XRP Holds Firm at $3 Ahead of Historic Spot ETF Market Debut

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Key Takeaways:

• REX Shares to launch first US spot XRP ETF under ticker XRPR
  
• ETF includes exposure to XRP, Bitcoin, and Ethereum derivatives
  
• XRP price holds above $3 despite recent whale sell-offs
  
• XRPR ETF may launch alongside Dogecoin ETF this Thursday
  

XRP Price Stable Above $3 as ETF Launch Nears

XRP is maintaining strong price support above the $3 mark despite recent large-scale sell-offs by mid-tier whale wallets. The resilience comes just as REX Shares and Osprey Funds prepare to launch the first-ever US spot XRP exchange-traded fund (ETF) under the ticker XRPR, potentially setting a new precedent in the crypto investment landscape.

According to REX Shares, the ETF will provide exposure to XRP through a combination of assets, including derivatives and swap agreements. Bloomberg analysts expect the fund to go live as early as Thursday, potentially debuting alongside a new Dogecoin ETF.

The announcement arrives amid significant XRP market activity, with large wallet holders offloading over 160 million XRP in the past two weeks. Despite this, XRP has maintained its price above $3, reflecting strong investor interest ahead of the ETF rollout.

REX-Osprey ETF to Track XRP with Broader Crypto Exposure

The REX-Osprey XRP ETF (XRPR) aims to offer indirect exposure to XRP’s spot price. Rather than holding the asset directly, the fund will utilize a mix of swap agreements, derivatives, and other financial instruments tied to XRP. This structure sets it apart from a “pure spot” ETF.

Filed under the Investment Company Act of 1940, the ETF plans to allocate at least 80% of its net assets to XRP and related instruments under normal market conditions. Additionally, it may invest in exchange-traded products that provide exposure to Bitcoin and Ethereum, broadening its crypto footprint.

Bloomberg analyst James Seyffart noted that while XRPR is designed to track XRP’s price, the inclusion of other crypto products and instruments means it does not qualify as a “pure spot” ETF. However, it still marks a significant milestone, being the first product of its kind to gain traction in the US market.

REX Shares has previously launched similar crypto-focused ETFs, including the REX-Osprey Solana Staking ETF (SSK), which debuted in July. That product was the first US-listed fund offering direct exposure to Solana with built-in staking rewards.

Whale Selling Fails to Disrupt XRP’s Market Strength

Despite a wave of profit-taking by mid-tier whale wallets, XRP’s price has remained resilient. On-chain data reveals that wallets holding between 1 million and 10 million XRP reduced their collective holdings by 160 million tokens over the past two weeks.

This drop, from 6.95 billion to 6.79 billion XRP, represents one of the largest short-term reductions in this cohort’s holdings in recent months. Analysts suggest this selling was likely driven by investors locking in profits after a period of accumulation.

Even so, XRP has maintained strong technical support above the $3 price level, signaling robust demand and market confidence. The timing of this whale activity coincides with anticipation surrounding the XRPR ETF launch, which could be driving broader interest in the asset.

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Market watchers will be paying close attention this Thursday, when both the XRP and Dogecoin ETFs may officially debut. 

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