XRP is trading at $3.10, marking a 3.2% increase over the past 24 hours. The price movement comes as trading volume surged 62.12% to reach $7.36 billion.
The cryptocurrency has maintained steady growth with weekly gains of 3.01%. This upward trend continues despite broader market volatility affecting other digital assets.
A new milestone was reached with the launch of the REX-Osprey XRP ETF. The fund attracted $37.7 million in trading volume on its debut day, far exceeding typical expectations for new ETF launches.
Bloomberg ETF analyst Eric Balchunas noted that most new ETFs see around $1 million in trading volume initially. The XRP ETF’s performance represents the largest day-one volume for any ETF launch 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 ETF gained momentum quickly, taking in $24 million within its first 90 minutes of trading. This volume was five times higher than any XRP futures ETF achieved on their debut days.
Current technical indicators support the bullish momentum. The Relative Strength Index sits at 58.26, well below overbought territory and indicating room for additional growth.
The RSI signal line stands at 53.31. These readings suggest XRP maintains upward pressure without immediate reversal risks.
MACD indicators also confirm the positive trend. The MACD line reads 0.02226 against a signal line of 0.01144, with a histogram of 0.03370 showing divergence that supports continued bullish pressure.
Crypto analyst Egrag Crypto identified key price levels for XRP’s near-term movement. The downside target sits at $3.03, which could serve as a retest level.
#XRP Upper and Lower Targets 📈:
▫️Lower Targets:
Retesting and bouncing from $3.03 is still in the cards, but I believe the retest was completed on September 15th. If we break below this level, we could see a drop to $2.85, which is a strong support on the daily chart. ⚠️… pic.twitter.com/wx4VD7yxUF— EGRAG CRYPTO (@egragcrypto) September 18, 2025
A break below $3.03 would likely push XRP toward $2.85, considered strong daily chart support. Conversely, a close above $3.20 would signal bullish continuation.
The analyst marked $3.30 as a critical breakout point. Reaching this level would confirm the current trend and potentially trigger an extended rally.
CoinGlass data reveals increased activity in derivative markets. Trading volume jumped 79.70% to $9.04 billion across all platforms.
Open interest grew 6.96% to $9.11 billion. The OI-weighted funding rate stands at 0.0105%, indicating balanced market sentiment.
These metrics demonstrate convergence between spot and derivative markets. Both sectors are supporting the current price structure and momentum.
The REX-Osprey XRP ETF launch coincided with similar products for other cryptocurrencies. Together, XRP and Dogecoin ETFs generated $54.7 million in combined trading volume.
XRP’s current position depends on maintaining support above key levels. The cryptocurrency faces immediate resistance at $3.20, with a breakout potentially targeting the $3.30 level that analysts view as a critical milestone.
The post XRP Price: New REX-Osprey ETF Smashes Expectations with Record-Breaking First Day appeared first on CoinCentral.
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