Analysis: Goldman Sachs' $152 Million XRP ETF Holdings Fail to Boost Price, Token Still Under Pressure or Could Drop 50%
Svmuu News: Despite Goldman Sachs disclosing a spot XRP ETF position of approximately $152 million, making it the largest institutional investor in the sector, XRP's recent performance remains weak. According to the disclosure, Goldman Sachs currently holds four XRP ETF products: Bitwise XRP ETF (approximately $39.8 million), Franklin XRP Trust (approximately $38.5 million), Grayscale XRP ETF (approximately $38.0 million), and 21Shares XRP ETF (approximately $35.9 million), accounting for about 73% of the total holdings of the top 30 institutional investors. However, market sentiment remains cautious, and technically, XRP has formed a bearish flag breakdown pattern, implying a potential downside of approximately 50%. Analysts believe that despite institutional allocation reflecting long-term confidence, XRP still faces significant short-term adjustment risks amid macro pressures and weakening capital flows. (Cointelegraph)
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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