XRP 29,000% Surge on Coinbase. Here’s What Happened

Edward Farina, the CEO of Alpha Lions Academy, drew attention on social media to an extraordinary surge in trading volume for the XRP/USD pair on Coinbase. Initially, Farina shared data showing a 24-hour volume increase of 12,495.31% for XRP on Coinbase, citing analytics from Coinglass. A short while later, this figure was surpassed by a revised update showing a 24-hour percentage increase of 29,140.38%, with the spot trading volume reaching $246.20 million. This unusual and massive spike in volume coincided with increased market activity around XRP across multiple platforms. According to the latest Coinglass heatmap data, Coinbase’s XRP/USD volume was among the highest in the market, trailing only behind Binance and briefly overtaking other exchanges such as Bybit, OKX, and Kraken. $XRP VOLUME IS UP 12495.31% on @coinbase What is going on???? pic.twitter.com/gDe1EmM2lo — EDO FARINA 🅧 XRP (@edward_farina) June 16, 2025 ETF News Fueling Market Sentiment The trading surge may be closely tied to recent announcements regarding the potential launch of a spot XRP exchange-traded fund (ETF). As shared by X user Nitinahuja and cited in community responses, Purpose Investments is reportedly set to launch Canada’s first spot XRP ETF on June 18, 2025. The product, to be listed on the Toronto Stock Exchange under the ticker XRPP, will offer investors direct exposure to XRP in a regulated format. This development marks a significant milestone in the institutional adoption of XRP . Purpose Investments had previously made headlines for launching the world’s first spot Bitcoin ETF in 2021. Their move into XRP reflects growing regulatory acceptance and institutional confidence in the asset. The Ontario Securities Commission’s green light signals a broader shift in how financial institutions are approaching digital assets. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Times Tabloid Confirms ETF Details and U.S. Regulatory Update Times Tabloid corroborated these developments, reporting that the news of Purpose Investments’ spot XRP ETF has already driven a notable market reaction. XRP saw a 7% price surge, rising from $2.16 to $2.30 within 24 hours. This move significantly outperformed Bitcoin and the wider cryptocurrency market, indicating heightened interest specifically in XRP. In addition to the Canadian ETF, Times Tabloid also reported that the U.S. Securities and Exchange Commission (SEC) is set to deliver a decision today, June 17, 2025, on Franklin Templeton’s spot XRP ETF application. The ruling is expected to have a considerable impact on the market, especially given the SEC’s historical stance on digital asset classifications and ETF approvals. Growing Market Participation and Institutional Confidence The sharp rise in XRP volume on Coinbase, particularly over such a short window, suggests intensified trading activity that may be driven by both institutional positioning and retail anticipation. The prospect of two major ETF announcements within the same week—one confirmed in Canada and another pending in the U.S.—appears to be the central factor influencing current momentum. The combination of regulatory clarity, increased institutional involvement, and significant price movement indicates a potentially transformative moment for XRP’s market profile. As of now, all eyes remain on the SEC decision expected later today, which could either reinforce or temper the current trajectory of interest in XRP trading pairs, especially on U.S.-based platforms such as Coinbase. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP 29,000% Surge on Coinbase. Here’s What Happened appeared first on Times Tabloid .

Source: TimesTabloid