XRP Faces Critical Test as ETF Debuts Clash With Market Downturn

The cryptocurrency market is witnessing a striking contradiction. As XRP enters what should be a new era of institutional validation with the launch of multiple spot ETFs from major US financial firms, its market value continues to deteriorate. The crucial question now is whether Wall Street’s embrace can reverse the slide or if the asset will breach the psychologically significant $2.00 threshold.

Broader economic concerns are creating headwinds for the entire digital asset sector. Diminishing expectations for a Federal Reserve interest rate cut in December have soured investor appetite for risk-on assets like cryptocurrencies. This cautious mood is reflected in capital movements, with $15.5 million exiting XRP-focused investment products last week. Read more...