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XRP price risks 50% drop despite Goldman Sachs' $152M ETF exposure

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 118 Views

XRP price risks 50% drop despite Goldman Sachs' $152M ETF exposure

Goldman Sachs revealed a $152 million exposure to spot XRP ETFs, while volatility contracted to levels seen ahead of strong price moves.

XRP (XRP) traded at $1.37 after a 3.5% decline in the last 24 hours, shrugging off Goldman Sachs’ disclosure of exposure to spot XRP exchange-traded funds (ETFs).

While this highlights long-term institutional confidence, it comes amid fragile risk sentiment and a typical breakdown from a bearish setup.

Key takeaways:

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