Shocking! Why did the price react mildly after the approval of the XRP ETF? The truth behind it is revealed!
The XRP ETF has been officially approved, which should have been a significant positive news, but the price only increased by 2%, leaving many investors puzzled. Why is the market reaction so tepid?
🔹 Price stagnation: XRP is hovering around $2, forming a strong price range, with many holders “comfortably” holding their positions.
🔹 Strong holding, lack of enthusiasm: During the recent market downturn, XRP showed almost no volatility, indicating that most investors are waiting for a price increase and are not eager to add to their positions.
🔹 Lack of new funds: For XRP to truly break through and soar, it needs an influx of new capital, but currently, there is no significant new buying interest in the market.
🔹 ETF approval ≠ price surge: Although the ETF approval adds legitimacy, it is not a panacea; in the absence of demand, the price trend remains flat.
Summary: The approval of the ETF is just the beginning; a real rebound requires broader adoption and stronger investor enthusiasm, as the market momentum has not yet fully activated.