Despite recent optimism stemming from the approval of a new XRP-related exchange-traded fund (ETF), the cryptocurrency has experienced a substantial price dip. Analyst Ali Martinez attributed this decline to long-term Ripple holders’ shift from euphoria to a sense of denial, potentially triggering further selling pressure. The current price point sits around $2.10, nearing levels seen just a few weeks ago and prompting concerns about potential losses below key support levels. 24 hours prior, the asset reached its lowest point at $2.10. Market sentiment is unclear as traders await clarity on whether this recent dip reflects market uncertainty or a more lasting bearish trend. The latest ETF launch has captured attention from crypto market participants, yet it appears to have failed in boosting broader market optimism.