21Shares made three changes to five crypto ETFs (BTC, ETH, XRP, DOGE, and DOT): two funds were renamed on August 25, all five switched to FTSE index-based valuation on August 27, and sponsor fees will now be charged at least quarterly instead of weekly.

$XRP is the odd one out, down 2.27% at $1.4148. Bull case: Reclaim $1.43, then watch $1.48 and $1.55. Bear case: Lose $1.38, and downside risk increases. My approach: Wait for confirmation instead of treating every red candle as a bargain.

$XRP XRP fell 6.23% over the past 24 hours to approximately $1.38, making it the biggest decliner among the top 10 cryptocurrencies by market capitalization. XRP had previously surged from around $1 on August 18 to $1.69, posting a remarkable gain in four days and briefly touching the psychological $1.70 threshold. The pullback was mainly caused by leveraged liquidations. XRP is still up 35.55% over the past week, second only to Hyperliquid’s 38.65% weekly gain. Notably, XRP-related ETFs have recorded net inflows for nine consecutive days, indicating that institutions have not withdrawn and that the issue lies mainly with leverage rather than capital outflows. Bitcoin retreated to around $78k after breaking above $80k on Tuesday, dragging altcoins broadly lower. The market is now awaiting tonight’s core PCE inflation data and Nvidia’s earnings report; whether XRP can hold the $1.40 support level will determine whether this rally is undergoing a healthy pullback or heading toward a further decline.