{"id":32669,"date":"2025-06-19T13:17:10","date_gmt":"2025-06-19T13:17:10","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=32669"},"modified":"2025-06-19T13:17:10","modified_gmt":"2025-06-19T13:17:10","slug":"fomc-and-canadian-etf-debut-fail-to-pump-xrp-price-what-catalyst-does-xrp-need","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=32669","title":{"rendered":"FOMC and Canadian ETF Debut Fail To Pump XRP Price: What Catalyst Does XRP Need?"},"content":{"rendered":"<div>\n<p><em>XRP price is down when writing and trending below $3.50. Ripple is struggling for momentum despite the launch of three spot XRP ETFs in Canada and FOMC expectations in the U.S.<\/em><\/p>\n<p><span data-preserver-spaces=\"true\">The XRP Army often expects the coin to go \u201cup only.\u201d It has been on an uptrend, and since Donald Trump took office, <code class=\"c-mrkdwn__code c-mrkdwn__code--no_right_cap\" data-stringify-type=\"code\"><span class=\"cpp-widget-coin cpp-widget-99btc\" data-symbol=\"xrp\" data-name=\"XRP\" data-price=\"2.154307771300000\" data-change=\"0.96\" data-chart-style=\"99btc\" data-cta_text=\"Buy with Best Wallet\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/03\/05094533\/xrp-xrp-logo.svg\" alt=\"xrp logo\">XRP <span style=\"color: #37a72b;\">\u25b20.96%<\/span><\/span><\/code> has risen in the market cap rankings and is now one of the <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">best cryptos to buy<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Best Meme Coin ICOs to Invest in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">XRP Price Consolidates<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Whether XRP will break above $3.50 in June 2025 remains to be seen. Still, bulls are optimistic, expecting prices to tick higher and break above key resistance levels at around $2.40 and $2.60 in the coming days. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Technically, the local support is at $2.00. As long as prices trend above this level, buyers may view every dip as a loading opportunity.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><\/p>\n<div class=\"cpp-crypto-chart cpp-crypto-chart-99btc cpp-crypto-chart-xrp\" data-coin-symbol=\"xrp\" data-price-usd=\"XRP Price (USD)\" data-main-color=\"#4caf05\" data-watermark-image=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/99bitcoins-logo.png\" data-chart-style=\"99btc\">\n<div class=\"cpp-chart-top-section\">\n<div class=\"cpp-chart-info-section\">\n<div class=\"cpp-chart-logo\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/03\/05094533\/xrp-xrp-logo.svg\" alt=\"xrp logo\"><\/div>\n<div class=\"cpp-chart-coin-details\">\n<div class=\"cpp-chart-labels-row\">\n<div class=\"cpp-chart-coin-name\">XRP<\/div>\n<div class=\"cpp-chart-price-info\">Price<\/div>\n<div class=\"cpp-chart-market-cap\">Market Cap<\/div>\n<\/div>\n<div class=\"cpp-chart-values-row\">\n<div class=\"cpp-chart-coin-symbol\">XRP<\/div>\n<div class=\"cpp-chart-price\"><\/div>\n<div class=\"cpp-chart-market-cap-value\">$126.97B<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cpp-chart-selectors cpp-chart-selectors-99btc\"><span class=\"cpp-chart-selector\" data-period=\"24h\">24h<\/span><span class=\"cpp-chart-selector\" data-period=\"7d\">7d<\/span><span class=\"cpp-chart-selector\" data-period=\"30d\">30d<\/span><span class=\"cpp-chart-selector\" data-period=\"1y\">1y<\/span><span class=\"cpp-chart-selector\" data-period=\"all_time\">All time<\/span><\/div>\n<\/div>\n<p><canvas id=\"cpp-chart-68540c7091806\" class=\"cpp-chart-container cpp-chart-container-99btc\"><\/canvas><\/div>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Multiple triggers, including favorable regulations and institutions racing to create complex XRP products, could prop up prices. Even so, the coin is still moving sideways, and buyers are staying away, a move that\u2019s also being felt by some of the <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-solana-meme-coins\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">best Solana meme coins<\/span><\/a><span data-preserver-spaces=\"true\">. <\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Spot XRP ETF Launch in Canada<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Notably, the launch of Canada\u2019s first spot XRP ETFs was expected to drive prices, as institutions in the country now have a clear route for direct exposure to XRP.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Purpose Investments, 3iQ, and Evolve ETFs rolled out spot XRP ETFs, listing them on the Toronto Stock Exchange (TSX) on June 18 under the tickers XRPP, XRPQ, and XRP, respectively.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Pascal St-Jean, President &amp; CEO, <a href=\"https:\/\/twitter.com\/3iq_corp?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@3iq_corp<\/a>, and his team, joined us to close the market and celebrate the launch of their 3iQ XRP ETF (TSX:XRPQ).<\/p>\n<p>\u201cThe launch of <a href=\"https:\/\/twitter.com\/search?q=%24XRPQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$XRPQ<\/a> marks another milestone in our mission to provide investors with convenient, cost-effective access to digital\u2026 <a href=\"https:\/\/t.co\/HI6P8suRGx\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/HI6P8suRGx<\/a><\/p>\n<p>\u2014 Canada&#8217;s Markets (@tsx_tsxv) <a href=\"https:\/\/twitter.com\/tsx_tsxv\/status\/1935444837056020731?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">June 18, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">As expected with any spot XRP ETF, shares issued are directly backed by XRP. Investors who buy them are also eligible for tax-sheltered investment accounts like TFSAs and RRSPs in Canada.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Looking at how these spot XRP ETFs are structured, Purpose Investments\u2019 product offers USD-denominated and CAD-hedged versions of their XRPP. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Meanwhile, 3iQ sought a competitive advantage by waiving fees until the end of the year to draw more inflows.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In the United States, the SEC has yet to approve any spot XRP ETF. Some heavyweights that have applied to issue this derivative product include Franklin Templeton and 21Shares. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">After the SEC delayed its decision on the Franklin Templeton spot XRP ETF application on June 17, eyes are on whether the regulator will also put off approval on the Grayscale on October 18. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Overall, Polymarket punters have placed a 90% chance that a spot XRP ETF will be approved in the United States by the end of 2025.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-250344 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-19T114152.149.png\" alt=\"XRP price is down. Ripple is struggling for momentum despite the launch of three spot XRP ETFs in Canada and FOMC expectations in the U.S.\" width=\"1555\" height=\"600\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-19T114152.149.png 1555w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-19T114152.149-300x116.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-19T114152.149-1024x395.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-19T114152.149-768x296.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-19T114152.149-1536x593.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-19T114152.149-50x19.png 50w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-19T114152.149-308x119.png 308w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-19T114152.149-350x135.png 350w\" sizes=\"(max-width: 1555px) 100vw, 1555px\"><\/p>\n<p><strong><span data-preserver-spaces=\"true\">(<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/polymarket.com\/event\/ripple-etf-approved-in-2025\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">Source<\/span><\/a><span data-preserver-spaces=\"true\">)<\/span><\/strong><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">FOMC Crypto Disappointment<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Much was expected from the FOMC meeting in the United States. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Although the Federal Reserve was expected to keep rates steady between 4.25% and 4.50%, the Jerome Powell press conference was supposed to move markets. However, it didn\u2019t. <\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"The 'Halftime' Investment Committee debates the Fed rate decision\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/MvykNnUSTPQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">Instead, the Federal Reserve was cautious, citing risks posed by Donald Trump\u2019s tariffs. There were also mentions of sticky inflation and resilient labor markets. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This combination meant the central bank kept rates steady, disincentivizing aggressive positions in crypto assets, including XRP.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Looking at the FOMC Dot Plot, the market still expects two 25-basis-point rate cuts in 2025. Even so, from Jerome Powell\u2019s press conference, the central bank maintains a hawkish tone.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-250345 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-19T114232.517.png\" alt=\"XRP price is down. Ripple is struggling for momentum despite the launch of three spot XRP ETFs in Canada and FOMC expectations in the U.S.\" width=\"828\" height=\"626\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-19T114232.517.png 828w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-19T114232.517-300x227.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-19T114232.517-768x581.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-19T114232.517-50x38.png 50w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-19T114232.517-265x200.png 265w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-19T114232.517-350x265.png 350w\" sizes=\"auto, (max-width: 828px) 100vw, 828px\"><\/p>\n<p><strong><span data-preserver-spaces=\"true\">(<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/files\/fomcprojtabl20250618.pdf\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">Source<\/span><\/a><span data-preserver-spaces=\"true\">)<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">Notably, seven members of the FOMC now support no cuts in 2025, up from previous projections. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Moreover, the FOMC remains data-dependent. While they could cut rates in upcoming meetings, they are still assessing the impact of tariffs on inflation, which could dampen economic growth.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:<\/span><\/strong> <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">7 High-Risk High-Reward Cryptos for 2025<\/span><\/a><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">XRP Price Stalls Despite Canada ETF Debut, FOMC Crypto Impact<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">XRP price remains below $3.50<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Canada approves three spot XRP ETFs<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">90% chance of spot XRP ETF launching in the U.S. by the close of 2025<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">FOMC holds rates steady; two rate cuts <\/span><span data-preserver-spaces=\"true\">expected<\/span><span data-preserver-spaces=\"true\"> by the end of 2025<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/fomc-and-canadian-etf-debut-fail-to-pump-xrp-price-what-catalyst-does-xrp-need\/\">FOMC and Canadian ETF Debut Fail To Pump XRP Price: What Catalyst Does XRP Need?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is down when writing and trending below $3.50. Ripple is struggling for momentum despite the launch of three spot XRP ETFs in Canada and FOMC expectations in the U.S. The XRP Army often expects the coin to go \u201cup only.\u201d It has been on an uptrend, and since Donald Trump took office, XRP [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-32669","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32669"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32669\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}