XRP Price Struggles Near Resistance After First U.S. Spot ETF Launch

Despite a historic milestone with the launch of the first U.S. spot XRP exchange-traded fund on Nasdaq, Ripple’s native token (XRP) is facing resistance as it struggles to break through key levels. The cryptocurrency has been unable to reclaim its 200-day moving average, which has repeatedly served as a barrier for bullish attempts in recent weeks. This technical challenge coincides with the introduction of the XRPC ETF, prompting questions about the market’s response and potential shifts in buying momentum.