XRP News Today: XRP ETF Investments See $4 Billion Influx Amid Price Drop: Market Adjusts After Recent Surge
- Ripple's XRP ETFs see $128M inflows and regulatory approvals, but prices drop amid market correction. - XRPI and XRPR ETFs fall 8%, while XRPC ETF generates $58.5M in first-day trading, surpassing Solana's debut. - SEC approvals confirm XRP's commodity status, boosting institutional confidence as nine new XRP ETFs target $4B–$8B inflows. - Technical analysis shows XRP-USD above $2.00, with analysts projecting $2.50 by late 2025 if ETF AUM exceeds $8B.
Ripple's
The main driver behind XRP's ETF-fueled growth has been Canary Capital's
The
Greater regulatory certainty has further strengthened market confidence.
From a technical perspective, XRP-USD is still trading above the key $2.00 psychological threshold, moving within a downward channel with temporary resistance at $2.33–$2.52 and support around $2.09–$2.07
Market outlook remains uncertain. Although Bitcoin’s recent drop from $115,000 to $94,000 has dampened near-term enthusiasm,
The XRP ETF market, now featuring more than a dozen products, has elevated the asset to an institutional-grade investment vehicle. With
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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