Spot Ripple ETF is launching tomorrow in Canada, what does this mean for XRP?

XRP investors can indulge themselves, on June 18 the first Spot XRP Exchange Traded Fund (ETF) launched in North America. The Canadian asset manager Purpose Investments brings the fund to the stock exchange, and on the Toronto Stock Exchange. Thanks to the approval of the Ontario Securities Commission (OSC), the road is now free for direct access to XRP via a regulated investment product.

That is good news for those who want to invest in XRP without purchasing a crypto themselves or managing wallets. The fund immediately follows the Price of XRPwithout the intervention of complex derivatives. There are already XRP ETFS in the United States at the moment, but these are derivatives products and therefore not real spot funds. The spot ETFS are essential for institutional adoption because investments in these funds actually ensure that XRP is bought, which can have a bullish impact on the price of the Altcoin.

Can we now expect an American XRP ETF?

Now that the Canadian XRP ETF has been accepted, the XRP community has set its sights on a fund on the American stock exchange. Major players such as Franklin Templeton and Bitwise have submitted requests to the American Securities and Exchange Commission (SEC). According to analysts from Bloomberg, approval could be in the fourth quarter of 2025.

XRP price is hardly rising

The XRP race had to give up considerable site. The currency managed to fall in value by no less than 6.5% in the last 24 hours. This is particularly due to an overall decrease in the cryptocurrency market. The entire crypto market fell by 4.2% in value over the last 24 hours, and altcoins such as Solana (SOL) and Dogecoin (DOGE) Even fell by 7% and 6.9% respectively.

Technical analysts suggest That the XRP course can still experience some resistance in the short term. This is mainly because the coin has difficulty breaking through the $ 2.25 limit. If it is possible to transcend this price limit, we may be able to expect a Bull Rally, possibly up to a limit of $ 3.12 (which would amount to an increase of no less than 40% compared to the current rate). Factors such as the arrival of the Canadian spot ETF and an expected end of the long -term lawsuit between the SEC and Ripple can play a positive role in this.