XRP ETF Launch Amidst Oversold Territory

XRPs Value Plummets, Yet Institutional Interest Remains: A New ETF Offers HopeXRPs value recently took a hit, dropping into oversold territory as it fell alongside the broader market. Large holders sold off nearly two hundred million XRP tokens, causing significant price pressure. Despite this, Bitwises new XRP ETF launched with strong institutional interest, managing over one hundred seven million dollars in assets. XRPs price fell to one dollar ninety-one cents, but a small reversal at the end of the trading day hinted at buying activity. The key level to watch is one dollar ninety cents; if XRP closes below this, it could fall further. To recover, it needs to break above one dollar ninety-six cents, with the new ETF potentially providing a boost.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.