1. Massive Inflows and Record Activity

• XRPC attracted $245 million in net inflows on its first day.
• This surpassed all existing spot Bitcoin ETFs, including BlackRock’s IBIT ($111.7M) and Bitwise BITB ($237.9M).
• Day-one trading volume reached $59 million, the highest first-day volume among over 900 ETF launches in 2025.
• Early surge: $26 million traded in the first 30 minutes, beating analyst expectations.

2. XRP Price Reaction

• Surprisingly, XRP’s price fell 8% in 24 hours, dropping to a low of $2.28 before stabilizing near $2.30.
• Increased trading activity: volume rose 40%, showing strong market participation despite the price decline.
• Futures cooled: total open interest dropped to $3.71 billion across CME and Binance.

3. Market Context

• The drop occurred amid broader market weakness, affecting altcoins like Solana, which fell 8% to $143.56.
• Profit-taking and bearish sentiment overshadowed the ETF’s debut impact on the token’s price.

4. Critical Support Levels

• $2.00 is identified as a key psychological and technical support zone.
• If XRP holds above $2.00, a rebound is possible.
• Breakdown below $2.00 could trigger further downside.