Why XRP Dipped Despite Record $37M Debut of REX-Osprey ETF

• XRP price hasn’t shown much activity despite the successful launch of Rex-Osprey XRPR ETF, while analysts continue to stay bullish for a rally to $5.
• XRPR’s hybrid structure combines spot holdings with foreign ETPs, Treasuries, and hedges, while the SEC’s recent approval of generic crypto ETF listing standards set a bullish tone.

Ripple’s native cryptocurrency XRP has continued to face selling pressure despite the Rex-Osprey XRPR ETF making a stellar debut, clocking $37 million in trading volume on debut.

As of now, XRP price is down 2.5% trading at 3.03, with daily trading volume dropping 25% to $5.56 billion, hinting at weaker market sentiment.

Rex-Osprey XRP ETF Makes Strong Debut

The REX-Osprey XRP ETF (XRPR) launched with a strong debut, recording $37.7 million in trading volume on its first day. This makes it one of the most successful ETF launches of 2025 so far. Within just 90 minutes of opening, the fund had already surpassed $24 million in trades, while surprising the crypto community.

Bloomberg ETF analyst Eric Balchunas described the launch as “remarkable,” noting that most new ETFs struggle to exceed $1 million in volume on their first day.

The Rex-Osprey XRP ETF (XRPR) uses a hybrid structure, combining direct spot holdings with up to 40% allocated to foreign ETPs, Treasuries, and hedging instruments. This design routes demand through custodians instead of visible exchange activity, making its market impact less direct than that of a traditional spot ETF registered under the 1933 Act.

Furthermore, in the latest development, the U.S. Securities and Exchange Commission (SEC) approved the generic listing standards for crypto exchange-traded funds (ETFs). This will further open the gates for the approval of spot crypto ETFs, for other digital assets like XRP, DOGE, SOL, etc, as reported by CNF.

Will Ripple Cryptocurrency Recover Soon?

Over the past few weeks, the Ripple cryptocurrency has continued to flirt around $3.0 levels. XRP price is trading in a tight range as Bollinger Bands narrow, with support at $2.71 and resistance at $3.18. The price is holding just above the 20-day moving average at $2.95, suggesting stability while volatility compresses, as mentioned in our previous story.

Momentum indicators remain largely neutral, with the MACD showing a mild bullish crossover and the RSI hovering near 54. Short- to mid-term EMAs between the 10–50 day range are also supporting the price at $2.95–$3.00, reinforcing this zone as a key support level.

Despite the current underperformance, market analysts continue to remain optimistic for an XRP price rally to $5. Analyst Zenia remains bullish on XRP, highlighting a possible bull flag breakout. He noted that the recent ETF launch adds structural support, which could drive XRP toward $5 in the near term, with a longer-term target of up to $15.