XRP ETF records over $58M in first-day volume; Layer Brett announces testnet date

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XRP drew attention after its newly launched ETF recorded over $58 million in first-day trading volume. Separately, Layer Brett, a project that describes itself as an Ethereum layer-2 meme token, said it has set an official testnet date in a project update.

Claims about Layer Brett’s momentum, community engagement, and roadmap come from project communications and have not been independently verified.

XRP price prediction: ETF launch draws attention from institutional traders

The ETF debut for XRP generated more than $58 million in first-day trading volume, which some market participants view as a sign of institutional interest. Any XRP price forecasts remain speculative and are not guaranteed.

Source: CoinMarketCap

Technical indicators cited by traders can point to bearish sentiment, and the Fear and Greed index reading referenced here is 16 (often described as ā€œextreme fearā€). While the ETF launch may influence attention and liquidity, several factors could still affect XRP’s market performance:

  • XRP adoption remains closely tied to developments in financial products and market access, which can change quickly.
  • Some market observers argue that the pace of network upgrades and ecosystem development has been uneven compared with other crypto projects.
  • Regulatory uncertainty continues to pose risks, including ongoing SEC-related developments and compliance requirements.

Layer Brett is a separate project that says it is building an Ethereum layer-2 network alongside a meme-token brand. According to the project, its testnet launch is scheduled for 15 November 2025.

Layer Brett cites an Ethereum layer 2 testnet announcement 

Layer Brett said it plans to launch a layer-2 testnet. The project describes this as a step toward improving scalability, transaction speed, and network efficiency; these claims should be treated as forward-looking and subject to execution risk.

The project also promotes a staking program. Any rewards, if offered, can vary over time and are not guaranteed, and users may face smart-contract, liquidity, and market risks.

Layer Brett: project details highlighted by its team

Layer Brett’s team describes the project as combining a meme-token community with an Ethereum layer-2 roadmap. The following points are based on project materials and should not be read as assurances of future performance:

  • It aims to offer lower-cost and faster transactions via a layer-2 design.
  • It emphasizes community participation alongside planned network utility.
  • The project references a ā€œ$1 million giveawayā€ as a marketing incentive for community participation.
  • The team states that access may be designed to be straightforward, though users should consider local legal, tax, and compliance requirements before interacting with any crypto platform.

As with any early-stage crypto project, timelines and technical outcomes can differ from initial plans.

Conclusion

XRP’s ETF debut and first-day trading volume highlight continued interest in XRP-linked products, though price projections remain uncertain. Layer Brett, meanwhile, has said it plans a layer-2 testnet launch and promotes features such as staking and community incentives; these claims come from the project and should be evaluated carefully.

Project website (for reference): https://layerbrett.com

X (for reference): https://x.com/LayerBrett


This outlet is not affiliated with the project mentioned. This article is for informational purposes only and does not constitute financial or investment advice.

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