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$750M Paper Loss, Buy the Blood?

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Ahmed Barakat

Author

Ahmed Barakat

Part of the Team Since

Mar 2024

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Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.


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CryptoNews Editorial Team

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Sep 2018

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The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for…

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XRP is sitting exactly where the market’s patience is being tested hardest with a undicided price prediction. Five major US spot XRP ETFs are collectively underwater by $746.1 million on a cost basis of roughly $1.7 billion, but investors kept buying anyway.

SEC filings show Bitwise, Canary Capital, Franklin Templeton, 21Shares, and Grayscale recorded about $629.9 million in primary-market share creations against $309.1 million in redemptions through H1, leaving net capital flow positive by $320.8 million even as fair value sank 44.1% below cost.

Bloomberg ETF analyst James Seyffart called the demand “surprisingly resilient” in an Aug. 31 post, putting cumulative net inflows across the asset class at $1.8 billion.

That’s a strange signal for a market normally allergic to sitting on losses this large. Set against a scheduled 1 billion XRP escrow unlock and a broader risk-off tilt across altcoins, the paper-loss data forces a real question for anyone still on the sidelines: Does institutional conviction here mean something, or is it just sunk-cost stubbornness dressed up as strategy?

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XRP Price Prediction: Can It Hold $1.35 Support This Week?

Price action has cooled from the late-August peak near $1.70, and XRP now sits in the mid-$1.30s after shedding roughly 8% on the week. The $1.34–$1.35 zone is the line in the sand, and a break below opens the door toward $1.25–$1.27, near the 61.8% Fibonacci retracement.

Supertrend support sits at $1.341, and short-term momentum remains soft. A Reclaim of the $1.41 pivot flips the structure back bullish, with $1.47 and eventually $2 psychological targets back in play.

A choppy consolidation between $1.34 and $1.41 could also happen while the market digests the September 1 escrow release of 1 billion XRP. This is notably occurring with a price near $1.43 this cycle versus roughly $1 during the prior unlock, a materially stronger setup.

Worst case is a clean break under $1.34 invalidates the August rally structure and drags price toward the mid-$1.20s. Watching the support test here matters more than chasing green candles.

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Maxi Doge Targets Early Mover Upside as XRP Tests Key Levels

Holding through a $746.1 million paper loss takes conviction, or a fairly narrow definition of pain tolerance. Either way, XRP at this size isn’t handing out 50x moves anytime soon; the market cap is simply too large for that kind of asymmetric return. That’s the gap early-stage capital tends to chase instead.

Enter Maxi Doge ($MAXI), a meme token running on Ethereum built around a 240-lb dog persona channeling “1000x leverage” trading energy, complete with holder-only trading competitions and leaderboard rewards.

The presale has raised $4.8 million at a current price of just $0.0002836, with a healthy 35% APY staking live for early participants. A Maxi Fund treasury backs liquidity and partnerships, practical infrastructure that most meme launches skip.

Check out Maxi Doge before the presale window closes.

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