The launch of the REX-Osprey XRP ETF (XRPR) has made a significant impact in the financial landscape, achieving an impressive first-day trading volume of $37.7 million. This remarkable debut has positioned it as the most successful exchange-traded fund launch of 2025 thus far. Notably, within the first 90 minutes of trading, the ETF had already accumulated $24 million in volume, catching many seasoned analysts off guard.
Eric Balchunas from Bloomberg characterized the performance as “remarkable,” pointing out that most newly launched ETFs typically struggle to exceed $1 million in trading volume on their initial day. His commentary highlighted the exceptional nature of this debut, further supported by other analysts expressing surprise at the strong trading activity.
However, despite the ETF’s successful launch, the price of XRP itself has shown little movement. Recently, it has hovered around the $3 support level. Initially, XRP made a brief rally of 4% to approximately $3.10 but retraced those gains quickly.
This discrepancy between the excitement of the ETF launch and XRP’s static price has sparked discussions among analysts. Trading in XRP futures surged by over 120%, with open interest reaching $8.94 billion, indicating heightened institutional interest. Yet, the spot market appears more hesitant, as evidenced by a 13% decrease in trading volume over the last 24 hours and a slight decline in XRP’s price during the same period.
Despite this mixed sentiment, some analysts remain optimistic. Zenia, a notable market analyst, forecasted bullish potential for XRP, suggesting that the ETF’s debut could provide “structural support” that might drive the price toward $5 in the near term. More long-term aspirations include predictions of reaching as high as $15, contingent upon the ongoing momentum and new partnerships with prominent financial institutions.
Price analysis indicates that XRP is currently stabilizing at around $3.04, testing critical support levels. The recent dip from $3.14 signals a cautious approach among buyers, although the asset remains within a rising parallel channel, suggesting a persistent bullish inclination. Should XRP manage to bounce back, targets of $3.20 to $3.25 could be in sight, with a potential breakout possibly leading to the bullish $5 target identified by analysts.
Conversely, failure to maintain support in the $3.00 to $2.99 range may result in a downward shift, potentially dragging the price toward $2.85, where buying interest could re-emerge. As momentum indicators show signs of cooling, the coming sessions will be vital for determining XRP’s short-term direction.
In conclusion, while the REX-Osprey XRP ETF has generated substantial trading activity and enthusiasm, the correlated movement of XRP’s price remains cautious, suggesting a complex interplay between market excitement and underlying asset performance.
