- XRP worth rose amid information that Purpose Investments is ready to launch a spot XRP spot exchange-traded fund.
- The Purpose XRP ETF is ready to launch on the Toronto Inventory Alternate on June 18, 2025.
- XRP is amongst a number of altcoins awaiting spot ETF approval in the US.
XRP worth surged by practically 7% as cryptocurrencies mirrored a bounce on Wall Road amid investor confidence in a possible Israel-Iran peace deal.
Whereas this is among the primary drivers of XRP worth edging increased alongside Bitcoin and high altcoins, there was a slight soar as Canada-based asset supervisor Purpose Investments introduced the upcoming launch of its XRP spot exchange-traded fund.
XRP was up amid a spike in each day quantity, which had seen a 110% enhance to over $3.45 billion.
Purpose XRP ETF set for launch
On Monday, June 16, 2025, Purpose Investments mentioned in a press launch that it had secured approval to launch the Purpose XRP ETF.
The ultimate prospectus receipt from Canadian regulators means Purpose can now launch its spot XRP ETF on the Toronto Inventory Alternate.
In keeping with Purpose, the ETF goes reside on the inventory trade on June 18 underneath the ticker XRPP.
“The OSC’s granting of a receipt for the Purpose XRP ETF prospectus reinforces Canada’s global leadership in building a regulated digital asset ecosystem,” Vlad Tasevski, chief innovation officer at Purpose Investments, mentioned. “We’re proud to continue pushing the boundaries of what’s possible in the space by offering investors simple, secure access to the infrastructure powering real-world blockchain adoption.”
XRP ETF launching in Canada is a milestone forward of a possible approval in the US.
After receiving quite a few purposes, the SEC is approaching deadlines for Ripple’s token. Odds are additionally excessive for Solana, Litecoin, and others.
Analysts say the launch of spot crypto ETFs could possibly be one of many catalysts for parabolic worth features.
Is XRP worth set to blow up?
Ripple’s token XRP is among the high altcoin gainers up to now 12 months.
With the regulatory headwinds that bogged bulls down amid an SEC vs. Ripple tussle now gone, XRP worth rose to hit highs of $3.30. The yearly peak was simply shy of XRP’s all-time excessive of $3.82 reached in 2018.
When it comes to XRP worth prediction, analysts say the cryptocurrency may explode previous the above peak in 2025.
Community development and different components, together with spot ETF approval within the US, could possibly be huge bullish catalysts.
In keeping with market intelligence and on-chain knowledge platform Santiment, the XRP community has surged in development metrics. It contains lively addresses, whale exercise, and each day transactions.
Santiment famous this on X as XRP worth jumped 7% to commerce round $2.30.
“The amount of interacting $XRP addresses has averaged over 295K per day over the past week. Its normal daily average over the past 3 months was approximately 35-40K. Additionally, there are now over 2,700 whale & shark wallets holding at least 1M $XRP for the first time in the asset’s 12+ year history.”
Knowledge from Coinglass exhibits open curiosity in XRP is up 11.9% to over $4.34 billion.
