Dropping XRP Prices Contrast with First-Day Success of Spot ETF
In a significant turn of events, the cryptocurrency market has witnessed a notable decline, with XRP being one of the affected tokens. XRP's current trading price on the stock market today stands at $2.99, a drop from its recent highs.
The downturn in the broader crypto market, led by Bitcoin's recent decline, has contributed to XRP's price drop. Attorney Bill Morgan explained that the price drop of XRP is due to these outflows and broader weakness across the stock market. Analyst Zach Rector further elaborated that the first Spot XRP ETF did set a record for day-one trading volume on TradingView in 2025, but XRP has since faced three straight days of outflows totaling $68.63 million.
Despite the record-breaking volume of the spot XRP ETF, indicating significant investor interest and demand for a regulated way to access XRP, market dynamics like outflows still apply and don't guarantee a price increase. The current trading price of XRP on the stock market today is just below a critical resistance zone at $3.20.
A break below $2.73 could confirm a bearish setup, with downside targets near $2.20. However, a sustained push above $3.20 may open the door for gains toward $3.40.
XRP's price movements remain strongly correlated with the broader crypto market, particularly with Bitcoin. When Bitcoin's price slides, other tokens like XRP often follow suit. The technical picture shows important levels to watch for XRP's price movement on CoinMarketCap.
Interestingly, in the provided search results, there are no publicly identified analysts who specifically attributed the cause of the XRP price drop after the historic ETF debut in the USA in 2025. The current situation underscores the close relationship between XRP and the wider market, as emphasized by Ripple during its SEC lawsuit.
On a positive note, the first U.S. spot ETF for XRP, named $XRPR, set a record for the biggest first-day natural trading volume of any ETF launched on Dropbox in 2025 with $37.7 million. The new ETF ($DOJE) also impressed with $17 million, placing it in the top five launches out of 710 so far this year.
The record-breaking volume of these XRP ETFs underscores the growing interest in XRP as a viable investment option, despite the current market conditions. As always, investors are advised to carefully consider their investment decisions and stay informed about market trends.
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