Breaking: Nasdaq’s Thursday Verdict on Canary Capital’s XRP ETF – Will It Fly or Flop?

The crypto world holds its breath as Nasdaq prepares to rule on two landmark cases this Thursday. All eyes are on the potential listing of Canary Capital's XRP ETF—a move that could send shockwaves through the market or become another footnote in crypto's 'almost-was' hall of fame.

Wall Street's watching—but will they finally 'get it,' or just pretend to understand blockchain between sips of their $28 artisanal cold brew?

Once the U.S. Stock Exchange officially certifies the listing and the registration becomes effective, expected around 5:30 PM ET on Wednesday, which is Today, the final hurdle will be cleared. 

Note: “The listed funds could be live as soon as the market opens on Thursday if approved.”

Why Canary Capital XRP ETF Filing is the Ultimate Green Light

The Form 8-A filing is not just a routine update; it's the official document used to register a security for trading on a national exchange.

• Final Legal Step: It registers the listed funds securities with the SEC under the Exchange Act of 1934.

• Nasdaq Certification: The last actual step is the Nasdaq XRP ETF certifying the listing.

• Historical Clue: Analysts noted that when the firm filed a similar 8-A for its HBAR spot exchange traded funds, it launched the very next day. This history fuels hope that the Canary XRP ETF launch could happen today and officially go live tomorrow.

However, a slight delay is still possible due to technical checks by US stock exchange or market maker preparations. As per my experience being a crypto analyst, in the cryptocurrency market, it’s not done until the first trade is executed.

Price Impact: Cooling Period Before the Final Verdict

Even with the huge Canary Capital news, the price is currently around $2.42, showing a dip of about 5% in the last 24 hours, as seen in the TradingView chart. Top crypto analysts advise traders not to panic, as this is just a normal "cool-off phase" after a strong price surge that took it near the $2.60 level.

• Key Price Zones: The market is watching the $2.30 level as immediate support. Breaking above the $2.55–$2.60 zone would confirm a fresh bullish breakout.

• Indicators Say Wait: The RSI is near 36.47, close to the oversold region, meaning selling pressure might be running out. The MACD shows fading momentum, confirming this pause before the big SEC Canary ETF approval news hits the industry today.

What Will Be The XRP Price Potential ? Two Big Scenarios Ahead

The nasdaq listing Canary Capital XRP ETF will fundamentally change the investor base for this altcoin, which is why the price potential is so high.

If the exchange stranded fund goes live on Thursday as expected, expect a significant jump as institutional money gets a regulated gateway to the asset.

• Short Term: The price could quickly surge, aiming for the $2.80–$3.00 area. A clean break here could push it toward $3.20.

• Mid Term: As major investment flows build up, the price could trend strongly toward the $3.50–$4.00 region breaking its all time high.

• Long Term: A successful listed fund could realistically push the altcoin into the $5.00–$6.00 range by mid-2026.

If there is a technical delay from the U.S. Equities Market or any last-minute concerns from the SEC, expect a negative reaction from the markets.

• Short Term: Traders who bet on an immediate launch will sell their positions, possibly pushing the token down to the $2.20 support zone. An aggressive sell-off could even test $2.00.

Conclusion

Remember, a delay is not a denial. Any drop caused by timing frustration WOULD likely be seen as a "second-chance" buy opportunity for long-term investors focused on the Canary Capital XRP ETF ultimately launching. The overall long-term story remains intact.

All the paperwork is in place for the Today’s or Tomorrow's launch. Ripple price is coiling in a holding pattern, ready for a major move. The next 48 hours will decide if this dip is a temporary pause or a short-term correction.

Disclaimer: This article is for informational purposes only, and does not support any investing advice. Always DYOR before making any financial decision because crypto industry is risky.