The institutional floodgates are about to swing wide open! The historic XRP ETF launch is now confirmed for this Thursday, November 13, after Canary Funds submitted its final filing with the SEC.
It’s Official: XRP ETF Launch Confirmed for This Thursday
According to journalist Eleanor Terrett, the filing becomes effective at 5:30 PM ET on Wednesday, with trading set to begin Thursday morning on Nasdaq under the ticker “XRPC.” This isn’t just another product; it’s the first “pure-play” spot XRP ETF filed under the Securities Act of 1933, meaning it will hold 100% XRP—a direct, unadulterated bet on the digital asset that sets a powerful new precedent.
Why This XRP ETF Launch is a Game-Changer
This XRP ETF launch is fundamentally different from what came before. It’s often compared to the REX Osprey XRP ETF, but that fund falls under the Investment Company Act of 1940 and is only partially comprised of XRP. Canary’s ETF, by contrast, holds only XRP. This pure-play structure provides institutional investors with the cleanest possible exposure, which is a major reason for the soaring optimism. Canary Capital CEO Steven McClurg is boldly predicting that if the fund sees even $5 billion in inflows during its first month, it could rank among the top 10-20 ETF launches of all time.
Expert Price Predictions: Can XRP Reach $5?
With the XRP ETF launch locked in, analysts are turning intensely bullish on the price outlook. Chart expert Levi Rietveld has identified a classic “cup and handle” pattern on XRP’s chart, a technical formation that projects a surge toward $5 by the end of the year. This would represent a doubling from current prices. While veteran trader EGRAG Crypto advises patience during the current consolidation, the technical setup, combined with the ETF catalyst, creates a compelling case for a significant re-rating. The key support zone to watch is $2.35-$2.38; holding this level is critical for the bullish narrative to play out.
The Current Challenge: Liquidity Rotation and the Path Forward
Despite the bullish catalysts, XRP faces a short-term headwind: a massive liquidity rotation into AI tokens and meme coins, which are offering higher volatility and returns. This has left XRP trading range-bound around $2.40 with subdued on-chain activity. For the XRP ETF launch to trigger the anticipated explosion, it needs to reverse this trend and pull capital back into large-cap altcoins. A break above $2.50 could ignite the next leg up toward $2.70, while a failure to hold support risks a dip back to $2.20.
My Thoughts
This is the most significant development for XRP since its legal clarity with the SEC. The XRP ETF launch provides a regulatory seal of approval and a direct pipeline for institutional capital that has been waiting on the sidelines. I believe the initial inflows will be massive, potentially shocking the market. While short-term price action is battling narrative-driven rotations, the long-term impact of this ETF cannot be overstated. It fundamentally changes XRP’s investment profile forever.
