• XRP crashed 10% in the 24 hours after its first U.S. Spot ETF (XRPC) went live, dropping from a high of $2.52 to $2.28.
• An analyst has identified this as a textbook “Sell the News” event, where savvy traders who “bought the rumor” sold their positions to retail traders who bought the confirmation.
• The analyst noted that the market moves before the headlines, implying that pre-scheduled, “known outcome” events are often priced in by major players.

XRP’s 10% price decline in the past 24 hours is being analyzed as a textbook example of a “Sell the News” trading strategy. In a post on X, an analyst noted the 10% crash occurred after the first spot XRP ETF went live in the U.S.

For context, XRP faced significant, immediate selling pressure shortly after Canary Capital launched its spot XRP ETF (XRPC) on the Nasdaq on Thursday, November 13.

Read The Full Article XRP’s ‘Sell the News’ Moment: Crashes 10% Within 24 Hours of Its First U.S. Spot ETF Launch On Coin Edition.

• XRP crashed 10% in the 24 hours after its first U.S. Spot ETF (XRPC) went live, dropping from a high of $2.52 to $2.28.
• An analyst has identified this as a textbook “Sell the News” event, where savvy traders who “bought the rumor” sold their positions to retail traders who bought the confirmation.
• The analyst noted that the market moves before the headlines, implying that pre-scheduled, “known outcome” events are often priced in by major players.

XRP’s 10% price decline in the past 24 hours is being analyzed as a textbook example of a “Sell the News” trading strategy. In a post on X, an analyst noted the 10% crash occurred after the first spot XRP ETF went live in the U.S.

For context, XRP faced significant, immediate selling pressure shortly after Canary Capital launched its spot XRP ETF (XRPC) on the Nasdaq on Thursday, November 13.

Read The Full Article XRP’s ‘Sell the News’ Moment: Crashes 10% Within 24 Hours of Its First U.S. Spot ETF Launch On Coin Edition.