XRP Price Plunges: Whale Sell-Off and ETF Pressure Drive Down

XRP prices took a significant hit, dropping nearly 4% to $2.17 within the broader cryptocurrency market decline. This drop came following the launch of three new XRP ETFs this month, leading to an initial surge followed by profit-taking. While these ETFs injected a significant $245 million into the market’s first week, short-term traders were caught off guard and triggered a sell-off fueled by ‘sell-the-news’ pressure following the launch of ETF products.