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.
Interestingly enough, Purpose Investments is the same financial entity that launched the world’s first Bitcoin ETF back in 2021.
$XRP welcomed the news with an 8% increase on June 16. What’s more, there has also been a lot of whale activity around $XRP.
- Around 2,700 whales now hold more than 1M XRP – the highest in the token’s history.
- Plus, the number of active XRP addresses clocked in at 295K per day in the last week, compared to an average of 35-40K in previous months.
As investor interest around $XRP continues to grow, we’ll point you towards the best crypto to buy now to benefit from this development.
$XRP Technical Analysis
$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 $4 by the end of the year.
The RSI (relative strength index) is also around 46, which is a ripe neutral level, indicating shifting market sentiments, probably towards the buy side.
With XRP gaining momentum, this could be the start of a broader altcoin rally. Here are the best tokens to buy now to ride the wave.
1. Snorter Token ($SNORT) – Best Crypto to Buy Now, Powers a Top Telegram Trading Bot
Snorter Token ($SNORT) is hands down one of the best cryptos to invest in right now. It’s the native cryptocurrency of the highly secure, feature-laden, and easy-to-use Telegram trading bot.
Snorter’s biggest selling point is the automated sniping of new meme coins on presale. Noted that this is nearly impossible to do manually because of crypto whales and their automated tools.
In addition to being super easy to use – just top up your crypto wallet and trade directly from Telegram – Snorter is also incredibly privacy-conscious.
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.
Snorter Token is currently in presale, with over $1M in early investor funding so far. One token is currently available for just $0.0957, and here’s how you can buy it.
2. BTC Bull Token ($BTCBULL) – Best Meme Coin for Bitcoin Maximalists
It wouldn’t be speculation but a simple educated guess to say that Bitcoin will join XRP in the next bull run.
If you want to maximize your returns from a Bitcoin rally, BTC Bull Token ($BTCBULL) is the best altcoin to buy now.
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.
To be eligible, you’ll need to buy $BTCBULL tokens and store them in Best Wallet. Also, make sure to opt-in to the project’s airdrop events on social media.
If you want to be on the receiving end of $BTCBULL’s potential 1,800% rally, become an early investor now.
The project is currently in presale, where it has raised more than $7.2M at the time of writing.
3. Aura ($AURA) – Hottest Token on the Market Right Now
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 one of the top trending cryptos right now, having climbed up nearly 135% over the past week.
It’s currently trading at $0.1317, and a brief look at its chart suggests that it has the potential to rise higher, as it’s about to break through a descending triangle pattern.
Final Thoughts
The approval of the XRP spot ETF in Canada marks a pivotal moment for the broader crypto industry, signaling growing institutional confidence and mainstream adoption.
We believe that new cryptos like Snorter Token ($SNORT) and BTC Bull Token ($BTCBULL) could be the perfect way to fuel the market’s excitement and bullishness.
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.
