XRP is the native token of the XRP Ledger, and the cryptocurrency used by the Ripple payment network. 

It's built for enterprise use on a global scale and helps power cost-efficient cross-border payments.

Canary Capital's XRPC, the first U.S. spot exchange-traded fund (ETF) tied to payments-focused token XRP, marked an impressive debut Thursday with $58 million in trading volume — the highest for any ETF launched this year across more than 900 fund launches, according to Bloomberg's ETF analyst Eric Balchunas.

Canary's XRP ETF Tops 2025 Debuts with $58M Day-One Volume

Bitcoin

Ethereum

Solana

These diverging trends reflect risks unique to digital assets, as mounting concerns over government stability propel precious metals higher, highlighting a strengthening investor confidence in traditional safe havens.

Why Bitcoin, XRP, Solana, and Ether Slide as Gold and Silver Soar?

Canary's XRP fund opened with record activity for the year despite a broader market pullback that has weighed on crypto prices.

XRP ETF Posts Year's Strongest Debut With $58 Million in First-Day Trading

Dogecoin

Leading cryptocurrencies declined alongside stocks on Wednesday, as the six-week data blackout shrouds the Federal Reserve's outlook for December. Cryptocurrency Gains +/- Price (Recorded at 8:25 p.m.

Bitcoin, Ethereum, Dogecoin, XRP Plunge Amid Fading Fed Rate Cut Hopes: As BTC Stays Below $100,000, Analyst Says 'It's Not Great'

The XRP ETF's record first-day volume, the strongest of any launch this year, signaled accelerating demand for real-world settlement assets as expanding institutional interest and surging adoption trends positioned cross-border payment technologies for market momentum.

Canary XRP ETF Rockets to Top Spot With First-Day Activity Beating Solana ETF Debut

The previous high for 2025 launches was held by Bitwise's Solana ETF, which did about $57 million in day-one volume.

Canary's spot XRP ETF generates $58 million in day-one trading volume surpassing Bitwise's SOL ETF launch total

Cardano

XRP (CRYPTO: XRP) and Cardano (CRYPTO: ADA) are down 2% and 4%, respectively, on Thursday as both cryptocurrencies approached key breakdown levels inside long-running bearish structures. XRP Faces Pressure As Triangle Structure Weakens XRP Price Analysis (Source: TradingView) XRP continues to sit inside a symmetrical triangle, but its latest rejection at the cluster of moving averages between $2.41 and $2.63 shows the pattern losing stability.

XRP And ADA Drop Another 2% — Two Charts With One Brutal Message

Social sentiment around the majors has deteriorated sharply in recent days, according to Santiment, with traders turning noticeably defensive as prices continue to grind lower.

Retail Mood Sours Amid Crypto Selloff, Flashing Short-Term Bottom Signals for BTC, ETH, XRP

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: Canary Capital launches spot XRP ETF, JPMorgan sees bitcoin support at $94K, Polymarket quietly relaunches in US, and more

The Canary XRP fund appears on track to notch the year's hottest start for any ETF, already beating estimates in just 30 minutes of trading.

Canary's XRP ETF Off to Hot Start, Has 'Good Shot' of Breaking Record: Analyst

The expansion gives XRP holders access to BNB Chain DeFi, allowing them to earn additional yield on top of mXRP's base strategy returns.

mXRP, a yield-bearing tokenized XRP product, expands to BNB Chain via Lista DAO

Canary Capital's XRP (CRYPTO: XRP) ETF has surprised analysts's expectations by outperforming a recent Solana (CRYPTO: SOL) ETF launch in trading volume, signaling persistent interest for the altcoin. Cryptocurrency Ticker Price Market Cap 7-Day Trend XRP (CRYPTO: XRP) $2.42 $146.02 billion +8.7% Bitcoin (CRYPTO: BTC) $100,893.47 $2.01 trillion -0.6% Ethereum (CRYPTO: ETH) $3,375.81 $407.3 billion +2.

First XRP ETF Turns Over $26 Million In 30 Minutes—And XRP Surges 3%

Canary Capital has brought to market the first exchange-traded fund (ETF) offering spot exposure to XRP, expanding the crypto ETF landscape beyond bitcoin BTC$102,353.62, ether ETH$3,426.10 and solana SOL$153.42.

First XRP Spot ETF Opens for Trade With Canary Capital's XRPC

Ripple Labs made a monumental announcement, committing a massive $4 billion investment to expand its financial infrastructure.

Ripple Commits $4 Billion to Build Crypto's Bridge to Wall Street

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CoinDesk 20 Performance Update: Ripple (XRP) Gains 5.1% As Nearly All Assets Rise

With a spot ETF launching amid institutional demand, XRP faces a pivotal month—though its price remains tied to broader market sentiment.

Three Catalysts That Could Boost XRP This Month

Bitcoin is trading around $103,000 on early Thursday even as the Crypto Fear and Greed Index fell deeper into fear at 25. $581.83 million in positions were liquidated, impacting more than 146,022 traders.

Bitcoin At $103,000, Ethereum, Dogecoin Slip 2% But XRP Shows Strength

In a market characterized by choppy price action and uncertainty, large traders of major cryptocurrencies are quietly taking divergent paths.

How Bitcoin and XRP Traders Are Positioning Themselves in a Choppy Market Environment

Disclosure & Polices: CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies.

Firm Behind First U.S. Spot XRP ETF Files for MOG Fund

As of 5:30 PM ET, Canary Capital's spot XRP ETF — ticker XRPC — is officially effective after Nasdaq certified the listing, clearing the product for launch at the U.S. market open on Thursday. The approval finalizes the first U.S. exchange-listed XRP fund and marks one of the fastest accelerations through the SEC's 8(a) automatic-effectiveness process.

XRP Moves 3% as Ripple-Linked Token's ETF to Go Live at U.S. Market Open

Leading cryptocurrencies traded flat overnight on Wednesday, while stock futures climbed after the House approved a bill to end the 43-day government shutdown. Cryptocurrency Gains +/- Price (Recorded at 8:35 p.m.

Bitcoin, Ethereum, XRP, Dogecoin Range-Bound Even As Longest Government Shutdown Nears End; Analytics Firm 'Bullish' On This Key BTC Metric

Nasdaq's imminent launch of the first pure-play XRP ETF marks a defining moment for digital assets, with the Canary XRP ETF (XRPC) set to elevate XRP into the mainstream, expand institutional participation, and deepen liquidity across regulated U.S. markets.

XRP ETF Era Ignites as Canary's XRPC Enters Final Countdown to Nasdaq

Bitcoin extended losses below $102,000 on Wednesday, as investors shift focus toward traditional assets ahead of the U.S. House vote to end the government shutdown. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $101,744.93 Ethereum (CRYPTO: ETH) $3,445.13 Solana (CRYPTO: SOL) $153.71 XRP (CRYPTO: XRP) $2.34 Dogecoin (CRYPTO: DOGE) $0.1696 Shiba Inu (CRYPTO: SHIB) $0.059628 Notable Statistics: Coinglass data shows 163,808 traders were liquidated in the past 24 hours for $638.01 million.

Bitcoin Slips Below $102,000 As Ethereum, XRP, Dogecoin Drop Over 2%

XRP (CRYPTO: XRP) fell below key moving averages on Wednesday, signaling fading bullish momentum as multiple indicators flashed a strong sell warning. Bears Regain Control Below Key EMAs XRP Price Action (Source: TradingView) XRP trades near $2.53, down from last week's $2.55 rejection at the descending resistance line.

Time To Sell XRP? These 3 Indicators Scream 'Take Profits'

Bitcoin has tapped $105,000 on Wednesday morning, despite the Crypto Fear and Greed Index slipping deeper into the fear zone at 26. $421.6 million in positions have been liquidated in the past 24 hours.

News for XRP Crypto (XRP)