Goldman’s $87.45M $XRP ETF Position: What Does It Mean? Goldman Sachs reported $87.45M in XRP ETF exposure as of June 30, nearly 48% of disclosed institutional holdings. Jane Street: $16.64M Millennium: $16.20M The headline looks bullish, but 13F data alone doesn’t prove conviction. It shows exposure at a specific date, not the strategy behind it. The stronger signal is structural: major institutions now have regulated access to XRP exposure. The key question: will institutional exposure continue to grow in future filings? #XRP #XRPETF #Ripple #Crypto

When the candlestick that broke below the key range appeared, I didn’t hesitate and directly added another short position. The previous several false rebounds had already built up a large amount of trapped overhead supply, making a direct reversal difficult with this structure. Before adding to the position, my initial short entry was around 0.028294. After I entered, the market drifted lower for a while, giving me decent unrealized profits. As the rebound midway through the decline grew progressively weaker, I took profits in stages as the price approached the key level, leaving my core position in place until the breakdown accelerated before exiting—essentially capturing the entire trend. The biggest taboo in this kind of bearish continuation is “greed.” I scaled out in batches using an 80/20 approach, and my mindset remained steady. With the market now at this level, the area around 0.020173 has already moved far away from my entry cost, leaving ample room for profit. The short-term decline has been significant, so the market may first undergo a corrective consolidation. However, as long as the rebound does not reclaim $FLORK’s key structural level, my view will not change. If I trade later, I’ll only look to short after a rebound reaches a favorable level; without a signal, I’ll stay out and wait. $XRP $SOL

I didn’t chase $EDGEX when it surged during the day, as a long-term trendline was right above it and it would have been difficult to place a stop-loss after entering. I waited for it to pull back and regain its footing before entering a long position based on the lower-timeframe structure. After entering, it consolidated for a while. I didn’t rush to trade back and forth; once the price moved a certain distance away from my cost basis, I first closed 80% to lock in the profit on the core position, leaving the remaining 20% to follow the trend. After the breakout candlestick appeared, I took the profit from the +1163.5% position off the table first. The remaining 20% was also successfully closed for a profit when the upward momentum weakened, ultimately securing an 80% return on the trade. This trade worked out not because I was fast, but because I didn’t chase the first surge. If a similar structure appears again, I’ll first think through how to handle the area around the key level before deciding whether to enter. $XRP $LAB