Canary Capital’s XRP ETF Shocks The Market: Is It A $6 Dream Or Just A Hype?

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Hold onto your hats, people! Canary Capital’s XRP ETF just made its debut on Thursday, and it’s already breaking records. In its first day of trading, this shiny new financial product pulled in a whopping $58 million in volume, making it the most traded ETF launch of the year. You know, just a casual day at the office. 💸

Eric Balchunas, Bloomberg’s go-to expert for all things finance (and probably a secret super hero), took to X (yes, that’s still Twitter) to drop some knowledge on how impressive this XRP ETF launch is. His take? Historic. That’s a big word. And we’re here for it. 🙌

But wait-this isn’t a one-hit-wonder situation. The launch actually gave XRP’s price a boost, pushing it towards that holy grail of $2.5. But like a kid at a candy store, the price retraced a bit, pulling back 4%, landing somewhere around $2.3. Typical XRP, am I right? 😅

XRP ETF: Bigger Than Solana? Let’s Discuss

In the CEO corner, we have Steven McClur from Canary Capital, who’s practically channeling the spirit of every “dream big” motivational speaker. He’s got a bold prediction: the XRP ETF could actually outshine Solana (SOL), and no, this isn’t just wishful thinking. McClur’s confident about XRP’s liquidity, global usefulness, and the floodgates of institutional investment that are about to open. All this, while Solana’s ETF is still sitting at the kids’ table. 😜

Speaking of Solana, Canary Capital’s XRP ETF has already left Bitwise’s Solana Staking ETF in the dust. The competition wasn’t even close. $57 million versus $58 million. Oof, just one million bucks off from being the underdog hero. 📉

Now, analysts are all fired up. They’re predicting that when heavyweights like Franklin Templeton, Bitwise, and Grayscale get in the game later this month, XRP could see an inflow of up to $8 billion. Yes, with a “B.” And that? That could mean a major price surge. Like, “move over, Bitcoin” type of surge. 🚀

We’re talking bullish vibes all around. Some experts are predicting XRP could shoot past $10 to $37. And let’s be real, who wouldn’t want to see those numbers? If you play your cards right, this could mean a jaw-dropping 334% increase or, if you’re really lucky, a 1,500% surge. Get those party hats ready. 🎉

150% More Reasons To Get Excited

If you’re still not convinced, let me add some more fuel to your fire. Dark Defender, the tech guru of the crypto world, is saying XRP’s price is looking like it could burst through some serious resistance at $2.85. With support at $2.22, they’re eyeing targets like $18.22 and $36.76. Let’s just say-if you’ve been waiting for the right time to believe in the XRP hype, this might be it. 💥

Geoffrey Kendrick at Standard Chartered isn’t exactly the type to make reckless predictions, but he’s thinking big for 2028. His target? A cool $12.50 for XRP. That’s 73% annual returns. Do you want that kind of return? Yeah, I thought so. 😏

And finally, the folks over at the Motley Fool are dropping some serious wisdom, likening the potential XRP surge to Bitcoin’s post-SEC approval rise after spot Bitcoin ETFs were greenlit. Their bold prediction? XRP might just hit $6 by 2030. That’s a 150% increase. What’s not to love? 😍

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2025-11-14 10:26