North America’s first spot XRP ETF crashes 18%

North America’s first spot XRP exchange-traded fund ( ETF ) has suffered a sharp downturn, in line with broader market ￰0￱ 3iQ XRP ETF (XRPQ. U), listed on the Toronto Stock Exchange, has plunged nearly 18% over the past month to $11.32 as of October ￰1￱ decline mirrors the weakness across altcoins, with XRP itself struggling to maintain support above the $2 ￰2￱ the pullback, the ETF remains up 5.91% since inception, according to data from its live ￰3￱ price chart.) has repeatedly delayed its decisions, with further postponements emerging amid the ongoing government ￰4￱ analysts now believe that a ￰5￱ XRP ETF might only materialize toward the end of 2025, depending on regulatory progress, a development that could significantly influence XRP’s price trajectory.

Notably, the Canadian products have had minimal impact on XRP’s price due to the relatively small size of the ￰6￱ contrast, a ￰7￱ is expected to have a far greater effect, given the country’s deeper capital markets and investor ￰8￱ press time, XRP was struggling to reclaim the $2.50 resistance level, trading at $2.39 after a 1% decline in the past 24 ￰9￱ the weekly timeframe, the token has dropped 4.5%, extending its recent downtrend despite growing optimism for a potential ￰10￱ approval later next ￰11￱ image via Shutterstock