The #xrp ETF has been approved, but the price barely reacted — it only climbed about 2%. A lot of people are wondering why. Let me break it down.
been hovering around the $2 range for quite some time. Even during the recent market sell-off, XRP held up pretty well. Many investors already bought in at these levels and aren't eager to push it higher.
For XRP to see real movement, the market needs an influx of fresh capital and greater liquidity. Right now, there just isn’t enough new money flowing in. While the ETF approval is definitely a positive, it alone isn’t enough to drive a major rally without fresh buyers.
On the bright side, the XRP chart still looks solid, with support levels holding up nicely.
Maybe we’ll see more action once the new week begins or after the ETF officially kicks off. But for now, XRP has been lacking volume over the past few days.