adoption and liquidity in global markets.

Canadian Regulator Approves Spot XRP ETF Launch, Marking North American First

Purpose Investments is set to debut North America's first spot XRP exchange-traded fund on the Toronto Stock Exchange this week. The Ontario Securities Commission granted final approval for the fund, which will trade under tickers XRPP (CAD-hedged), XRPP.B (CAD non-hedged), and XRPP.U (USD).

The ETF provides traditional investment account holders with direct exposure to XRP, currently the fourth-largest cryptocurrency by market capitalization. Purpose Investments initially filed for the product in January, positioning itself to become the world's first XRP ETF issuer.

Vlad Tasevski, Purpose's Chief Innovation Officer, framed the approval as evidence of Canada's leadership in regulated crypto access. The launch comes amid growing institutional interest in XRP, though US regulators have yet to approve a similar product.

XRP Ledger Sees Unprecedented 800% Surge in User Activity Amid Whale Accumulation

The XRP Ledger is experiencing one of its most active weeks in 12 years, with daily address activity soaring over 800%. Santiment data shows unique interacting wallets jumped from a typical 35,000-40,000 range to 295,000 daily—a spike that stands out even in bullish market conditions.

High-value wallets are driving the momentum. Holdings of 1 million+ XRP reached a record 2,708 addresses, representing over $2.25 million per wallet at current prices. The simultaneous rise in retail and whale activity suggests coordinated accumulation rather than staggered participation—a rare pattern in XRP's history.

This dual-tiered demand surge coincides with the ledger's growing utility, signaling potential for sustained network growth. Market observers note such organic adoption metrics often precede price breakouts, though volatility remains likely in the short term.

XRP Rich List: Thresholds for Top Holders Revealed

Owning just 2,480 XRP now places investors in the top 10% of holders, according to analyst Edo Farina's breakdown of wallet distribution. The entry point for the elite 1% stands at 50,000 tokens—a figure that has decreased as market dynamics evolve.

Institutional dominance becomes apparent at the highest tiers. Only 657 wallets contain more than 5 million XRP, representing exchanges, Ripple-affiliated addresses, and major institutions. Farina notes that multiple wallet usage distorts individual holder counts—his personal 20-25 wallets illustrate common practices for security and staking.

At current valuations, a $10 xrp price would yield $24,000 for top 10% holders. "Patience is key," Farina emphasizes, acknowledging such returns remain modest against life-changing wealth thresholds.

XRP Jumps as Bulls Push Through Key Resistance Levels

XRP surged 3.6% in the past 24 hours, peaking at $2.33 before stabilizing NEAR $2.25 as traders capitalized on market volatility. The token broke through resistance at $2.21 and established new support at $2.29, demonstrating renewed bullish momentum despite a brief retreat to $2.23.

Trade tensions between the U.S. and China continue to unsettle risk assets, yet XRP has outperformed many peers, underscoring confidence in its cross-border settlement utility. Diverging central bank policies have fueled rotation into digital assets, with XRP benefiting from heightened trading volume during major monetary announcements.

Speculation about a potential spot XRP ETF, combined with large block trades on major exchanges, suggests institutional accumulation ahead of regulatory catalysts. Price action saw a 7.5% range between $2.177 and $2.338, driven by concentrated buying between 11:00–16:00 UTC that propelled the breakout above $2.21.

XRP Poised for 500% Surge to $14 as Historical Pattern Emerges, Analyst Claims

XRP appears primed for a significant breakout after months of sideways trading, with crypto analyst Mikybull Crypto drawing parallels to its 2017 rally. Chart analysis suggests a potential 500% surge could propel the token to $14, mirroring the 1,300% explosion seen seven years ago.

The technical setup coincides with a critical phase in Ripple's legal battle against the SEC. Market participants are watching the August 15 deadline for a potential settlement approval, which could serve as the catalyst for XRP's next major move. The token currently trades around $2.19, leaving substantial upside if historical patterns repeat.

XRP Price Gearing Up to Hit $5 as Ripple-SEC Lawsuit Inches Closer to Resolution

Ripple Labs and the U.S. SEC have jointly filed a motion to revise the court's earlier judgment, proposing a reduction in Ripple's financial penalty from $125 million to $50 million. The motion also seeks to return $75 million in escrowed funds and lift the injunction on institutional XRP sales, a key regulatory hurdle.

XRP's price has shown bullish momentum, trading around $2.2 following news of the potential settlement. Analysts project a price range of $1.5 to $3 if legal clarity is achieved, with some technical forecasts targeting $4.5 based on breakout patterns and historical resistance levels.

The token's price action suggests the beginning of a broader rally, with upward pressure observed over recent weeks. Market sentiment has turned notably bullish as the legal showdown nears resolution.