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The XRP price (XRP) has increased by 0.2% over the last 24 hours, while trading volumes for the token have nearly tripled following Canada’s approval of the first exchange-traded fund (ETF) for this asset in North America.
This week, Canadian regulators granted approval for the Purpose XRP ETF (XRPP) to begin providing access to XRP through these financial instruments, with trading set to commence tomorrow.
June 18th. TSX. Prepare yourselves.
Introducing the Purpose XRP ETF, which offers regulated, direct exposure to spot #XRP, the native token that facilitates rapid, low-cost cross-border transactionsFund page: https://t.co/CfCEdbOUEp
Press release: https://t.co/8v1FPkXSdU… pic.twitter.com/uzNgZyRpC3
— Purpose Investments (@PurposeInvest) June 16, 2025
Fund page: https://t.co/CfCEdbOUEp Additionally, the Evolve XRP ETF (XRP) is also expected to commence trading on June 18. Both funds will provide exposure to the native asset of the Ripple network in both Canadian and U.S. dollars.
This marks a significant milestone for the asset management sector in this area, as crypto ETFs are viewed as a crucial step toward enhancing the adoption of digital assets by both institutional and retail investors.
The approval of an XRP ETF in Canada represents a favorable development that raises the likelihood of a forthcoming approval from the U.S. Securities and Exchange Commission (SEC) for similar products that have already been proposed.
This situation supports a positive XRP price forecast, as additional liquidity is expected to flow into the token with the launch of more investment vehicles.
XRP Price Prediction: XRP Could Reach $2.08 Before Its Next Surge
Examining the 4-hour chart, XRP has encountered a significant resistance level at $2.33, which appears to have triggered a notable sell-off. The token seems to have entered a consolidation phase due to the lack of catalysts that could influence its price in either direction.
This week is likely to be pivotal for the token’s performance, as the Federal Open Market Committee (FOMC) meeting scheduled for Wednesday typically introduces some volatility into the markets.
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Currently, the short-term XRP price forecast suggests that the token may reach the $2.08 support level, as the market could move there to gather the necessary liquidity for its next upward movement.
While reaching $1,000 appears improbable at this time, the growing adoption of altcoins like XRP by global investors will aid in driving the price of this cryptocurrency to new heights.
In this scenario, the next logical target for the token would be its nearest all-time high, similar to Bitcoin (BTC). For XRP, this indicates a potential rise to the $3.5 level in the near future.
Like XRP, the top crypto presales of the year, such as Bitcoin Hyper (HYPER), present considerable upside potential due to their strong practical applications.
Bitcoin Hyper (HYPER) Provides Access to BTC’s DeFi via a Solana-Powered L2
Bitcoin Hyper (HYPER) is a layer-2 scaling solution for the Bitcoin network that utilizes the power, efficiency, and scalability of the Solana blockchain to facilitate cheaper and faster asset transfers within the Bitcoin network.
By employing smart contracts, this solution unlocks the vast potential of Bitcoin’s DeFi ecosystem and will also promote the creation of meme coins within this ecosystem, as it will be simpler and more cost-effective to exchange these tokens through decentralized exchanges (DEXs) built on Bitcoin Hyper.
$HYPER is expected to see significant demand once the protocol gains traction with leading wallets and exchanges. Therefore, investors can strategically position themselves for optimal returns by purchasing this token at its discounted presale price of $0.011925.
To acquire $HYPER, simply visit the Bitcoin Hyper website and connect your wallet (e.g., Best Wallet). You can either swap USDT or ETH for this token or use a bank card to invest.
The post XRP Price Prediction: Canada Approves First Spot XRP ETF – $1,000 XRP Coming? appeared first on Cryptonews.
