XRP Price Prediction: XRPR ETF First Day Volume of $37.7 Million, Approval of Spot ETF Will Hit New Highs

The first ETF in the U.S. to provide investors with Spot exposure to XRP—REX-Osprey XRP ETF (ticker: XRPR)—was heavily listed on Thursday, September 18, with its volume exceeding expectations, overshadowing the DOGE ETF that was listed at the same time. The surge in XRPR's volume indicates a significant institutional demand in the market, and its successful debut also paves the way for the upcoming approval of a pure XRP Spot ETF, signaling that the XRP Token is about to enter a critical turning point.

Volume Surge: Market Demand Exceeds Expectations

According to data from the Bloomberg Intelligence ETF analyst team, the REX-Osprey XRP ETF reached a volume of $24 million within the first 90 minutes of its listing, while the REX-O(3)sprey DOGE ETF had a volume of only $6 million.

Senior ETF analyst Eric Balchunas commented: "The volume of REX-Osprey ETF (XRPR) has reached $24 million, which greatly exceeds my expectations. For reference, this is already 5 times the first-day trading volume of any XRP futures ETF, and it's only been 90 minutes."

Balchunas described the $6 million volume of the DOGE ETF as "incredibly solid," noting that most ETFs typically have a volume of less than $1 million on their first day of trading. Although the DOGE ETF launched on the same day as the XRP ETF, it failed to overshadow it, suggesting that a potential pure XRP Spot ETF could attract considerable inflows.

Why is volume important?

Traders typically use volume to assess institutional demand, and the trading volume of the XRP ETF indicates that spot ETF demand has exceeded expectations. The surge in volume in the first 90 minutes reflects a significant pent-up demand from institutional investors waiting for regulated products to gain exposure to XRP. This spike also provides market recognition for the REX-O(6)sprey XRP ETF.

Eric Balchunas shared highlights from the first trading day: "The first day trading volume of XRPR was $37.7 million, surpassing IVES, making it the (naturally) highest volume product among all newly listed ETFs in 2025."

The Era of Altcoin Spot ETF has Arrived

The cryptocurrency ETF officially opened its doors to investors on Thursday, September 18. The SEC approved the launch of the Grayscale Digital Large Cap Fund (GDLC) and the Bitwise 10 Crypto Index Fund (BITW). These approvals mark the beginning of the altcoin Spot ETF era, opening the market to institutional investors. The previous SEC rule changes mean that "commodity-based trust shares" can be listed and traded under a standardized framework without undergoing the usual SEC review process, which can take up to 240 days.

XRP Spot ETF Countdown

Currently, there are seven XRP Spot ETF applications awaiting review by the SEC. The final decision deadlines for 21Shares, Bitwise, Canary Capital, CoinShares, Grayscale, and WisdomTree are between October 18 and 25. Meanwhile, the final deadline for Franklin Templeton is November 14. Since the SEC has already approved the general listing standards for exchanges, the SEC may approve the XRP Spot ETF before the upcoming final deadlines. Considering the trading volume of the REX-Osprey XRP ETF in the first 90 minutes, institutional demand may exceed market expectations.

Market and Technical Analysis: Resistance level at $3.2, will reach $3.66

Due to profit-taking, XRP fell by 0.3% on Thursday, September 18, partially offsetting the previous day's gain of 1.53%, closing at $3.0747. The token underperformed the market (+0.44%), but closed above the psychological level of $3 for the third consecutive trading day.

Traders are paying attention to the following technical levels:

· Support levels: 3 dollars, 2.8 dollars, and 2.5 dollars.

· Resistance levels: $3.2, $3.335, and the historical high of $3.66.

In the short term, several key events may drive price movements:

· The fund flow of BITW, GDLC, and XRPR.

· Spot ETF: Approval or delay of the XRP Spot ETF application. BlackRock's iShares XRP Trust application may boost market sentiment.

· Blue-chip companies position XRP as a treasury reserve asset.

· Regulatory milestones: Ripple's application for a U.S. chartered bank license, progress related to market structure legislation, and news related to the SWIFT system may further impact market demand.

Bullish and Bearish Scenarios

The future direction of XRP depends on whether institutional capital inflows and regulatory approvals can align, or whether there is strong resistance.

bearish scenario

· The inflow of funds into BITW, GDLC, and XRPR is weak.

· SEC rejects XRP Spot ETF application.

· Legislation encounters obstacles, the market structure bill is delayed, or crypto-friendly regulation is hindered.

· Blue-chip companies avoid using XRP as a treasury reserve asset.

· OCC delays or denies Ripple's US chartered banking license.

· SWIFT maintains its dominant position in the global remittance field, restricting Ripple's market access.

· These bearish events could push XRP below $3, exposing the support level at $2.8. If this support level is breached, $2.5 will be the next key support level.

Bullish Scenario

· The capital inflow for BITW, GDLC, and XRPR is strong.

· BlackRock submitted an application for the iShares XRP Trust, and the SEC approved the XRP Spot ETF.

· Blue chip companies adopt XRP as treasury reserve assets, more payment platforms integrate Ripple technology.

· Ripple has obtained a chartered bank license in the United States, and the Senate has passed the market structure bill.

· SWIFT's share of the global remittance market has been taken by Ripple.

· These events could push XRP to $3.2. If it can consistently break through $3.2, it may pave the way to reach $3.335. Breaking through $3.335 could then touch the historical high of $3.66.

Conclusion

XRP is at a critical turning point. The next few weeks will determine whether the approval of the ETF and regulatory breakthroughs can send it to new highs, or if setbacks can drag it below $3.