XRP Trading Skyrockets 29,000% Amid ETF Buzz and SEC Decision Countdown

XRP recorded an explosive spike in trading activity on Coinbase, with volume surging over 29,000 percent within 24 hours. The dramatic rise came as traders reacted to growing ETF speculation and awaited a key decision from U.S. regulators.

According to Edward Farina, CEO of Alpha Lions Academy, XRP’s 24-hour trading volume initially climbed by 12,495.31 percent. Citing analytics from Coinglass, he later shared an updated figure showing an increase of 29,140.38 percent. This had increased XRP /USD trading volume in Coinbase to $246.20 million, which made it one of the most liquid ones in the world.

Coinglass heatmap data also indicated that Coinbase briefly displaced exchanges, including Bybit, OKX, and Kraken, as the leader in XRP volume. Binance was the only one with a higher volume during the rush. Its rapid growth reflects a growing number of institutional investors showing interest and perhaps a response to the exploration of regulations.

Also Read: XRP Ledger Shatters Records with 1.2M Payments—Is a Price Surge Coming?

Anticipation Builds Ahead of ETF Announcements in Canada and the U.S.

The timing of this trading spike coincides with growing attention around XRP exchange-traded funds. As shared by X user Nitinahuja, Purpose Investments is set to launch Canada’s first spot XRP ETF on June 18, 2025. The fund, listed under the ticker XRPP on the Toronto Stock Exchange, will offer direct market exposure to XRP.

Purpose Investments, already famous for launching the first spot Bitcoin ETF in the world, once again attracted the attention of institutional clients by entering into XRP. Ontario Securities Commission approval is a corresponding regulatory milestone. This new ETF-based product has the potential to open XRP to a larger category of conventional investors.

At the same time, information about the Canadian ETF was verified, indicating a sharp change in the price of XRP. In 24 hours, the asset increased by 7 percent to $2.30. This increase exceeded the general market dynamics of cryptos and continued to promote trading.

The U.S. is turning to the SEC’s impending ruling on Franklin Templeton’s spot XRP ETF. The decision, which comes today, is regarded as the key event regarding the regulatory significance and possible institutionalization of XRP.

According to market analysts, the huge volumes currently could be related to traders’ positioning ahead of this decision. As the two ETFs may be launched within one week, trading with XRP is currently characterized by a high volatility rate and investors’ attention.

Conclusion

With ETF announcements in both Canada and the U.S. drawing near, XRP trading is experiencing a rare moment of acceleration. All eyes are now on the SEC’s next move, which could define XRP’s role in the regulated investment space.

Also Read: Michael Saylor Drops Shocking Bitcoin Message as Strategy Buys $1B in BTC

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