XRP Faces Pressure Despite Strong ETF Demand
XRP has recently faced a pullback, dropping to $3—a decline of 6.6% from this week’s peak. Though, positive developments linger, such as the success of the REX-Osprey XRPR ETF.
The XRPR ETF welcomed significant attention during its debut, with $37.7 million in trading volume on its first day.By the following day, it saw another $15 million in trades.These numbers indicate a strong interest in XRP among investors.
According to recent reports, the fund’s total assets have surpassed $10.9 million. Even though the ETF carries a relatively high expense ratio of 0.75%, its success implies growing demand for XRP-backed investments.
- XRPR ETF received over $37.7 million on its first trading day.
- Assets under management have exceeded $10.9 million.
<ligarton’s XXRP and ProShares’ UXRP have attracted more than $430 million and $120 million respectively in recent months.
Technically, XRP appears bullish. Analysts suggest a potential surge to $4.2970, driven by factors like a forming bullish flag pattern and robust ETF demand.
the probability of Act 33 XRP ETF approvals by the SEC has climbed to 96%. If approved, these ETFs could further bolster XRP’s price performance in the coming weeks.
