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XRP’s Slide Continues—Can It Rally to $3 Before ProShares’ ETF Goes Live?
XRP’s Slide Continues—Can It Rally to $3 Before ProShares’ ETF Goes Live?
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XRP bulls are sweating as the token grinds lower—again. Despite Ripple’s legal wins, the ’fastest blockchain’ narrative isn’t moving the needle. Meanwhile, ProShares’ looming crypto ETF launch dangles a potential lifeline.
Key factors dragging XRP down:
- Liquidity crunch: Big holders are sidelined, waiting for regulatory clarity (or another hype cycle).
- ETF arbitrage: Traders are flipping into Bitcoin ahead of the ProShares debut—classic ’buy the rumor, sell the news’ behavior.
Will $3 happen? Only if Wall Street’s ETF circus brings fresh capital. Until then, enjoy the volatility—and the irony of crypto’s ’institutional adoption’ phase being fueled by speculative derivatives.
In the past seven days, XRP has seen a sharp drop of 6.82%. Right now, the token is trading at $2.17 after falling 1.32% in just one day. The coin’s market cap is sitting at $127.47 billion, and it has a 24-hour trading volume of $1.87 billion. Read More
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