XRP ETF by SBI Fails to Boost Price as Traders Dump Holdings – Market Reaction Analyzed
Key Points:XRP price dropped over 5.6% despite SBI Holdings announcing Japan’s first XRP ETF.The correction may be a classic “sell-the-news” reaction, with over 96% of holders still in profit.A bull flag pattern suggests XRP could rebound toward $4.66 if momentum resumes.XRP (XRP) is trading lower this Wednesday despite a landmark announcement from Japan’s SBI Holdings about launching the country’s first XRP-focused exchange-traded fund (ETF).XRP/USDT daily price chart. Source: TradingViewSBI Ho