🔥 The world's first XRP ETF has collapsed by 20%!
And this is just a month after launch…
🎯 The exchange-traded fund from Hashdex (ticker XRPH11), traded on Brazil's B3, has proven to be unstable — mirroring the volatility of XRP itself. The ETF price has dropped by 20.6% from its all-time high.
📉 Despite rare spikes, XRP struggles to maintain the $2 mark. Many expected a rise after the ETF launch — but the market chose a different direction.
🇧🇷 Analysts believe the impact is limited: the capital market in Brazil is small compared to the US. Now all eyes are on the States…
📆 On June 17, the SEC will make a decision on the application for an American spot XRP ETF from Franklin Templeton. Also under consideration is the WisdomTree XRP Trust.
⚖️ The lawsuit with Ripple is still ongoing, but the parties are asking to lift restrictions on institutional sales and reduce the fine. If Ripple wins — it could be a turning point.
📈 XRP is currently at $2.26
Whether we hold the support or fall below $2 depends on the SEC's decision and the outcome of the court.
