XRP Today News: XRPC's debut performance surpasses Solana ETF,逆势吸金2.45亿美元.

On November 13, 2025, against the backdrop of a sharp decline in expectations for Fed interest rate cuts that triggered a widespread fall in the Crypto Assets market, the Canary XRP Spot ETF (XRPC) achieved a remarkable $245 million net inflow on its first day, with a volume of $59 million, surpassing BSOL to become the most successful ETF launch of the year. Despite the XRP price falling 2.69% to $2.323 on that day, strong demand from institutional investors injected rare confidence into the asset, shifting the market's focus to the upcoming launches of the Franklin Templeton and Bitwise XRP Spot ETFs next week.

XRP Rises Above in a Risk-Averse Environment

On November 13, the cryptocurrency market was shrouded in strong risk aversion, with the probability of a Fed rate cut plummeting from 62.9% on November 12 to 50.7%, leading to net outflows of $459.4 million and $103.7 million for Bitcoin and Ethereum Spot ETFs, respectively. Against this backdrop, the strong performance of the Canary XRP Spot ETF stands in stark contrast, as its first-day volume of $59 million not only surpassed the $57 million debut record of the SOL Spot ETF but also topped the charts among the 900 new ETFs launched this year.

Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, pointed out on social media: “XRPC ranks first in the 2025 ETF debut list with a first-day volume of $59 million, slightly surpassing BSOL's $57 million. The two are self-contained, with the third place trailing by more than $20 million.” This strong performance is partly attributed to XRP's uniqueness as the first non-Bitcoin, non-Ethereum Crypto Asset to receive approval for a U.S. Spot ETF, and it also reflects institutional investors' urgent demand for diversified Crypto Assets allocation.

XRP ETF Ecosystem Competitive Landscape and Capital Flow Outlook

Despite Canary Capital achieving a successful launch thanks to its first-mover advantage, competitors with higher rankings in asset management scale are intensively preparing for listing. According to VettaFi data, Franklin Templeton (ranked 19th) and Bitwise (ranked 56th) significantly surpass Canary Capital (ranked 238th) in asset management scale rankings. These two companies' XRP Spot ETFs are expected to begin trading after submitting their revised S-1 forms next week.

Canary Capital CEO Steven McClurg has significantly raised his first-month inflow forecast from $50 million, stating: “If I predict $50 million and it actually reaches $5 billion, I am still correct because we at least got $50 million.” This optimism is based on the successful experience of Bitcoin Spot ETFs, which have attracted over $35 billion in net inflows within a year and a half of being listed. If the XRP ETF can replicate even a tenth of that inflow scale, it would bring an additional $3.5 billion in demand to the market.

XRP Spot ETF Key Data Overview

• First day net capital inflow: 245 million USD (XRPC)
• First day trading volume: 59 million USD (XRPC)
• Benchmark: BSOL first day 57 million dollars
• Management Fee Rate: 0.50% (XRPC)
• Coming Soon: Franklin Templeton, Bitwise
• Bitcoin ETF outflow: $459.4 million (same day)

Price Analysis Under the Divergence of XRP Technical and Fundamental Aspects

From a technical analysis perspective, the price trend of XRP shows a clear weakness. After falling 2.69% on November 13, XRP has closed down for three consecutive trading days, and the price is significantly below the 50-day ($2.534) and 200-day ($2.576) exponential moving averages, forming a typical bearish technical structure. Key support levels to watch are $2.2, $2.0, and $1.9, while resistance levels are densely distributed in the range of $2.35 to $3.66.

Fundamental catalysts have become the key variables to break the current deadlock. The bullish scenario requires the following conditions to be met: a rebound in the Fed's interest rate cut probability in December, BlackRock submitting an application for the iShares XRP trust, blue-chip companies announcing the inclusion of XRP in their financial assets, Ripple obtaining a U.S. chartered bank license, and the passage of the Market Structure Act. If these events occur, it could drive XRP to break through the $2.35 resistance and test the $3.0 level upwards. Conversely, if regulatory progress is delayed or the macroeconomic environment deteriorates further, the price may fall to the important psychological support at $2.0.

XRP's Practical Application Progress in Cross-Border Settlement

Apart from the ETF narrative, the practical application of XRP in the cross-border settlement field is worth following. Ripple's application for a U.S. charter bank license has entered its final stage, and if approved, it will significantly expand its service capabilities in the U.S. financial system. Meanwhile, the vulnerabilities exposed in the SWIFT system during the government shutdown are prompting more financial institutions to consider blockchain alternatives. Ripple's ODL (On-Demand Liquidity) solution saw a year-on-year increase of 130% in trading volume in the Southeast Asia corridor in the third quarter of 2025.

The acceptance of XRP by major banks is also steadily increasing. US Bank has integrated Ripple technology into its corporate treasury management products, while HSBC and Santander are testing XRP-based cross-border settlement channels in Europe. These practical application advancements provide fundamental support for XRP that distinguishes it from pure meme coins, and also give it a clearer positioning in institutional asset allocation—not just as a speculative tool but as a component of financial infrastructure.

The Value Discovery Challenge of XRP in the Institutionalization Process

The divergence between the successful debut of the XRP Spot ETF and the weak price reveals the complexity of value discovery that crypto assets face in the process of institutionalization. When traditional financial instruments like ETFs bring new demand for assets, they also introduce new pricing logic and valuation frameworks—institutional investors no longer solely focus on community enthusiasm or technical narratives, but strictly assess regulatory risks, liquidity, and correlations with traditional assets. During this transition period between old and new pricing logic, the performance of XRP becomes an excellent case for observing how crypto assets shift from retail-driven to institution-led dynamics. As the inflow of funds into ETFs eventually translates into price momentum, we may witness the birth of a more mature and efficient pricing mechanism for crypto assets.