XRP Loses $13 Billion in Market Cap as Sell-the-News Event Unfolds After ETF Launch

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Despite the price decline, underlying data for ETFs paints a more optimistic picture. Canary Capital's XRP spot ETF saw impressive volumes and capital inflows on its opening day, indicating strong institutional demand for regulated exposure to XRP.

Currently, XRP$XRP holds support at $2.20. If the price falls below this level, we can expect further declines towards $2. However, if the price rebounds and breaks above $2.35, it could signal stabilization and the potential for a rebound.

Posted Using INLEO

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