XRP Falls on Bitcoin Profit-Taking and Leveraged ETF Launch Delay
XRP is a crypto asset closely associated with the Ripple ecosystem. Its price is often influenced by bitcoin's performance, broader crypto-market capital flows and ETF-related developments. Leveraged ETFs can amplify short-term exposure, making changes to launch schedules particularly influential on speculative capital and market sentiment.
Recent profit-taking by bitcoin investors triggered selling across the crypto market, sending XRP lower after a brief breakout. GraniteShares also announced that the planned launch of its 3x leveraged XRP ETF would be postponed until May 7, further weakening near-term buying momentum.
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The history behind this eventXRP Falls 3% After Failing to Break $1.45 Resistance, With $1.40 Support in Focus
XRP, a crypto asset closely associated with Ripple’s payments ecosystem, has recently traded within a narrow range. Despite continued accumulation by spot ETFs and large on-chain wallets, its near-term direction still hinges on whether buying demand can absorb profit-taking. The $1.40 level has therefore become a key line for the market in determining whether bulls or bears take control.
After repeatedly failing to breach resistance between $1.43 and $1.45, XRP fell about 3.3% in its latest pullback to around $1.41 and briefly dipped below $1.40 intraday. Trading volume exceeded its recent average, indicating that sellers remain in control of the short-term trend. A break below $1.40 could extend the decline, while a move back above $1.45 would improve the chances of escaping the consolidation range.
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