Derived from BitJie, XRP is experiencing increased sell-off pressure amid heightened market volatility, with many holders rushing to offload their positions without fully considering broader market dynamics. On November 13, Canary Capital launched the first U.S. spot XRP ETF (XRPC), which saw over $59 million in trading volume on its first day, opening a regulated channel for institutional capital. This development is expected to ease selling pressure and reshape the market landscape. Additionally, a pilot project involving Mastercard, WebBank, and Gemini Trust Company is already using RLUSD on the XRP Ledger for interbank settlements, signaling real-world adoption. Analysts suggest that the current sell-off may be driven by short-term anxiety rather than fundamental deterioration, and the regulatory environment is shifting in favor of XRP adoption.
XRP Sell-Off Amid Market Volatility, ETF Launch Offers New Investment Channel
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