XRP News Update: XRP Falls 15% Amid ETF Hopes—Is $2.70 Within Reach?
- XRP fell 15% to $2.17 amid whale selling, but ETF launches and institutional inflows could drive a rebound toward $2.70. - Major ETF providers like Franklin Templeton and Grayscale are preparing XRP products, signaling growing institutional confidence in its cross-border payment utility. - Bitcoin and Ethereum also declined 12-13.4%, but analysts view the dip as a buying opportunity amid ETF-driven demand and stable technical indicators for XRP. - Price resilience above $2.15 and ETF inflows outpacing ou
XRP (CRYPTO: XRP) has dropped by 15% in the past week as questions linger about its future price direction. Despite this, analysts and industry experts are showing growing confidence in a possible recovery, fueled by the anticipated introduction of spot
The latest decline has been intensified by large holders selling off, with Coin Bureau noting that 200 million XRP tokens were sold within the first two days after spot ETFs launched. This selling coincided with
The
Market-wide volatility has also been evident.
Technical analysis also points to possible stabilization for XRP. Chartist Ali Martinez emphasized that maintaining levels above $2.15 is crucial for a bullish outlook,
As the cryptocurrency sector moves through this consolidation phase, XRP’s adoption by institutional investors could set the tone for wider acceptance. With leading ETF issuers close to launching their products and demand for cross-border payment solutions increasing, XRP may soon challenge important resistance points. Nonetheless, investors should remain vigilant, as changes in regulations and the broader economy could still impact its upward momentum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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