XRP Breaks Key Resistance as Nasdaq Approves First U.S. Spot ETF; Volume Jumps 31%

News Overview
XRP surged through major resistance levels on Wednesday after Nasdaq officially certified the first U.S. spot XRP exchange-traded fund (ETF), issued by Canary Capital under the ticker XRPC. The ETF becomes effective immediately, with trading set to begin at the U.S. market open on Thursday, marking a milestone expansion of regulated crypto investment products beyond Bitcoin and Ethereum.

The fund will custody XRP through Gemini Trust Company and BitGo Trust Company, using the CoinDesk XRP CCIXber benchmark for pricing. The product cleared registration through the SEC’s 8(a) automatic-effectiveness process, one of the fastest ETF approvals in recent memory. Analysts expect the launch to spark new institutional inflows similar to those seen in early Bitcoin and Ethereum ETF adoption phases.

On-Chain Dynamics
Ahead of the listing, XRP network activity surged sharply. Over 21,000 new wallets were created within 48 hours — the strongest expansion since March — signaling rising retail and institutional engagement. However, large holders (“whales”) moved roughly 90 million XRP in profit-taking transactions before launch, creating near-term supply pressure amid the broader bullish trend.

Market Performance
XRP advanced 3.28% to $2.48 on Wednesday, outperforming the broader digital asset market by 3.73 percentage points as traders positioned ahead of the ETF debut. The token decisively broke above the $2.45 resistance zone, with trading volume climbing 30.81% above its seven-day average — a clear indication of institutional participation.

During overnight trading, XRP reached an intraday high of $2.52 on 163 million tokens traded, marking 143% above the 24-hour average. Subsequent profit-taking led to consolidation between $2.46 and $2.49, though price action remained well-supported above $2.40, suggesting strong dip-buying demand.

Technical Outlook
The short-term structure remains bullish. XRP continues to form an ascending channel, with intraday lows rising from $2.40 to $2.46. Immediate resistance stands at $2.52, followed by secondary targets near $2.59 and the psychological $2.70 level.

Momentum indicators support the continuation of the uptrend — the RSI remains comfortably below overbought territory, while MACD momentum continues to expand positively. Breakout volume remains a confirming factor, with the 163M-token spike validating renewed institutional interest.

A sustained close above $2.45–$2.47 keeps XRP in bullish alignment heading into the ETF’s first trading session. Conversely, a breakdown below $2.38 could weaken the structure, though support remains strong near the $2.40 handle.