This week, XRP grabbed the crypto market’s attention due to the launch of the first spot XRP Exchange Traded Fund (ETF) in the United States, marked by unprecedented trading volumes on its debut. Nevertheless, the unexpected drop in XRP’s price, now at $2.99, puzzled investors regarding future trends.
How Did The Spot XRP ETF Achieve Such Success?
The spot XRP ETF, listed under the code XRPR, opened to a record-breaking $37.7 million in trading volume on its first day, outshining all other ETFs debuted in 2025. Comparatively, Dogecoin‘s newly launched ETF entered the ranks with a $17 million trade on day one. Industry expert Zach Rector emphasized this remarkable triumph but also pointed out a following three-day capital outflow totaling $68.63 million. This vast withdrawal added pressure to XRP’s price, leading to its downturn despite the initial success.
What Factors Contributed to XRP’s Price Dip?
The descent in XRP’s market value is not solely due to the outflow from the ETF. Legal expert Bill Morgan attributed the price slip in part to a “follow-the-leader” sentiment: losses in Bitcoin are influencing altcoins, including XRP. Ripple officials noted, during their SEC litigation, XRP’s price is significantly swayed by overall market trends. Technically, XRP finds itself below the key resistance mark of $3.20; dipping under $2.73 could exacerbate the downturn, while exceeding $3.20 might push prices to $3.40.
In the fast-evolving crypto domain, despite the XRP ETF’s stellar first-day success, the subsequent price decline is a sobering reminder of the market’s inherent volatility. Bitcoin will continue to shape XRP’s pricing varieties in the near future. A parallel development in the Ethereum market saw BlackRock’s Ethereum ETF recording a $363 million influx, the highest seen in a month, suggesting a rising investor interest across diverse cryptocurrency assets.
“The ETF’s debut volume was promising, but it’s crucial to stay informed about market fluctuations,” stated Ripple’s management.
The rapid capital outflow, the XRP price reflection of Bitcoin’s downturn, and shifting technical indicators paint a nuanced picture for XRP traders:
- XRPR ETF saw $37.7 million on its first day, the highest in 2025.
- Three-day $68.63 million outflow added to XRP’s price dip.
- XRP below $3.20 resistance; a drop below $2.73 could extend declines.
In light of these developments, XRP investors face an uncertain landscape. The interplay between ETF fund flows, wider Bitcoin-related movements, and fundamental technical levels will likely shape the cryptocurrency’s trajectory in the coming weeks. Staying updated and cautious is imperative for investors navigating this dynamic market environment.
