XRP price: Ripple-linked token slips amid bitcoin profit-taking, ETF delay
CoinDesk
XRP declined after failing to break resistance, hindered by Bitcoin profit-taking and a delayed launch for 3x leveraged ETFs.Summary
XRP recently faced downward pressure, retreating after a failed attempt to break the $1.44 resistance level. The token's struggle coincided with a broader market pullback led by Bitcoin, as investors engaged in profit-taking after the leading cryptocurrency neared $80,000. Additionally, the delay of GraniteShares' 3x leveraged crypto ETFs, including XRP-linked products, until May 7 removed a anticipated catalyst for speculative demand. Market analysts note that XRP remains range-bound, and failing to hold immediate support at $1.40 could lead to further declines.
(Source：CoinDesk)