XRP Price Jumps Above $1.20 as SEC Approves T. Rowe Price Active Crypto ETF

Key Insights:

• The SEC has approved NYSE Arca’s rule change to list the T. Rowe Price Active Crypto ETF.
• XRP price holds an 11.42% reference weighting, behind only Bitcoin and Ethereum.
• The actively managed fund can adjust its XRP crypto exposure as market conditions change.

XRP rose above $1.20 after the U.S. Securities and Exchange Commission approved NYSE Arca’s rule change for the T. Rowe Price Active Crypto ETF. The approval allows the exchange to list the product, although trading cannot begin until remaining regulatory requirements are completed.

The move attracted attention because XRP holds the third-largest allocation within the fund’s reference portfolio. The token also broke above a short-term technical pattern, placing the next resistance zone near $1.29.

SEC Approves NYSE Arca Listing Rule

The SEC approved NYSE Arca’s proposed rule change on June 12, allowing the exchange to list and trade shares of the T. Rowe Price Active Crypto ETF. The fund is expected to trade under the ticker TKNZ.

T. Rowe Price initially filed the product’s registration statement in October 2025. NYSE Arca later submitted the required rule-change proposal and revised it with two amendments during the review process.

The product seeks long-term capital growth by investing directly in eligible crypto assets. Its preliminary prospectus states that the fund may hold between five and 15 cryptocurrencies under normal market conditions.

Bitcoin, Ethereum, XRP, Solana, Cardano, and Dogecoin are among the assets identified within the proposed investment universe. The approval covers the exchange listing rule, while the fund must complete its remaining launch requirements before public trading begins.

XRP Price Holds the Third-Largest Weighting

Meanwhile, reference index weightings dated January 8 place XRP crypto behind only Bitcoin and Ethereum. Bitcoin represents 41.87% of the basket, while Ethereum accounts for 18.55%.

XRP crypto follows with an allocation of 11.42%. This places it above Solana at 8.66%, Dogecoin at 4.51%, Bitcoin Cash at 3.69%, and Cardano at 3.46%.

The weighting gives XRP a larger role than several other established digital assets within the fund’s initial framework. However, the percentages reflect reference allocations rather than a permanent portfolio structure.

The ETF is actively managed, meaning its sponsor can rebalance positions as liquidity, market conditions, and asset eligibility change. XRP’s final exposure could therefore move above or below the initial 11.42% level.

Active Management Expands XRP Crypto Exposure

Additionally, the fund differs from a passive product that simply follows fixed index weightings. Its managers can change the assets held, modify position sizes, and respond to changes across the cryptocurrency market.

The preliminary prospectus states that the portfolio’s composition could change materially and rapidly. Any added asset must satisfy the fund’s eligibility standards, including regulatory, custody, and liquidity requirements.

XRP already features across diversified crypto investment products and dedicated exchange-traded funds. The T. Rowe Price product adds another channel through which investors could gain regulated exposure without directly managing tokens or private keys.

Still, approval of the listing rule does not mean that trading has already started. The final prospectus must become effective, and the exchange must confirm the fund’s launch date before shares become available.

XRP Price Breakout Places $1.29 in Focus

Notably, XRP price has risen to approximately $1.24 after trading near $1.13 earlier in the session. The move follows a breakout from the symmetrical triangle highlighted by analyst Ali Martinez on the one-hour chart.

Before the rally, XRP price traded near $1.128 as descending resistance and rising support converged. The pattern showed lower highs meeting higher lows, indicating declining volatility ahead of a larger move.

Martinez estimated that a confirmed breakout could produce a 14% price swing. Applying that projection to the $1.128 breakout area gives an upside target near $1.286, placing $1.28–$1.29 as the next technical zone.

XRP price has already cleared the chart’s nearby levels around $1.15, $1.19, and $1.23. Holding above $1.19 would support the breakout and keep the measured target active.

The post XRP Price Jumps Above $1.20 as SEC Approves T. Rowe Price Active Crypto ETF appeared first on The Market Periodical.