XRP Enters “Prove Yourself” Moment as Bitwise ETF Explodes Past $100M Day-One Volume
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XRP Faces a Critical Breakdown as Bears Take Control
XRP finds itself in one the most decisive phases in months after breaking below its descending channel, a move that market analyst CryptoCeek says officially places bears in control of the price action.
The breakdown marks a significant shift in momentum, raising concerns that XRP may be gearing up for a deeper correction unless bulls step in quickly.
According to CryptoCeek, the major support to watch is $1.61, a level that has historically acted as a strong demand zone and a psychological buffer for traders.
A clean break and close below this level could trigger rapid downside movement, opening the doors to $1.27 and potentially even $1.00 in short order. Such a decline would erase a large portion of XRP’s recent gains and reinforce the bearish narrative dominating the market.
XRP’s current setup highlights a clear battle between momentum and market structure, with price hovering at $1.91.
Despite several recent rally attempts, bulls have repeatedly failed to break above the downtrend line that has capped price throughout its multi-week correction.
Therefore, this resistance now stands as the decisive battleground, reclaiming it would confirm buyer strength and potentially ignite a full trend reversal.
For now, XRP’s breakdown below the descending channel underscores a market under clear bearish pressure. Selling volume is rising, lower-timeframe sentiment has flipped defensive, and CryptoCeek says XRP has entered a critical ‘prove yourself’ zone, where price must show strength or risk sliding into a deeper, prolonged downtrend.
Despite bearish technicals, XRP isn’t without hope. Markets often stage fake-outs before major reversals, and traders are now watching for a decisive reclaim of the downtrend line. A breakout above this level would invalidate the current bearish structure and signal the first real momentum shift toward a sustained recovery.
For now, all eyes are on the $1.61 support, lose it, and XRP risks accelerating lower; hold it, and the market may finally stabilize. This level could define XRP’s trajectory for the rest of the quarter.
Bitwise XRP ETF Surges Out of the Gate With Strong Day 1 Performance
The long-awaited Bitwise XRP ETF has officially debuted, and its first day of trading delivered a powerful signal of market demand.
According to the Bitwise XRP ETF Day 1 End-of-Day Report, the fund closed its inaugural session with $25.7 million in trading volume, $107.6 million in assets under management (AUM), and a highly competitive fee structure designed to attract both institutional and retail capital.
Notably, this performance positions the Bitwise XRP ETF among the strongest crypto ETF debuts, joining launches like the Canary XRP ETF, which recently recorded $245 million inflows, and underscores the surging demand for regulated XRP exposure.
Long viewed as one of the most battle-tested assets for its speed, utility, and deep liquidity, XRP is now converting that reputation into real market traction as U.S. investors gain direct, compliant access through an ETF.
Bitwise’s XRP ETF posting $25.7 million in first-day volume is a standout signal of early conviction. Strong debut liquidity shows investors are eager for regulated XRP exposure, helping tighten spreads, boost price efficiency, and lay the groundwork for deeper institutional participation in the weeks ahead.
With $107.6 million in AUM, the fund makes a strong debut. These early inflows signal confidence not only in XRP but in Bitwise’s transparency, research rigor, and crypto expertise. As more institutional desks seek digital asset exposure, this early momentum could set the stage for even larger allocations.
Well, Bitwise is boosting its competitive edge with a strategic fee structure: a 0.34% management fee, waived for the first month on the initial $500M in assets. By lowering friction for early adopters, Bitwise signals an aggressive push to scale quickly, an approach poised to capture market share in a fee-sensitive industry.
Notably, Day 1 of the Bitwise XRP ETF wasn’t just a strong launch, it was a milestone for XRP’s mainstream adoption. Robust volume, $107.6M AUM, and a strategic fee structure signal a promising start for what could become a flagship investment in the XRP ecosystem.
Conclusion
XRP’s drop below its descending channel puts bears in control, marking a pivotal moment for the asset. Key support at $1.61 will dictate the next move: a break could accelerate a slide to $1.27, or even $1.00, while reclaiming the downtrend line would signal a potential bullish reversal.
On the other hand, the Bitwise XRP ETF’s impressive debut highlights rising institutional and retail demand for regulated XRP exposure. With strong trading volume, significant AUM, and a low-fee structure, the ETF cements XRP’s role in mainstream finance while paving the way for broader adoption and liquidity. This launch signals growing confidence in both XRP and the evolving crypto ETF market.
Read More
Bitwise Just Put XRP on the Big Stage, What Comes After This?
XRP Price Prediction: $2 Support Lost – Why the $1.80 Level Is Now the Last Line of Defense
XRP Enters “Prove Yourself” Moment as Bitwise ETF Explodes Past $100M Day-One Volume
Share:
XRP Faces a Critical Breakdown as Bears Take Control
XRP finds itself in one the most decisive phases in months after breaking below its descending channel, a move that market analyst CryptoCeek says officially places bears in control of the price action.
The breakdown marks a significant shift in momentum, raising concerns that XRP may be gearing up for a deeper correction unless bulls step in quickly.
According to CryptoCeek, the major support to watch is $1.61, a level that has historically acted as a strong demand zone and a psychological buffer for traders.
A clean break and close below this level could trigger rapid downside movement, opening the doors to $1.27 and potentially even $1.00 in short order. Such a decline would erase a large portion of XRP’s recent gains and reinforce the bearish narrative dominating the market.
XRP’s current setup highlights a clear battle between momentum and market structure, with price hovering at $1.91.
Despite several recent rally attempts, bulls have repeatedly failed to break above the downtrend line that has capped price throughout its multi-week correction.
Therefore, this resistance now stands as the decisive battleground, reclaiming it would confirm buyer strength and potentially ignite a full trend reversal.
For now, XRP’s breakdown below the descending channel underscores a market under clear bearish pressure. Selling volume is rising, lower-timeframe sentiment has flipped defensive, and CryptoCeek says XRP has entered a critical ‘prove yourself’ zone, where price must show strength or risk sliding into a deeper, prolonged downtrend.
Despite bearish technicals, XRP isn’t without hope. Markets often stage fake-outs before major reversals, and traders are now watching for a decisive reclaim of the downtrend line. A breakout above this level would invalidate the current bearish structure and signal the first real momentum shift toward a sustained recovery.
For now, all eyes are on the $1.61 support, lose it, and XRP risks accelerating lower; hold it, and the market may finally stabilize. This level could define XRP’s trajectory for the rest of the quarter.
Bitwise XRP ETF Surges Out of the Gate With Strong Day 1 Performance
The long-awaited Bitwise XRP ETF has officially debuted, and its first day of trading delivered a powerful signal of market demand.
According to the Bitwise XRP ETF Day 1 End-of-Day Report, the fund closed its inaugural session with $25.7 million in trading volume, $107.6 million in assets under management (AUM), and a highly competitive fee structure designed to attract both institutional and retail capital.
Notably, this performance positions the Bitwise XRP ETF among the strongest crypto ETF debuts, joining launches like the Canary XRP ETF, which recently recorded $245 million inflows, and underscores the surging demand for regulated XRP exposure.
Long viewed as one of the most battle-tested assets for its speed, utility, and deep liquidity, XRP is now converting that reputation into real market traction as U.S. investors gain direct, compliant access through an ETF.
Bitwise’s XRP ETF posting $25.7 million in first-day volume is a standout signal of early conviction. Strong debut liquidity shows investors are eager for regulated XRP exposure, helping tighten spreads, boost price efficiency, and lay the groundwork for deeper institutional participation in the weeks ahead.
With $107.6 million in AUM, the fund makes a strong debut. These early inflows signal confidence not only in XRP but in Bitwise’s transparency, research rigor, and crypto expertise. As more institutional desks seek digital asset exposure, this early momentum could set the stage for even larger allocations.
Well, Bitwise is boosting its competitive edge with a strategic fee structure: a 0.34% management fee, waived for the first month on the initial $500M in assets. By lowering friction for early adopters, Bitwise signals an aggressive push to scale quickly, an approach poised to capture market share in a fee-sensitive industry.
Notably, Day 1 of the Bitwise XRP ETF wasn’t just a strong launch, it was a milestone for XRP’s mainstream adoption. Robust volume, $107.6M AUM, and a strategic fee structure signal a promising start for what could become a flagship investment in the XRP ecosystem.
Conclusion
XRP’s drop below its descending channel puts bears in control, marking a pivotal moment for the asset. Key support at $1.61 will dictate the next move: a break could accelerate a slide to $1.27, or even $1.00, while reclaiming the downtrend line would signal a potential bullish reversal.
On the other hand, the Bitwise XRP ETF’s impressive debut highlights rising institutional and retail demand for regulated XRP exposure. With strong trading volume, significant AUM, and a low-fee structure, the ETF cements XRP’s role in mainstream finance while paving the way for broader adoption and liquidity. This launch signals growing confidence in both XRP and the evolving crypto ETF market.
Read More
Bitwise Just Put XRP on the Big Stage, What Comes After This?