The price of XRP has surged following the announcement from Purpose Investments regarding its upcoming XRP spot exchange-traded fund (ETF). This development, coupled with renewed investor confidence on Wall Street, has contributed to a notable uptick in the cryptocurrency market.
XRP Price Climbs with ETF Announcement
- Ripple’s XRP price increased nearly 7% after Purpose Investments announced the launch of its XRP spot ETF.
- The Purpose XRP ETF is set to debut on the Toronto Stock Exchange on June 18, 2025.
- XRP is among several altcoins awaiting approval for spot ETFs in the United States.
Recent market movements reflect a rebound, as XRP’s price spiked almost 7% in response to increasing optimism stemming from potential peace talks between Israel and Iran. Although broader market dynamics influenced this increase, the pivotal moment was Purpose Investments’ announcement of their forthcoming XRP spot ETF.
XRP’s price gain was accompanied by a significant rise in trading volume, exceeding $3.45 billion—a remarkable 110% increase in daily trading activity.
Purpose Investments Set to Launch XRP ETF
On June 16, 2025, Purpose Investments officially announced it had received regulatory approval to launch the Purpose XRP ETF. The final prospectus visa from Canadian regulators paves the way for this new fund to be listed on the Toronto Stock Exchange, under the ticker symbol XRPP.
Vlad Tasevski, Head of Innovation at Purpose Investments, commented, “The granting of a visa for the Purpose XRP ETF prospectus reinforces Canada’s global leadership in establishing a regulated digital asset ecosystem. We are proud to continue pushing the boundaries of what is possible by providing investors with a simple and secure access to the infrastructure that drives blockchain adoption in the real world.”
The launch of this XRP ETF in Canada marks a crucial milestone, anticipated as a precursor to potential spot ETF approvals in the U.S. The SEC has been incrementally moving towards decisions on numerous token applications, including those for Ripple, Solana, and Litecoin.
Industry analysts believe that the introduction of spot crypto ETFs could serve as significant catalysts for notable price gains in these assets.
Is XRP Primed for Further Gains?
As one of the top-performing altcoins over the past year, XRP has demonstrated formidable resilience. Regulatory headwinds that previously hampered bullish sentiment amid the SEC’s ongoing litigation against Ripple have lessened, allowing XRP’s price to reach highs of $3.30—just shy of its all-time high of $3.82, recorded in 2018.
Price forecasts suggest that XRP could potentially break above its previous highs in 2025. Analysts point to network growth and broader acceptance of spot ETFs in the U.S. as significant bullish signals that could drive prices higher.
According to market intelligence platform Santiment, XRP has experienced notable growth in network activity, evidenced by increases in active addresses, whale transactions, and daily trades. On social media platform X, it was noted that interactions among $XRP addresses surged, averaging over 295,000 per day in the past week—compared to a typical range of 35,000 to 40,000 over the previous three months.
Additionally, there are now over 2,700 whale and shark wallets containing at least 1 million $XRP, marking the highest count in over 12 years of the asset’s history. Data from Coinglass indicates a rise in open interest for XRP, climbing 11.9% to surpass $4.34 billion.
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