$XRP is reported to become the first crypto asset besides $BTC / $ETH that enters the spot ETF in the US through Canary Funds (โCanary XRP Trustโ) on Nasdaq, Inc., with the potential ticker โXRPCโ.
Institutional expectations are high: articles state that the ETF launch could attract significant โinflowsโ from investment advisors who previously avoided direct crypto.
Impact on price: XRP is said to have risen more than +12 % in 24 hours due to the ETF news, reaching ~$2.58 before dropping to around ~$2.40.
โ ๏ธ Risk notes & emerging effects
Although the ETF has been โdeclaredโ, not all technical production details are active yet: there is still a โlisting noticeโ from Nasdaq as the final signal.
โBuy the rumor, sell the newsโ โ Some articles note that XRP's price began to weaken due to profit-taking from traders who entered quickly ahead of the ETF.
Technically: XRP faces strong resistance in the range of ~$2.50-2.60 and important support at ~$2.35-2.20. If institutional momentum fails to materialize as hoped, prices could stagnate or even drop.
๐ฏ Conclusion
This is one of the potentially big moments for XRP as the spot ETF opens institutional access, meaning a โlarge highway capacityโ to the market could open.
But: significant momentum often comes with high volatility. If many people โjump on the bandwagonโ before the release, there could be a correction soon after.
If you are trading: this could be a moment to observe carefully, perhaps take some positions (profit-taking) or set stop-loss if you have already entered.
If you are a long-term investor: the ETF may strengthen XRP's use case, but do not put all your eggs in one crypto basket. #USGovShutdownEnd?
If we look at retail demand it also slows down after $BTC break $100k, and currently it's just consolidating. Retail is not FOMO but also not panic selling.
With Trump announcing dividend tariff payments to the US public, there might be retail demand returning again.
We have to be open-minded, although this is slightly different from my thesis because in my opinion, the stimulus check at this time is also likely not being used to buy $BTC because the situation in the US is different.
What drives the economy is HNWI, not ordinary people. Why? Well, it goes back to the impact on the economy, unemployment is quite high in the US, so for the average person there is quite a struggle.
@Plasma is becoming a hidden gem that is increasingly in the spotlight. Its ecosystem is slow but solid, the community is quiet but active. $XPL could be one of the narratives that rises if the market shifts to real utility. Let's see who is patient. #Plasma
@Plasma is becoming a hidden gem that is increasingly in the spotlight. Its ecosystem is slow but solid, the community is not noisy but active. $XPL could be one of the narratives that rise if the market shifts to real utility. Let's see who is patient. #Plasma
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