XRP added $10 billion to its market capitalization in less than 24 hours, lifting its total market cap valuation to $150 billion as the token’s price advanced 3.6% to $2.50.
The move builds on a strong week that has pushed the asset 10% higher, supported by a surge in trading activity to $6.24 billion, up more than 51% from the previous session.
XRP staged a sharp V-shaped recovery after dipping to a $139.49 billion market cap on 12 November, signaling that buyers viewed the pullback as a liquidity sweep rather than a reversal.
XRP 1-day martet cap. Source: CoinMarketCapPrice strength resumed into the early hours of 13 November, coinciding with the ETF’s first trading day.
Canary XRP ETF (XRPC) launc
A key catalyst was the Nasdaq launch of the Canary XRP ETF (XRPC) on 13 November 2025. As the first U.S. spot ETF offering direct exposure to XRP, XRPC gives institutions a regulated entry point without taking on custody risks. Approval arrived shortly after the government resolved its temporary shutdown, which had delayed SEC certifications across several pending crypto products.
Bloomberg’ Senior ETF analyst Eric Balchunas highlighted the strength of XRPC’s debut, noting that the fund recorded $26 million in trading volume within its first 30 minutes. He described the early activity as significantly higher than expected, saying it would “blow away” his initial $17 million estimate.
Balchunas added that XRPC now has a realistic chance of surpassing BSOL’s $57 million opening tally, which currently stands as the largest first-day volume for any ETF launch this year.
Investor positioning began to shift quickly following the debut. Many traders are now watching for competing ETF applications from Franklin Templeton and Bitwise, a scenario that often sparks preemptive accumulation. A similar pattern unfolded during Bitcoin’s 2024 spot ETF rollout, when sustained inflows helped fuel a rally of more than 160%.
Longer-term adoption trends continue to support sentiment. XRP’s expanding role in healthcare payment systems and cross-border settlement pilots is giving the asset additional visibility among enterprise and fintech users, complementing speculative flows.
Eyes now turn to the first inflow and outflow data for XRPC, expected on 14 November. Robust demand would validate the latest move higher, while weaker figures could lead to temporary consolidation.
Source: https://finbold.com/10-billion-floods-into-xrp-as-nasdaq-launches-first-u-s-spot-xrp-etf/
