The cryptocurrency market is facing a downturn as XRP experiences a significant price drop, falling to $2.25, a critical support level. Despite this correction, hopes remain high for the approval of XRP ETFs next week, which could propel the asset’s value higher. Analysts point to potential weakness in XRP due to rejection at the $2.7 resistance and suggest a possible revisit to the lower support zone around $2.0. However, this drop is partly attributed to large-scale selling by Ripple whales over the past week, with reports of nearly 900,000 coins being offloaded by these prominent players. 7% losses in the last 24 hours have added to the downward trend. Despite uncertainty, there’s a strong expectation that XRP could witness significant movement with the anticipated debut of its first spot-based exchange-traded fund (ETF) within the next two weeks, as per Nate Geraci, an ETF expert. This prediction comes at a time when market observers believe institutional investors may be capitalizing on the recent price dip to accumulate XRP positions before potential regulatory approval. The ongoing US government shutdown has reportedly delayed SEC approvals for multiple XRP ETF filings, adding to the uncertainty and volatility in the market. Could the arrival of an XRP ETF be the key to reversing this downward trend?