XRP News Today: XRP Price Up 2.33% on ETF Expectations

Key TakeawaysXRP price rises 2.33% in 24 hours, outpacing the crypto market’s 1.29% declineNasdaq certifies Canary’s spot XRP ETF (XRPC)Macro relief from the U.S. government reopening fails to boost broader crypto marketXRP ETF Approval Fuels Market OptimismXRP price advanced 2.33% over the past 24 hours, outperforming the wider crypto market’s decline of 1.29%. The rally came as Nasdaq certified Canary Capital’s Spot XRP ETF (XRPC) for trading. The ETF will be launched as the U.S. market opens today, and it positions XRP alongside established crypto assets such as Bitcoin and Ethereum in the regulated ETF landscape, offering investors simplified exposure and raising its profile among mainstream investment instruments.Early projections from Canary Capital suggest potential $5 billion+ inflows within weeks. On-chain data also shows 90 million XRP transferred by large holders ahead of launch, signaling strong accumulation sentiment. Technical Indicators Suggest Recovering MomentumXRP is currently trading at $2.47, maintaining strength above its $2.20 support zone.What the technical indicators show:Relative Strength Index (RSI 14) sits at 52.26, showing neutral momentum.Momentum (10) and MACD Level (12,26) show positive readings of 0.19771 and −0.04285, suggesting upward pressure may be building.Source: TradingViewThe Exponential Moving Average (200) stands near $2.58, closely aligning with the key resistance range of $2.63–$2.70.If XRP holds above the $2.38 pivot, it could extend toward $2.70, though traders should note potential profit-taking pressure near long-term resistance. Macro: Relief from U.S. Government Reopening Not Translating to Wider Crypto GainsDespite easing macro uncertainty after the U.S. government shutdown resolution, the broader crypto market has registered a 1.29% decline. Bitcoin has also failed to recover despite the positive macro factors, registering a decline of 1.80%. Data also shows that spot Bitcoin ETFs in the U.S. recorded only three inflows in the last 10 days. Bitcoin ETFs sold BTC worth $278.1 million on Wednesday, and the largest Bitcoin ETF, BlackRock’s IBIT, recorded $36.9 million in outflows. XRP Outlook: Key Levels and Market ConfidenceAs XRPC ETF trading begins, investors will closely watch its first-day volume, particularly whether it surpasses $500 million, a signal of sustained institutional interest.On the technical front, holding above $2.20 remains crucial to maintaining market confidence, while a decisive move beyond $2.63 could mark a renewed bullish momentum phase for XRP.