According to prominent crypto journalist Eleanor Terrett, Canary Capital has filed its 8-A form for Nasdaq’s certification, a final step before the institution’s potential spot XRP ETF launch on Thursday. Investors have long awaited an XRP ETF, and the wait seems to be finally ending. However, despite the bullish development, XRP’s price does not show the same enthusiasm.
According to CoinGecko, XRP was down more than 5% earlier today in the 24-hour chart, but has slightly recovered and is currently down by 3.1% in the same time frame. The asset is also down by 8.4% in the 14-day charts and 6.8% over the previous month. Despite the sharp dips, XRP has rallied by 7% over the last week and 295.5% since November 2024. Let’s discuss if XRP will rebound over the coming days.
Will XRP Rally After The ETF Launch?
Crypto-based ETF products made their US debut in early 2024, with the launch of several Bitcoin (BTC) and Ethereum (ETH) ETFs. Both assets had very contrasting behaviors after their respective ETF launches. While Bitcoin (BTC) hit multiple all-time highs throughout 2024 and well into 2025, Ethereum (ETH) did not see much movement in the first year of its ETF launch. Instead, it took almost one year for ETH to hit a new peak. Which pattern XRP will follow is yet to be seen.
Also Read: See How 1,000 XRP Value Soars Once SEC Approves XRP ETFs
XRP has had quite a bullish year in 2025. Ripple settled its lawsuit with the SEC, and XRP is getting its first ETF launch. Both developments could lead to a massive surge in investor sentiment. We could see a massive influx of institutional money over the coming weeks. Moreover, the Federal Reserve recently slashed interest rates by an additional 25 basis points. The list of bullish developments could greatly aid XRP to hit a new all-time high very soon.