First US XRP ETF Breaks 2025 Records — But Why Isn’t XRP Pumping?

Andrew Chen
XRP

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  • XRPR ETF records $37.7M on day one, fastest ETF launch of 2025.
  • XRP price struggles near $3 despite institutional surge.
  • Technical setup suggests potential move to $3.50–$5 if support holds.

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The REX-Osprey XRP ETF (XRPR) kicked off 2025 with a bang, racking up $37.7 million in trading volume on its first day. Within 90 minutes, $24 million had already changed hands, setting a new benchmark for ETF launches this year. While analysts hail the debut as “remarkable,” the XRP token itself has struggled to maintain momentum, highlighting a curious disconnect between institutional enthusiasm and spot market performance.

ETF Launch Sets New Records

Bloomberg analyst Eric Balchunas called XRPR’s debut “remarkable,” noting that most new ETFs rarely surpass $1 million in first-day volume. The swift trading surge has attracted significant attention from institutional investors. XRP futures trading surged more than 140%, with open interest rising to $8.94 billion, underscoring growing market confidence in XRP-linked financial products.

Spot Market Hesitation

Despite the ETF excitement, XRP’s spot price failed to sustain early gains. After briefly rallying 4% to test resistance near $3.10, the token quickly retreated to around $3.00. CoinMarketCap data shows a 13% decline in 24-hour trading volume, with XRP down roughly 1% over the same period. Analysts point to this gap as a normal reaction when institutional and retail market activity diverge.

Also Read: First U.S. Dogecoin and XRP ETFs Launch, Marking Altcoin Milestone

Technical Outlook for XRP

Chart analysis shows the coin holding steady at $3.04, near the middle Bollinger Band. The token remains in a rising parallel channel, suggesting a bullish structure despite recent pullbacks. If support holds at $3.00–$2.99, XRP could test upper channel resistance between $3.20–$3.25, with a potential breakout toward $3.50 and even $5 in the near term. Conversely, a drop below $2.99 might see the token retest $2.85, where stronger demand historically appears.

XRPR’s record-breaking launch demonstrates strong institutional interest in XRP, yet the token’s short-term momentum is muted. Investors will be closely watching whether XRP can leverage ETF-driven support to ignite a broader rally. The next few trading sessions may be decisive in determining whether XRP can translate ETF excitement into sustained price gains.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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