- The XRP price jumped sharply during the launch of the REX-Osprey ETF before pulling back slightly.
- Analysts pointed to the notable $37.7 million trading volume as a potential signal for further gains.
- If bullish momentum continues, XRP could next target the $5 to $10 range.
On September 18, 2025, the cryptocurrency market reached a notable milestone when the REX-Osprey XRPR ETF—the first U.S.-listed spot ETF for XRP—debuted with an impressive $37.7 million in trading volume.
This development rekindled investor and analyst interest and raised questions about XRP’s future price trajectory amid growing institutional acceptance.
During the ETF’s debut, XRP’s price rose to a peak of $3.13 before trimming gains to around $3.02.
REX-Osprey XRPR ETF posts $37.7 million in volume
The launch of the REX-Osprey XRPR ETF represents a milestone for the crypto sector by offering investors regulated exposure to XRP via a traditional exchange-traded fund structure.
Data shared by ETF analyst Eric Balchunas showed the XRPR ETF recorded $37.7 million in trading volume on its first day.
That figure surpassed 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 reflected 1,462,622 shares traded at a last price of $25.728 per share, according to Balchunas’ breakdown.
The strong initial performance outpaced the REX-Osprey DOJE ETF’s $17 million debut for Dogecoin and signaled robust demand for regulated XRP exposure.
Balchunas noted that this success bodes well for the wave of proposed “Act 33” ETFs, suggesting a deeper move toward mainstream acceptance of altcoin-based investment products.
Ripple price outlook: Is XRP poised for a breakout?
The XRPR ETF’s strong debut has generated optimism within the XRP community, with many viewing it as a potential catalyst for a significant price advance.
Analysts and market observers point to the ETF’s $37.7 million volume as evidence of growing institutional interest that could translate into meaningful inflows in the months ahead.
Some forecasts suggest the price could move toward $5 or higher if XRP maintains its current support around the $3.00 level.
ETF-driven buying pressure would likely intensify should the SEC approve multiple pending “Act 33” filings, increasing institutional flows into XRP-based products.
From a technical perspective, XRP is trading inside a key support zone between $2.75 and $3.12. A breakout from the prevailing descending channel would preserve a bullish outlook—daily RSI and MACD readings currently favor the bulls.
Should upward momentum continue, XRP may set sights on the $5 to $10 range as the next notable target.
ETF dynamics and Ripple’s expansion into global payments networks, including initiatives such as RLUSD, will be important drivers. At the same time, regulatory developments and broader macroeconomic conditions—such as potential U.S. rate cuts in 2025—could provide additional tailwinds for a sustained rally.