Despite launching the year’s most successful ETF with $58 million in day-one volume, XRP continues to struggle, prompting a bearish XRP price prediction from many analysts.
Canary Capital’s XRPC fund narrowly beat Solana’s BSOL ETF, but the token itself is down 11% over the past week, showing that institutional hype hasn’t yet translated into price strength.
During its first day of trading, XRP attracted $58.6 million, breaking this year’s record for crypto ETFs, previously set by Bitwise’s Solana Staking ETF (BSOL). Meanwhile, in just two days, XRPC more than doubled the assets under management (AUM) of the REX-Osprey fund.
According to its official website, XRPC currently manages $248 million for investors, despite the market’s latest setback. This makes it the largest XRP-linked ETF in the U.S. stock market.
Similar vehicles from Franklin Templeton, 21Shares, and CoinShares are waiting for the SEC’s nod to hit the trading floor soon.
XRP Price Prediction: XRP Risks a 30% Drop if It Loses This Key Support
The 4-hour chart shows that XRP’s downtrend has persisted despite the launch of the ETF.
The token seems to have found support temporarily at around $2.15 – $2.22.
However, if this demand area falters this week, we could see XRP dropping to $1.57. This is the price level from which it bounced during the October 10 flash crash.
This means a 30.4% downside risk based on where the price is today.
Nonetheless, if the $2.20 support level holds, XRP could recover to $3 rapidly, especially if market sentiment improves for an end-of-year “Christmas rally.”
The launch of additional ETFs could reinforce this bullish scenario, as rising institutional interest may drive demand for the token.
Meanwhile, as most altcoins remain under pressure, early-stage presales like Maxi Doge ($MAXI) are quietly gaining traction.
With over $4 million raised already, the presale is gathering serious momentum as it builds a trader-first meme coin community.
Maxi Doge ($MAXI) Reignites the Doge Spirit with a Bold New Vision for Crypto Traders
Built on Ethereum and inspired by the original Doge meme, Maxi Doge ($MAXI) is more than just another meme coin; it’s a fresh take on what made Doge iconic in the first place.
By uniting a fast-growing community of high-energy traders, $MAXI aims to turn meme-fueled hype into real trading opportunities, rewards, and shared wins in the heart of this bull market.
This community-centered token creates an ideal hub through which traders can share ideas and insights about new opportunities in the crypto market.
In addition, traders can compete against each other for attractive rewards and bragging rights through fun tournaments like Maxi Ripped and Maxi Gainz.
Up to 25% of the presale’s proceeds will also be invested in promising tokens. The resulting gains will be used to finance marketing campaigns that raise the market’s awareness of $MAXI.
To buy $MAXI and join the pump, simply head to the official Maxi Doge website and connect a compatible wallet like Best Wallet.
You can swap existing crypto for this meme coin or use a bank card to complete the transaction in seconds.
The post XRP Price Prediction: ETF Hype Dies Fast as Sellers Crush XRP – What Happens If $2.22 Support Fails? appeared first on Cryptonews.
