XRP’s Post-ETF Slump Defies Institutional Optimism

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The launch of the Bitwise XRP ETF on the New York Stock Exchange was anticipated to be a landmark validation for the digital asset, an event investors had positioned for over many months. Contrary to these bullish expectations, the market response has been a pronounced sell-off. XRP’s value is eroding, testing crucial technical support levels and leaving market participants to question whether this is a temporary profit-taking phase or the precursor to a more significant downturn.