In the span of appropriate one week, XRP’s market capitalization has fallen from $136.73 billion to $125.78 billion, erasing nearly $11 billion in payment.
The token is now trading at $2.13, down 7.9% over the closing 7 days and better than 7.3% month-over-month, in step with recordsdata from CoinMarketCap.
Particularly, the brand decline marks the second consecutive on each day basis loss, continuing a downtrend that has deepened without reference to otherwise bullish headlines.
Zooming in, 24-hour trading quantity has cratered by 39%, with job losing to appropriate $3.21 billion, signaling weakening momentum and likelihood-off conduct from both retail and institutional traders.
This cooling comes at a recurring time.
Space XRP ETF
Earlier this week, Cause Investments got final approval from Canadian regulators to begin the predominant spot XRP ETF, with trading beginning June 18 on the Toronto Stock Change below the ticker XRPP.
June 18th. TSX. Rep titillating.
Announcing the Cause XRP ETF, offering regulated, order exposure to identify #XRP, the native token powering rapid, low-brand harmful-border funds ⚡️
🔗 Fund page: https://t.co/CfCEdbOUEp
🔗 Press birth: https://t.co/8v1FPkXSdU… pic.twitter.com/uzNgZyRpC3— Cause Investments (@PurposeInvest) June 16, 2025
The itemizing represents a necessary milestone for XRP, granting Canadian investors regulated, brokerage-level receive entry to to the token via retirement accounts and institutional platforms. And but, the market barely reacted.
Reasonably than rally on the news, XRP slipped additional. That divergence suggests both the ETF changed into priced in, or broader sentiment is accrued being held hostage by unresolved correct uncertainty in the US.
The Ripple v. SEC case, in the muse projected to wrap up this quarter, has now been delayed until as a minimum August 2025, after Resolve Torres current a requirement for prolonged solve briefing. While the prolong buys Ripple time, it additionally prolongs the cloud hanging over U.S.-basically basically based fully establishments expecting correct clarity earlier than onboarding XRP at scale.
This correct limbo may lend a hand point to why even a landmark ETF approval in North America didn’t ignite brand rush.
Unruffled, technicals expose the doable of surprising rush. As reported in our earlier coverage, XRP’s liquidation scheme finds over $500 million in leveraged fast positions stacked between $2.20 and $2.40. If bullish momentum returns and forces a breakout above that band, a cascading fast squeeze may per chance note.
Nonetheless for now, XRP stays in the crimson. Pretty clarity is months away. And ETF excitement, as a minimum in this cycle, isn’t translating into upside.
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