Overview
- Canary Capital’s XRPC spot XRP ETF launched in the U.S. with roughly $58 million in first‑day trading and about $250 million in early assets, according to market data and analysts.
- XRP fell from about $2.31 to near $2.22 and briefly hit $2.155, with traders watching resistance around $2.45–$2.48 and support near $2.07–$2.22.
- On‑chain data flagged nearly 200 million XRP leaving whale wallets in 48 hours, 716 transfers over $1 million, and large moves to exchanges including a 96 million XRP transfer to Coinbase.
- Spot activity spiked, including a reported 2,490% surge in flows, as 24‑hour exchange outflows of $247 million were nearly offset by $261 million in inflows.
- Derivatives showed strain with roughly $28 million in XRP liquidations dominated by longs, while Glassnode data indicated short‑term holders accumulated as long‑term holders sold heavily.