Saad Ullah
⬤ The first spot XRP ETF, called XRPC, starts trading this Thursday after completing its Nasdaq certification. This is a big deal for institutional access to XRP, offering new ways to get exposure at a time when the price has been stuck in a range. The chart shows XRP trading within a descending trendline and bumping up against the $2.66 resistance zone.
⬤ The main risk here isn't about taxes—there are none involved. Instead, it's all about how the market reacts to the ETF launch and whether it cranks up volatility. If XRP can't punch through $2.66, any rallies might stay capped. On the flip side, there's a strong green demand zone below where buyers have been showing up consistently. So the ETF could either fuel a breakout or make things worse if that support fails to hold.
⬤ Technical analysis suggests caution. The $2.66 level is described as strong resistance—until it breaks, upside moves are likely to stay limited. While ETF launches usually bring more liquidity, that doesn't guarantee an immediate price spike. The chart backs this up, showing XRP getting rejected at the descending trendline multiple times. Bottom line: volatility will pick up, but calling a breakout before seeing clear technical confirmation would be premature.
⬤ For investors, the XRPC launch is a structural shift that could change liquidity and market depth as institutional money flows in. But $2.66 is still the gatekeeper. A clean break above it would likely boost sentiment and open the door to a fresh bullish phase. If XRP can't get past it, expect more sideways action and extended consolidation under that resistance ceiling.
Saad Ullah
