Franklin Templeton’s XRP ETF Is Live. See Stunning First Hours Performance

Amonyx, a prominent XRP enthusiast, has confirmed the live trading of Franklin Templeton’s spot XRP ETF on NYSE Arca. He shared his excitement for the moment, noting that liquidity, volume, and attention are all flooding in.

Franklin Templeton launched the Franklin XRP Trust under the ticker XRPZ. The highly anticipated fund opened at $22.44. Data from Webull shows that it traded between $22.43 and $22.84 during the morning session.

XRPZ reached $22.84 as its volume surpassed 282,000. The price gained 1.76% as buyers moved in and pushed the chart higher through the first part of the day.

The firm built XRPZ to give investors direct exposure to XRP through a structure they can trade like any other equity. This launch marks a significant step for the asset. It also adds to the rapidly growing list of ETF products on the market.

The early performance shows that demand exists for a regulated path to XRP exposure. Investors responded to the listing with steady activity, and the price movement reflected this interest.

Rising Targets as Analysts Track Early Data

Chad Steingraber reviewed the fund’s first trades and raised his expectations as the session continued. He reported that Franklin Templeton took the lead among the four active funds and that early activity could push momentum into the afternoon.

His update showed 283,102 shares traded with a value of $6,466,049, which supported a revised day one projection of $40 million. This new target is higher than his $33.4 million estimated 15 minutes earlier. The rapid shift reflected the strong demand that had built during the opening phase and the speed at which volume increased.

His assessment placed XRPZ ahead of competing digital asset funds that also entered the market. If the trajectory continues, XRPZ could approach the day one record set by Canary Capital, which reached $58 million.

What About XRP’s Price?

XRP has also experienced a positive shift over the past 24 hours. It initially struggled despite ETF launches. However, pressure from the broader market has softened. The asset is now experiencing a gradual resurgence after regaining the $2 level.

The arrival of a spot XRP ETF strengthens XRP’s position in regulated markets. Investors who prefer exchange-listed products now have a direct option. This shift supports liquidity because more investors can take part through a familiar structure. The strong early volume improves price discovery and builds confidence in the market.