The debut of the first-ever XRP spot exchange-traded fund (ETF) on Nasdaq has generated widespread excitement within the digital asset market, but its impact has been underwhelming. Contrary to expectations for an immediate surge in price, XRP experienced a 8% drop following launch. Despite strong ETF inflows totaling $245 million on opening day, analysts suggest that this capital was insufficient to significantly influence the token’s valuation, which currently exceeds $138 billion. While investors had anticipated a swift rise fueled by institutional involvement, short-term trading activity led to a decline in XRP price as some traders sold holdings when profits became less significant. 245 million net inflows were recorded on the ETF launch day, exceeding the debut of BlackRock’s IBIT and Bitwise BITB, which totaled $111.7M and $237.9M respectively. However, even with this historic milestone in XRP-based financial products, the influx of capital remains under 1% of the token’s total market capitalization. Market forces remain relatively unchanged despite the ETF launch. Notably, analysts have indicated that a more substantial impact would require significantly greater inflows – potentially ten to fifteen times greater, encompassing $3 billion to $5 billion dollars. The current trading volume on major exchanges is estimated at 2.4 billion XRP, with an additional 5-12 billion held in OTC markets, where institutional buyers often prefer to avoid sudden price fluctuations and pay a premium of 5-15%. Despite the initial dip following the ETF launch, experts remain optimistic about XRP’s long-term prospects. The market is currently trading at $2.27, with a daily trading volume of $4.35 billion, and a total market value of $136.77 billion. While the overall excitement surrounding the ETF remains high, analysts believe that a bullish surge in price could occur when market conditions stabilize and new developments emerge. The XRP Avengers group suggests that significant price increases are possible, ranging from $10 to $30 within the next bull run, with a more substantial valuation range of 50-150 predicted for long term growth. However, until market dynamics stabilize and clear triggers lead to increased trading volume, XRP’s price trajectory remains uncertain.