The XRP price experienced a notable decline of 8% in the last 24 hours, trading at $2.29 as of 3.35 am EST. This drop coincided with a surge in trading volume to $7.7 billion, a 32% increase from its previous day’s figures. The Canary XRP ETF (XRPC) has played a significant role in this activity, breaking all records for first-day trading volume among ETFs launched this year. The XRPC generated a staggering $58 million in volume on its debut, surpassing even the previous record of $57 million held by the Bitwise Solana Staking ETF (BSOL). 4 This impressive performance was driven by high inflows of $245 million for the fund, attributed to pent-up demand for regulated XRP exposure. Notably, Canary Capital CEO Steven McClurg highlighted this surge in investor interest.