The Ontario Securities Commission (OSC) has granted Purpose Investments Inc. the approval to launch a spot XRP exchange-traded fund (ETF) on the Toronto Stock Exchange (TSX).
This particular ETF will offer CAD-hedged, CAD non-hedged, and US dollar XRP products from June 18 onwards.
$XRP has been trading in a tight zone for a few weeks now. The immediate support is around $2.10–$2.05, with resistance at $2.34.
The token tried to break through the resistance on June 16, i.e., when the XRP ETF was approved.
Although the breakout wasn’t successful, the tides could change soon thanks to growing whale interest and XRP product launches.
An XRP bull run could see the token hit $3 in the next few weeks and up to $4 by the end of the year.
With XRP gaining momentum, this could be the start of a broader altcoin rally. Here are the best tokens to buy now to ride the wave.
It comes with MEV-resistant systems that will protect you from sandwich attacks. What’s more, there’s also protection against rug pulls and honeypots.
It wouldn’t be speculation but a simple educated guess to say that Bitcoin will join XRP in the next bull run.
This crypto project works by distributing free $BTC to its token holders (via airdrops) every time Bitcoin reaches a new milestone ($150K & $200K) for the first time.
The project is currently in presale, where it has raised more than $7.2M at the time of writing.
As you might have guessed, $AURA is based on the internet phenomenon ‘aura,’ also known as digital vibe or clout on social media platforms like X and TikTok.
Token holders get a chance to quantify their ‘aura’ by using the project’s one-of-a-kind meme generator to create +Aura memes.
Despite being a hype-driven token, not one with real utility, $AURA is the best recent example that meme coins don’t have to have strong fundamentals to be profitable investments.
It’s currently trading at $0.1317, and a brief look at its chart suggests that it has the potential to rise higher, as it’s about to break through a descending triangle pattern.
The approval of the XRP spot ETF in Canada marks a pivotal moment for the broader crypto industry, signaling growing institutional confidence and mainstream adoption.
However, kindly bear in mind that crypto investments are highly risky. Our articles aren’t financial advice, and you must always do your own research before investing.
