Ripple’s XRP Price Drops Despite ETF Developments: What to Watch for This Week

Despite optimism surrounding the launch of the first spot XRP ETF in the US, Ripple’s XRP price remains under pressure this week. The asset experienced a significant drop, exceeding 15% in value within the past week, as analysts anticipate more regulatory challenges. 1 500,000-USD volume was recorded on the launch of XRPC, an ETF that tracks the price of XRP. 2 Another spot XRP ETF, potentially backed by Franklin Templeton, is anticipated to come to market soon. Meanwhile, the XRP Army has expressed confidence in a potential listing for the Franklin Templeton ETF later today.