**Canary Capital Removes SEC Delay Clause, Sets November 13 Launch for Spot XRP ETF**
Canary Capital has taken a significant step forward by removing the SEC delay clause from its spot XRP ETF filing ahead of the anticipated November 13 launch date. The new XRP ETF will debut on Nasdaq under the ticker symbol **XRPF**, offering investors direct exposure to XRP’s spot price without the need to custody the token themselves.
### Final Compliance Steps Completed
In preparation for the launch, Canary Capital has completed all necessary compliance requirements, including securing custody arrangements and establishing partnerships with market makers. The removal of the SEC delay clause signals that the fund has cleared the final regulatory hurdle, affirming its readiness to commence trading on the scheduled date.
### A Milestone for Digital Asset Investment in the U.S.
The approval and upcoming launch of the XRP ETF represent a major advancement for digital asset investment products within the United States. This development aligns with growing institutional demand for regulated crypto exposure, following similar momentum gained by Bitcoin and Ethereum ETFs earlier this year.
By providing straightforward access to XRP’s spot price, the XRPF ETF eliminates the complexities involved with managing the underlying tokens, making it an attractive option for both retail and institutional investors. Analysts anticipate that the ETF will boost liquidity and attract substantial capital inflows from traditional market participants.
### Market Reactions and Analyst Perspectives
Market experts have responded to the news with cautious optimism. Some forecasts suggest that the XRP ETF launch could mirror the positive market impacts seen with Bitcoin ETFs in 2025, potentially driving renewed price action and increased capital flow.
However, several analysts caution that success will largely depend on trading volume and broader regulatory sentiment toward crypto assets. Initial performance metrics are expected to be influenced heavily by short-term trading activity following the fund’s debut.
### XRP Technical Analysis: Breaking a Multi-Year Pattern
Adding to the positive outlook, market analyst ChartNerd revealed that XRP has broken out of a 7-year symmetrical triangle pattern — a significant technical milestone. The cryptocurrency has been consolidating above its $3.84 all-time high candle closes for nearly 12 months, signaling sustained accumulation above 2021 highs.
The XRP/TetherUS perpetual contract chart displays a classic falling wedge pattern, which recently broke out to the upside, indicating a potential trend reversal. Currently, XRP trades around $2.51 following a slight retracement from recent highs and has tested resistance near the order block zone around $2.80.
Price action suggests consolidation at these levels post-breakout. Technical analysis outlines three take-profit targets derived from Fibonacci retracement levels based on recent price swings:
– **Target 1:** Approximately $2.67
– **Target 2:** Near the current price level around $2.51
– **Target 3:** Around $2.43
### Looking Ahead: Broader Implications for Crypto Finance
The launch of Canary Capital’s XRP ETF could pave the way for future altcoin-based products, deepening cryptocurrency’s integration into mainstream financial markets through regulated investment vehicles.
November 13 is set to mark a significant milestone for XRP, bridging the gap between digital assets and traditional capital markets, and potentially setting a precedent for further innovation and adoption within the space.
https://coincentral.com/xrp-etf-launch-confirmed-canary-capital-eliminates-regulatory-block/