XRP Price News: Plunges 7%, but Will XRPC ETF Rise on Second Day?

XRP experienced a significant 7.3% drop, settling near $2.30 amid a broader crypto market downturn. This decline coincided with the debut of the first U.S. spot XRP ETF, Canary Capital's XRPC, which highlights institutional interest but also market volatility. Analysts caution that the market remains vulnerable to further declines, with large token movements and macroeconomic factors adding to uncertainty. XRP's decline cut through key support levels at $2.46, $2.40, and $2.36, indicating a considerable loss of momentum. The trading session saw high volume with 157.9 million XRP traded, exceeding the average significantly. To regain bullish strength, XRP must overcome the $2.36 resistance level. Conversely, falling below $2.29 could trigger a move towards the $2.00–$2.20 range. The situation remains fluid, particularly concerning ETF inflows, which will serve as a critical indicator for market sentiment going forward.

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