The XRP price has fallen below $2 amid market turmoil and the launch of the Bitwise XRP ETF. Bitwise's ETF traded 1,127,647 shares, totaling $25.93 million on its first day, lagging behind Canary's XRPC ETF, which had a $58.5 million debut. Despite the chaotic market, analysts anticipate a stronger performance for Bitwise on Day 2. The market crash affected major indices, with the S&P 500 losing $1.5 trillion and Bitcoin dropping to $87,000. XRP continues to decline, with analysts noting a bearish trend similar to 2020, and faces further downside if it closes below current support levels.
BTCUSDT
Perp
87,580.3
-0.64%
XRPUSDT
Perp
2.1947
-2.69%