XRP dropped by 7.3%, Spot ETF shakes the market.

Sharp Decline in XRP

XRP experienced a decrease of 7.3% alongside a broader cryptocurrency market downturn. This decline resulted in the breaking of the $2.30 support level.

Volatility Due to Spot ETF

The introduction of the spot XRP ETF in the United States coincided with this wave of selling. While this situation increased institutional access, it also brought along market fluctuations.

Warnings from Analysts

Analysts are warning that uncertainty in the market could increase. Significant token movements and fragile investor sentiments may lead to potential further declines.