Breaking: Canary Capital’s Spot XRP ETF Goes Live on Robinhood
Canary Capital's Spot XRP ETF, known as XRPC, is now live on Robinhood, offering direct exposure to XRP, the native token of the XRP Ledger designed for global payments. This marks a significant step for XRP adoption, as it becomes one of the few single-asset cryptocurrency ETFs in the U.S. alongside Bitcoin, Ethereum, Solana, and HBAR. The ETF launch is considered pivotal for institutional interest in XRP. Currently, XRP is trading at $2.45, with analysts suggesting a potential bullish setup and a need for a breakout above $2.69–$2.84 for significant upward movement.
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The Anticipated Launch of Canary Capital's XRP ETF
The long-awaited moment for the XRP community has finally arrived. Canary Capital’s Spot XRP ETF, known as XRPC, is now officially listed on Robinhood. Trading is set to begin at 9:30 AM ET (6:30 AM PT), marking a significant milestone for the cryptocurrency market.
What the XRPC ETF Offers
Ahead of the launch, Canary Capital revealed key details about the XRPC ETF via social media. The ETF offers direct exposure to XRP, the native token of the XRP Ledger. This network is renowned for its fast and low-cost global payment systems.
Canary Capital mentioned that the ETF is designed to:
- Reflect network performance across payment and liquidity protocols.
- Highlight XRP's established role in cross-border value transfer.
The company emphasized that the XRP Ledger provides scalability, interoperability, and is a leading framework for global payments.
A Landmark Event for XRP and Cryptocurrencies
The launch of XRPC follows months of anticipation within the cryptocurrency space. With this move, XRP joins other leading cryptocurrencies, such as Bitcoin, HBAR, Ethereum, and Solana, as single-asset cryptocurrencies to receive an ETF in the United States.
Additionally, more XRP ETFs are expected in the future, with firms like Bitwise, Franklin Templeton, and 21Shares reportedly preparing their filings.
Experts believe this development could be a turning point for XRP adoption, especially among institutional investors seeking regulated exposure to digital assets.
XRP Price Performance
At the time of writing, XRP is trading at $2.45 and has recently slipped into the red zone. However, according to one analyst, XRP is forming a potential bullish setup.
Key insights:
- Support levels range between $1.75 and $2.17.
- For a breakout, XRP must achieve a strong move above the $2.69–$2.84 range.
These levels could reflect future price action and potential market sentiment shifts.