- The price of XRP jumped amid the REX-Osprey ETF launch before retreating slightly.
- Analysts pointed to the impressive $37.7 million volume as a potential sign of further gains.
- If bullish momentum holds, XRP could target the $5 to $10 range next.
The cryptocurrency market reached a notable milestone on September 18, 2025, when the REX-Osprey XRPR ETF, the first U.S.-listed spot XRP ETF, debuted with an impressive $37.7 million in trading volume.
This launch renewed investor and analyst interest and raised questions about XRP’s future price trajectory amid growing institutional adoption.
XRP’s price rose during the debut, touching highs of $3.13 before trimming gains to around $3.02.
REX-Osprey XRPR ETF Posts $37.7 Million in Volume
The debut of the REX-Osprey XRPR ETF marked an important moment for the crypto industry, offering investors regulated exposure to XRP through a traditional exchange-traded fund structure.
According to data shared by ETF analyst Eric Balchunas, the XRPR ETF recorded an impressive $37.7 million in turnover on its first trading day.
That figure outpaced the debut performance of the IVES ETF and set a new benchmark for ETF launches in 2025.
$XRPR traded $37.7m on Day One, which edges out $IVES for the biggest day one (natural) $ volume of any 2025 launch. $DOJE is no slouch at $17m, which would be Top 5 for year.. out of 710 launches. Good sign for the onslaught of 33 Act ETFs coming soon.. pic.twitter.com/JaQP9ekFIq
— Eric Balchunas (@EricBalchunas) September 18, 2025
The shared data from Balchunas reflected 1,462,622 shares traded at a last price of $25.728 per share.
The strong initial performance topped the $17 million debut of the REX-Osprey DOJE ETF for Dogecoin, signaling robust demand for regulated XRP exposure among investors.
Balchunas suggested this success bodes well for the anticipated wave of 33 Act ETFs, indicating a possible shift toward wider acceptance of altcoin-based financial products.
Ripple Price Forecast: Is XRP About to Surge?
The notable XRPR ETF debut has injected optimism into the XRP community, with many viewing it as a potential catalyst for a substantial price rally.
Analysts and enthusiasts have highlighted the ETF’s $37.7 million volume as evidence of rising institutional interest, which could translate into significant inflows in the coming months.
Some observers predict that if XRP holds current support levels around $3.00, the price could advance toward $5 and beyond.
Buying pressure tied to ETFs could intensify if the SEC approves the numerous “33 Act” filings awaiting review.
From a technical standpoint, Ripple’s token is trading within a key support zone between $2.75 and $3.12.
A decisive break of a descending channel would keep XRP on a bullish track, with daily RSI and MACD indicators currently favoring buyers.
Should bullish momentum persist, XRP could set its sights on the $5 to $10 range next.
ETF momentum and Ripple’s expansion across global payment networks, including initiatives like RLUSD, will be important drivers.
Regulatory developments and macroeconomic conditions—such as the possibility of further rate cuts by the Federal Reserve in 2025—would also support the bullish case.