Grayscale's GXRP ETF could not support XRP.

XRP's Price Is on the Decline

Grayscale has launched the GXRP ETF on NYSE Arca to increase institutional access to XRP. However, this positive news did not prevent the XRP price from falling from $2.13 to $2.08.

Short-term technical factors overshadowed the excitement created by the ETF. This situation is attracting the attention of investors and indicates that a potential price break may be on the horizon.

Price levels that traders should pay attention to include prices below $2.03. A break below this level could trigger further declines towards the $1.91 level.