XRP drops 3.46% as Bitcoin’s pullback hinders record ETF launch

XRP experienced a notable 24-hour decline of 3.46%, starting at a high of 3.014 USD before settling at 2.910 USD. Amidst this, a new U.S.-listed XRP ETF was introduced, amassing 37.7 million USD in its opening day, although institutional profit-taking overshadowed the influx.

Despite the ETF debut, analysts caution about ongoing resistance around 3.00 USD. Liquidations totaled 7.93 million USD, predominantly affecting long positions, indicating shifting trader sentiment and market dynamics that traders should monitor closely.

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