XRP ETF Countdown: Nasdaq Set to Decide Canary Capital Listing — Ripple Price on Edge
Nasdaq Set to List Canary Capital XRP ETF: Analysts Predict Two Major Price Scenarios for Ripple
The long-awaited XRP Exchange-Traded Fund (ETF) is finally on the horizon. In what could mark a historic milestone for both Ripple and the broader crypto market, Canary Capital has filed the final registration documents for its XRP Spot ETF, officially paving the way for trading on the Nasdaq Stock Exchange under the ticker symbol XRPC.
This landmark move positions the Canary Capital XRP ETF as the first-ever spot XRP fund in the United States, following similar successes of Bitcoin and Ethereum ETFs earlier this year. The firm has filed its Form 8-A with the U.S. Securities and Exchange Commission (SEC), a key regulatory step required before any ETF can begin trading on a national securities exchange.
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| Source: Eric Balchunas Senior ETF Analyst |
A Defining Moment for Ripple and Institutional Crypto Adoption
The Form 8-A filing represents the final legal milestone for listing a new ETF on U.S. markets. Once certified by Nasdaq and approved by the SEC, trading could begin as early as Thursday morning, according to documents and insider reports reviewed by HOKANEWS.
The approval would mark a watershed moment for Ripple (XRP), the digital asset powering one of the world’s most widely adopted blockchain payment networks. After years of legal battles and regulatory scrutiny, Ripple’s potential entry into the ETF landscape could signal a powerful comeback and mainstream validation.
Industry experts are calling the Canary Capital ETF “the green light Ripple investors have been waiting for.”
“This isn’t just about launching a new product—it’s about institutional recognition,” said Alex Thomson, a senior analyst at BlockData Research. “The moment XRP gains a regulated investment vehicle on Nasdaq, it unlocks access to billions in institutional capital.”
Form 8-A: The Final Step Before Trading Begins
The Form 8-A is far from a routine submission. It serves as the formal document that registers the ETF’s securities with the SEC under the Securities Exchange Act of 1934, effectively allowing the shares to trade publicly.
For context, Canary Capital followed a similar process earlier this year when it filed for its HBAR spot ETF, which went live just 24 hours after its 8-A submission. This precedent gives traders reason to believe that the XRP ETF could go live tomorrow if all regulatory processes clear smoothly.
However, minor delays remain possible. Technical reviews by Nasdaq or final clearance by U.S. market makers could push the launch by a day or two. “It’s not over until the first trade executes,” noted Thomson, highlighting that even last-minute checks can affect launch timing.
How the XRP ETF Could Transform the Market
The arrival of an XRP ETF would fundamentally reshape the investor landscape for the cryptocurrency. For years, XRP has been primarily driven by retail traders and cross-border payment applications. With a regulated ETF, institutional investors—including pension funds, asset managers, and hedge funds—would have a direct, compliant route to gain exposure to Ripple’s ecosystem.
“An ETF allows big money to enter the market without the custody risks of holding crypto directly,” explained Rachel Lee, a financial strategist at Morgan Creek Digital. “If this fund launches successfully, it could put XRP in the same league as Bitcoin and Ethereum from an investment perspective.”
Current Market Reaction: Calm Before the Breakout
Despite the groundbreaking ETF news, XRP’s price has cooled slightly, trading around $2.42, down about 5% over the past 24 hours according to data from TradingView. Analysts interpret this as a normal cooling phase following a sharp rally that took the asset to near $2.60 earlier this week.
The Relative Strength Index (RSI) now sits near 36.5, edging close to oversold levels. Meanwhile, the MACD shows fading bearish momentum—an indication that selling pressure may be nearly exhausted. These technical patterns suggest that the market is in a holding pattern, awaiting confirmation of the ETF’s activation.
Key price levels to watch include $2.30 as immediate support and the $2.55–$2.60 range as resistance. A decisive break above $2.60 could signal the beginning of a renewed bullish trend, especially if the Nasdaq listing is confirmed.
Analysts Outline Two Key Price Scenarios for XRP
With the ETF announcement now just hours away from potential execution, analysts are split between two major short-term scenarios—each carrying significant implications for traders and long-term investors.
Scenario 1: Approval and Listing Go Live
If Nasdaq certifies the listing and trading begins on Thursday as expected, analysts foresee an immediate market reaction.
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Short-Term Outlook: XRP could quickly surge to the $2.80–$3.00 range as institutional investors and speculative traders rush to secure exposure.
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Mid-Term Outlook: Sustained buying momentum could lift XRP toward $3.50–$4.00, potentially surpassing its 2021 highs.
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Long-Term Outlook: If the ETF attracts significant inflows, XRP could reach the $5.00–$6.00 zone by mid-2026, solidifying its place among top-tier digital assets.
“This would mark the first time in history that Ripple has a regulated product on a U.S. exchange,” said Lee. “That’s a narrative the market will find very difficult to ignore.”
Scenario 2: Technical Delay or Postponement
In the event of a technical delay—perhaps due to exchange system checks or last-minute regulatory clarifications—the immediate market sentiment could turn cautious.
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Short-Term Impact: Short-term traders may unwind positions, sending XRP back toward $2.20 or possibly retesting $2.00 support levels.
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Medium-Term Impact: Analysts believe such dips would be temporary and likely viewed as buying opportunities for long-term investors who anticipate the eventual ETF launch.
“Delays are part of every ETF story,” said Thomson. “Bitcoin and Ethereum ETFs faced the same skepticism before approval. In each case, the eventual launch triggered a major price recovery.”
Ripple’s Strategic Advantage: Regulatory Maturity
Ripple’s long legal journey with the SEC over XRP’s classification as a security has, ironically, positioned it for this moment. Following partial court victories in 2023 and increased regulatory clarity around XRP’s non-security status for secondary sales, the path has opened for institutional-grade investment products.
“The regulatory groundwork is finally stable enough to support this ETF,” said Dr. Kelvin Grant, head of crypto regulation at the University of Miami. “Canary Capital’s timing could not be more precise.”
The move also comes as global exchanges race to expand their digital asset offerings. From London to Singapore, ETFs have become the primary gateway for institutional investors entering the crypto market. The Nasdaq XRP listing could strengthen the U.S. position in the evolving Web3 financial ecosystem.
What Happens Next
According to insiders close to Canary Capital, Nasdaq’s certification could come by 5:30 PM ET today, with trading potentially opening when markets resume on Thursday morning.
If confirmed, the Canary Capital XRP ETF (XRPC) will join a growing list of crypto-based financial instruments available on major U.S. exchanges, potentially signaling the start of a new wave of institutional crypto products tied to other blockchain assets.
“Today could be the day XRP crosses from the crypto niche into the mainstream financial system,” said Lee. “The next 48 hours will decide whether this moment is remembered as the birth of a new asset class—or just another false start.”
Conclusion
Even if short-term volatility follows, the long-term trajectory for XRP remains promising. The paperwork is complete, regulatory boxes have been checked, and investor anticipation is near a peak not seen since Ripple’s early years.
For many, this isn’t just about an ETF—it’s about the institutional validation of a project once dismissed by skeptics. Whether the launch occurs tonight or a few days later, the Canary Capital XRP ETF has already achieved what once seemed impossible: bringing Ripple to Wall Street.
As markets await Nasdaq’s decision, XRP trades quietly but confidently—a digital giant poised for its next chapter.
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