The debut of Canary Capital’s Spot XRP ETF was one of the standout moments for the XRP community this year, bringing the token to the US ETF arena. strong opening volume It is attracting a lot of attention from traders.
many holders It’s release week We expect this type of headline event to lead to a sharp rally in XRP, especially after years of waiting for regulated access in the US. Rather, price trends remain relatively benign, leaving a gap between expectations and reality.
in new 26 minutes Video shared on Xfinancial coach Coach JV tried to fill that gap by analyzing why XRP hasn’t exploded yet and what he believes holders should actually focus on.
Coach JV looks at XRP from a macroeconomic perspective
Considering the inflows in the first two business days, the XRP spot ETF was definitely a success. However, as many traders have pointed out, this has not yet led to a surge in XRP prices. I expected and expected it.
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Instead, the price trend of XRP has been highlighted by a downward trend in recent days. A large part of this downward price trend is due to the significant decline in the cryptocurrency market.
In its breakdown, Coach JV approached the XRP situation from a macroeconomic perspective. Rather than treating the ETF launch as a standalone trigger, he contextualized XRP’s current price movement within the larger environment that financial markets are dealing with.
The main themes of his outlook are: How people react to the hype. Coach JV has made it clear that the only way is to have discipline and a consistent plan. He didn’t structure his message around chasing short-term excitement or reacting emotionally to price movements.
He focused on having a structure that individuals can stick to regardless of whether XRP moves quickly after the ETF launch or takes longer than many expected.
Is the next $5? I don’t know
Coach JV also addressed one of the most common questions circulating within the community: Is $5 the next big target for XRP now that the ETF is live?
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“Is $5 next? I don’t know. I’m not counting on it and I’m not waiting for it. I believe it will happen at some point and I have an exit strategy in place,” he said.
That tone is now echoing others in the community. who is pushing back against unrealistic goals. Zack Rector recently reminded the audience Despite widespread speculation, XRP will not head towards triple-digit prices this year.
Another commentator is Known as Xoom on Xmade a similar statement, stating that XRP will not reach $100 or $10 based on ETF momentum alone.
At the time of writing, XRP is trading at $2.18, down 3.5% in the past 24 hours. It is still too early to conclude how much of a long-term impact the spot XRP ETF will have on price, especially for the big names. Publishers such as BlackRockFidelity, and Grayscale have not yet released their own products.
Featured image from iStock, chart from Tradingview.com
