Author: TSX Stocks

Aya Gold & Silver Closes Bought Deal Offering with Full Exercise of Over-Allotment Option for Gross Proceeds of $143.8 Million


Aya Gold & Silver Closes Bought Deal Offering with Full Exercise of Over-Allotment Option for Gross Proceeds of $143.8 Million – Toronto Stock Exchange News Today – EIN Presswire




















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Purpose Investments Launches Purpose XRP ETF, Adding to Its Diverse and Growing Suite of Digital Asset ETFs


Purpose Investments Launches Purpose XRP ETF, Adding to Its Diverse and Growing Suite of Digital Asset ETFs – Toronto Stock Exchange News Today – EIN Presswire




















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NexGold VP Sustainability Receives Prestigious Mining Society of Nova Scotia Medal


NexGold VP Sustainability Receives Prestigious Mining Society of Nova Scotia Medal – Toronto Stock Exchange News Today – EIN Presswire




















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XRP could be gearing up for a major rally despite weak ETF reaction

XRP price continued to slide for the second straight day despite getting approval for the first spot ETF listing in Canada.

According to recent reports, asset manager Purpose Investments has received final approval from Canadian regulators to launch the country’s first spot XRP ETF. Trading for the Purpose XRP ETF will begin on Wednesday, June 18, on the Toronto Stock Exchange under the ticker XRPP.

Despite the approval giving Canadian investors an easy and regulated way to access XRP, it didn’t lift sentiment, and the token stayed under pressure. XRP (XRP) price dropped 3.4% in the past 24 hours to $2.17, with its market cap falling to $127 billion.

The decline came as the broader crypto market cap dropped 3.6% over the past day, with Bitcoin (BTC) and other major tokens also sliding amid weak overall sentiment.

This was largely driven by heightened geopolitical tensions in the Middle East and growing uncertainty surrounding the U.S. Federal Reserve’s upcoming interest rate decision. Rising inflation risks have dimmed hopes of imminent rate cuts, prompting a risk-off mood across financial markets.

Despite the bearish short-term pressure, several bullish catalysts are emerging for XRP.

A recent court filing in the SEC v. Ripple case revealed that both parties have agreed to a $50 million settlement. If approved, this settlement could finally resolve the long-standing legal battle that has overshadowed XRP’s regulatory clarity and hindered its broader adoption.

In addition, former CFTC Chair Chris Giancarlo, appointed during the Trump administration, proposed the idea of issuing government bonds for crypto assets such as Bitcoin and XRP. He shared these insights during the XRPL Apex 2025 conference in Singapore, signaling a growing policy shift in favor of regulated crypto finance.

Ripple also continues to push forward on product and regional expansion. The company is preparing for the rollout of its RLUSD stablecoin, a key addition to its ecosystem. Simultaneously, Ripple has been strengthening regulatory footholds in key crypto hubs like Dubai and Singapore, which could enhance XRP’s cross-border utility.

From a technical standpoint, XRP is forming a multi-month bull pennant pattern on the 1-week/USDT chart. This bullish continuation setup typically precedes a breakout, with price targets based on the length of the initial flagpole.

XRP could be gearing up for a major rally despite weak ETF reaction - 1
XRP 1-week price, 50-day and 200-day SMA chart — June 18 | Source: crypto.news

In XRP’s case, a breakout could project a move to $4.61, representing a 114% gain from current levels.

Supporting this thesis, technical analyst Mikybull Crypto drew parallels with XRP’s 2017 chart structure, noting that a similar bull pennant breakout preceded a rally of over 1,300% to all-time highs near $3.40.

Momentum indicators, however, present a mixed picture. On the weekly chart, a golden cross has recently formed, with the 50-day SMA crossing above the 200-day SMA, typically a bullish signal suggesting trend continuation.

XRP could be gearing up for a major rally despite weak ETF reaction - 2
XRP 1-day 50-day, and 200-day SMA chart — June 18 | Source: crypto.news

In contrast, the daily chart has turned more bearish. The 200-day SMA has crossed above the 50-day SMA, forming a death cross, which is viewed as a bearish reversal indicator in technical analysis. In addition, both the MACD and RSI are trending lower, reinforcing short-term downside risks.

XRP could be gearing up for a major rally despite weak ETF reaction - 3
XRP 1-day MACD and RSI chart — June 18 | Source: crypto.news

Investor uncertainty was further amplified after the SEC delayed its decision on Franklin Templeton’s proposed spot XRP ETF, extending the review period into late July. The delay, coupled with market-wide caution, has likely contributed to XRP’s underperformance.

If XRP loses the key psychological support at $2.00, further downside toward $1.62, its April 2025 low, appears likely before any sustained rebound. Conversely, holding above this level and breaking above the pennant’s resistance could reaffirm the bullish scenario and pave the way toward a retest of cycle highs.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Teck Receives Environmental Assessment Certificate for Highland Valley Copper Mine Life Extension


Teck Receives Environmental Assessment Certificate for Highland Valley Copper Mine Life Extension – Toronto Stock Exchange News Today – EIN Presswire




















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DRML Miner Launches XRP ETF on Toronto Stock Exchange and Expands Cloud Mining Opportunities


DRML Miner Launches XRP ETF on Toronto Stock Exchange and Expands Cloud Mining Opportunities – Toronto Stock Exchange News Today – EIN Presswire




















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Canada beats US to launch first spot XRP ETF amid Ripple-SEC legal pause

Ripple Labs and the US Securities and Exchange Commission (SEC) have jointly asked the Second Circuit Court to extend the suspension of the agency’s appeal.

According to a June 16 court filing, both parties are pushing to delay the appeal to avoid further litigation following their previous settlement.

This request follows an earlier effort to amend the final judgment in the case, which Judge Analisa Torres rejected. The court ruled the request lacked the “exceptional circumstances” needed to alter a final ruling.

In response, Ripple and the SEC submitted a revised motion to suspend the ongoing appeal. Notably, the SEC had filed the original appeal in October 2024, under then-Chair Gary Gensler, to challenge a court ruling that largely favored Ripple.

However, both sides reached a preliminary agreement in April 2025 and asked the court to suspend the appeal temporarily.

Although the court has yet to grant the extension, the SEC has pledged to submit a progress update by August.

Canada gets spot XRP ETF

While legal proceedings continue in the US, Canada is making history with the continent’s first approved spot XRP exchange-traded fund (ETF).

According to a press statement, Purpose Investments, a Toronto-based asset manager, will list the Purpose XRP ETF on June 18 under the XRPP ticker. Purpose was also the first issuer of a spot Bitcoin ETF in Canada.

The XRP-focused product will trade on the Toronto Stock Exchange and provide investors with regulated access to the digital asset.

According to the statement:

“The ETF will be available in CAD-hedged (ticker XRPP), CAD non-hedged (ticker XRPP.B), and US dollar (ticker XRPP.U) units, and will be eligible for holding in registered accounts such as TFSAs and RRSPs.”

This milestone comes as several US-based firms like Grayscale await the SEC’s decisions on their XRP ETF proposals.

Market observers believe that the chances of the SEC approving a spot XRP ETF are high this year. This is evidenced by crypto bettors on the decentralized marketplace Polymarket, who believe there is an 88% chance of approval.

These developments did not immediately impact the XRP price, up by a modest 1.4% to $2.22 as of press time, according to CryptoSlate’s data.

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3 Major Altcoins Face Resistance: Can Institutional Flows Drive a Breakout?

While Ethereum, Solana, and XRP continue to benefit from these positive developments, ongoing geopolitical uncertainty and weakening global risk appetite continue to suppress prices. As a result, narrow-range price movements seen across the broader market are also reflected in these three altcoins.

Ethereum approached the $2,800 range last week, attempting to break out of the $2,430–$2,730 consolidation zone. However, with global market dynamics shifting rapidly, investor risk appetite remains low in the current environment of uncertainty. This is one of the key factors limiting upward momentum in the Ethereum market.

ETH/USD Daily ChartAs a result, ETH saw profit-taking around $2,800 and dropped as low as $2,500. While the cryptocurrency has remained above $2,500 since the weekend, recent price action suggests that ETH’s support zone has shifted higher. However, since upside momentum has remained weak over the past month, a weekly close above $2,730 has become important for confirming a stronger uptrend. Although daily gains are being met with selling pressure, a sustained close above $2,730 could establish this level as new support and potentially mark the beginning of an upward trend.

In the current setup, ETH’s closest resistance is around $2,580. If daily closes hold above this level, we could see a move toward the major resistance zone around $2,700. A bullish signal from the Stochastic RSI is also expected above $2,580, as seen last week. If Ethereum breaks out with a weekly close above the consolidation zone, the price may quickly target the $3,000–$3,400 range.

While the general upward trend in Ethereum remains intact despite its current flatness, levels down to $2,430 continue to form a critical support area. A pullback below this level could trigger a broader decline toward $2,000.

Ripple and the SEC have entered a new phase in their years-long legal battle. A joint request by both parties to suspend the appeals process suggests that the case could progress rapidly and leaves the door open to a potential settlement.

XRP/USD Daily ChartThis development can be viewed as a positive sign for resolving legal uncertainty—not only for Ripple but also for U.S.-based crypto projects more broadly. A conclusion to the XRP case could significantly impact the trajectory of crypto regulations in the U.S., keeping expectations high across the altcoin market, especially for XRP.

Resolving XRP’s legal hurdles could also drive an increase in institutional demand. In this context, XRP-based ETF efforts have recently gained momentum. Most notably, Canadian firm Purpose Investments announced it will list an XRP spot ETF on the Toronto Stock Exchange on June 18, offering both Canadian and U.S. dollar-based options—an important step for broader institutional acceptance.

As ETF developments continue to support XRP’s price, the token tested the $2.3 resistance level again yesterday, gaining 7% in value.

XRP, which pushed toward $2.65 last month, dropped to an average of $2.1 following a correction, forming an important support line at that level. Throughout June, price compression between $2.1–$2.3 has been observed, and this pattern could fuel new volatility in the coming days. Daily closes above $2.3 could create momentum toward the $2.5–$2.7 range. If demand continues to rise, the $3–$3.4 range may come into play.

On the downside, the $2–$2.1 range is the main support area for XRP. A move below this range could extend the downtrend that began at $2.65 in May and briefly paused in June. In a negative scenario, XRP could fall back toward the $1.65–$1.9 range.

After bouncing from the $100 zone in April, Solana staged a rapid recovery—rallying over 80% to reach $180. However, the cryptocurrency failed to break the $180 mark last month and declined to $142 during the correction.

Recent price action has made three levels critical for Solana. On the downside, $142 remains a key support. To the upside, $183 marks the upper limit of the consolidation band and serves as main resistance. The mid-point of this channel is around $165, which is now acting as intermediate resistance. SOL, which found support at $142 earlier this week, is currently testing $155—where short-term EMA values lie. Daily closes above this level could bring $165 into play, and if broken, $183 may be retested. A breakout beyond this range could open the path to $200, $230, and $260 as short- and medium-term targets.

If the $142 support fails, a drop toward $130 could follow. Should that level also break, Solana could retreat all the way back to the $100 region.

Among recent developments for Solana, ETF filings are particularly noteworthy. The cryptocurrency has reentered the radar of institutional investors thanks to spot ETF applications submitted to the SEC by Fidelity and CoinShares. Fidelity’s ETF proposal includes staking—a mechanism that would directly benefit Solana’s network economy.

SOL/USD Daily ChartCoinShares’ application is more conservative, but the firm’s successful Bitcoin and Ethereum products suggest that Solana could follow a similar path. Bloomberg analysts estimate a 90% probability of ETF approval, raising short-term expectations for institutional capital inflows. However, the SEC has the final say, and the market impact of these applications remains limited for now.

***

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Fountain Asset Corp. Announces Normal Course Issuer Bid


Fountain Asset Corp. Announces Normal Course Issuer Bid – Toronto Stock Exchange News Today – EIN Presswire




















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NexGold Receives Notice of Completion on Industrial Approval from the Government of Nova Scotia for the Goldboro Gold Project


NexGold Receives Notice of Completion on Industrial Approval from the Government of Nova Scotia for the Goldboro Gold Project – Toronto Stock Exchange News Today – EIN Presswire




















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