Analysis: Goldman Sachs' $152 million XRP ETF holdings did not boost the price, but the coin remains under pressure and may drop by 50%

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Odaily Planet Daily reports that despite Goldman Sachs disclosing holdings of approximately $152 million in spot XRP ETF positions, making it the largest institutional investor in this sector, XRP has recently performed weakly. According to disclosed information, Goldman Sachs currently holds four XRP ETF products, including: Bitwise XRP ETF (about $39.8 million), Franklin XRP Trust (about $38.5 million), Grayscale XRP ETF (about $38 million), and 21Shares XRP ETF (about $35.9 million), accounting for approximately 73% of the total holdings of the top 30 institutional investors. However, market sentiment remains cautious, and technically, XRP has formed a bearish flag breakdown pattern, indicating a potential downside of about 50%. Analysts believe that although institutional allocations reflect long-term confidence, in the context of macro pressures and weakening capital flows, XRP still faces significant short-term adjustment risks. (Cointelegraph)

XRP-3.11%
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