XRP Bottoms Out as Goldman Sachs Exits ETF Exposure
Ripple (XRP) bottomed out amid sell-offs, with the price falling to $1.35 on Friday, closely tracking a broader market decline primarily driven by macro headwinds pressuring risk assets.
The token bottomed out amid persistent sell-offs, reflecting weak investor appetite and relatively flat trading volume over the last 24 hours. The token price slipped as Goldman Sachs closed its entire XRP ETF exposure in Q1 2026, zeroing out a position that was once valued at nearly $154 million.
This made it the largest institutional holder to exit. However, the market showed resilience, with XRP ETFs recording $60.5 million in net inflows that same week, indicating sufficient demand from other buyers to absorb the sale.
This is neutral to cautiously positive for XRP. While a major bank’s exit could signal caution, the ETF market’s ability to match and exceed that selling pressure with new inflows demonstrates sustained institutional demand and market depth for the asset.
XRP’s 24h drop mirrors Bitcoin’s 0.71% decline, indicating a high-beta move. The broader crypto market is facing headwinds from rising U.S. 30-year Treasury yields above 5% and persistent U.S.–Iran geopolitical tensions.
These factors increase the opportunity cost of holding non-yielding assets and spur a risk-off sentiment. XRP’s price action is currently tied to macro flows rather than its own fundamentals. Positive on-chain and ETF news is being overshadowed by broader risk aversion.
Any de-escalation in geopolitical tensions or a drop in long-term bond yields could relieve pressure on Bitcoin and, by extension, XRP.
While XRP and other large caps drifted lower, capital rotated into higher-beta sectors like AI tokens. For instance, NEAR Protocol surged 28.5% in the same 24h period. This rotation suggests traders are chasing narrative-driven momentum, leaving established altcoins like XRP behind.
Crypto analysts attribute the token price decline to a lack of immediate speculative interest, as XRP’s recent positive fundamentals (ETF inflows, wallet growth) have not sparked retail FOMO.
Technically, XRP is consolidating above the $1.32 support, with immediate resistance at the 50-day Exponential Moving Average near $1.41. The 4-hour chart remains bearish, with the RSI at 43.66 indicating weak momentum.
The path of least resistance is sideways to slightly down unless buying volume increases significantly. The key trigger is Bitcoin’s ability to hold the $75,000–$77,000 support zone.
A daily close above $1.40 to signal a potential comeback, or a break below $1.32 to confirm bearish continuation toward the April low near $1.27. Bitcoin Climbs as Italy’s Largest Bank Boosts Crypto Holdings
