Why didn't the XRP ETF surge after it was approved? Friends are confused 🤷
They say that the approval of the ETF with the number $XRP is a big boost, but it only rose by 2%? This needs to be clarified:
Price stuck at $2:
XRP has been lying at the $2 price point for over half a year, and old holders have just given up. With the price stagnant, the buy and sell orders are just hanging around.
Old investors are stuck:
Recently, there was a sharp market drop, but XRP hardly fell. This indicates that the vehicle is full of experienced drivers, who are neither willing to cut their losses nor want to increase their positions.
New investors are not entering the market:
For a real surge, it relies on new investors to buy in. Currently, the market is filled with familiar faces, and new money has gone off to trade MEME coins.
The ETF is not a magic solution:
Although the license has been obtained, without new players coming in, it’s all for nothing. It’s like a supermarket has new shelves, but the customers are still the same old bunch.
To put it simply:
The ETF is just a ticket to enter; for a real surge, three things need to happen: big institutions need to buy in with real money, exchanges need to create excitement to drive prices up, and foreigners suddenly need to collectively FOMO. Given the current situation, those holding XRP can remain calm, and those wanting to jump in should not rush.
The market never lacks opportunities for success; what it lacks is someone to help you seize the opportunity—keep up the speed!
Daily focus: OM SUI FUN BTC TRUMP
