- XRP's price surged nearly 7% following news of Purpose Investments' upcoming spot XRP ETF.
- The Purpose XRP ETF is set to debut on the Toronto Stock Exchange (TSX) on June 18, 2025.
- XRP joins a select group of altcoins awaiting spot ETF approval in the U.S., buoying investor optimism.
XRP’s rally mirrors a broader crypto market rebound, fueled by Wall Street’s positive sentiment amid potential geopolitical stabilization. The Purpose XRP ETF announcement added momentum, with trading volume spiking 110% to $3.45 billion.
Purpose XRP ETF: Key Details
On June 16, 2025, Purpose Investments confirmed regulatory approval for its XRP ETF via a press release. The ETF (ticker: XRPP) will list on TSX, marking Canada’s leadership in regulated crypto products.
"OSC’s approval reinforces Canada’s role in advancing digital asset infrastructure," said Vlad Tasevski, Purpose’s Chief Innovation Officer.
XRP Price Outlook: Bullish Catalysts
- Regulatory Clarity: SEC vs. Ripple resolution removed key uncertainties.
Network Growth:
- Active addresses surged to 295K/day (vs. 35K–40K average).
- Over 2,700 whale wallets hold 1M+ XRP—a historic high (Santiment).
- ETF Momentum: U.S. approval could trigger parabolic gains.
Price Targets:
- $3.82: XRP’s 2018 all-time high (ATH).
- 2025 Projections: Analysts eye ATH breakout, driven by ETF inflows and adoption.
FAQ
Q: What’s driving XRP’s price surge?
A: ETF news, regulatory progress, and broader market optimism.
Q: When does the Purpose XRP ETF launch?
A: June 18, 2025, on TSX under ticker XRPP.
Q: Could XRP hit new highs in 2025?
A: Yes, with ETF approvals and network growth as key catalysts.
Keywords: XRP ETF, Purpose Investments, XRP price prediction, cryptocurrency ETF, Ripple, altcoin rally, TSX listing.
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