This week, the cryptocurrency market turned its focus towards XRP. The spotlight was on the first spot XRP ETF, launched in the U.S., which achieved a record volume on its opening day. However, what surprised investors was the concurrent decline in XRP’s price. Currently trading at $2.99, this unexpected shift has left investors questioning what lies ahead for XRP.
Spot XRP ETF’s Record Debut
On its first trading day, the spot XRP ETF, listed under the code XRPR, hit a trading volume of $37.7 million. This achievement ranked it as the highest first-day volume among all ETFs introduced in 2025. During the same period, Dogecoin 
$0.098061’s new ETF positioned itself among the top five with a $17 million trading volume. Analyst Zach Rector highlighted the significance of this achievement, also noting a subsequent three-day outflow totaling $68.63 million, which contributed to the declining price. Despite the record trading volume, the outflow of funds from the market has brought a depreciation in XRP’s value.
Reasons Behind XRP’s Price Decline
Experts state that the decline in XRP’s price is not solely limited to ETF outflows. Attorney Bill Morgan explained that the recent drop over the past 24 hours could be attributed to the “follow-the-leader” mentality. According to Morgan, losses observed in Bitcoin 
$78,318 exert direct pressure on several altcoins, including XRP. Ripple 
$1‘s management also noted during the SEC lawsuit that XRP’s price movements are strongly linked to general market trends. Technically, XRP is currently trading just below the critical resistance level of $3.20. If the price drops below $2.73, the downward trend might strengthen, whereas surpassing $3.20 could lead to a potential rise towards $3.40.
The developments in the crypto market continue at a rapid pace. Despite the first-day record of the XRP ETF, the loss in price serves as a reminder for investors to remain cautious of the market’s volatile nature. In the coming days, Bitcoin’s direction will continue to influence XRP’s price. Another development is occurring on the Ethereum 
$2,399 front. BlackRock’s spot Ethereum ETF recently experienced an inflow of $363 million, marking the highest level in the past month. This indicates a growing interest in various crypto assets among investors, suggesting that the market might witness even more dynamic days in the coming months.
