XRPC records $58.6 million in first-day volume on Nasdaq as DTCC lists more XRP ETFs and analysts flag outsized demand.

ETF manager Volatility Shares has applied with the SEC to bring 5x leveraged Bitcoin, Ethereum, XRP, Solana, and other funds to the market.

Altcoin season has stayed muted with the index near 25. Bitcoin has slipped; BNB, Sui, and Solana have dropped as volumes have risen.

The XRP market anticipates significant volatility due to upcoming legal, regulatory, and institutional developments. Ripple CEO Brad Garlinghouse has advised investors to prepare for substantial shifts. A key catalyst is the launch of Ripple Prime, a new global prime brokerage service for institutional clients, which utilizes Ripple's infrastructure including XRP. Garlinghouse stated that XRP is central to Ripple's mission of building an internet of value. Technical analysis suggests XRP has bounced off a key support level, potentially leading to a 30% rally to $3.45 or higher. Increased network usage and a spike in token burn rate, mirroring a price surge, indicate strong on-chain demand and investor activity. This renewed institutional interest and burn acceleration may signal a sustained upward trend towards $3.00. Bulls have decisively broken through the $2.55 resistance level, with immediate targets now set at $2.80 and beyond. Rising whale activity and Open Interest, coupled with a fast-flipping sentiment, support this bullish outlook. If momentum continues, XRP could reach the $3.00 mark and higher.

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