XRP Sees Short-Term Dip After REX Osprey ETF Approval, But Bullish Trend Holds According to market analyst Cryptonian, the recent approval of the first REX Osprey’s XRP Exchange-Traded Fund (ETF) marked a significant milestone for the cryptocurrency. While this regulatory nod was widely viewed as a major bullish catalyst, it triggered short-term “ sell the news ” profit-taking following an impressive 90-day rally. The phenomenon of selling on positive news is not unusual in financial markets. Investors who had accumulated XRP over the past three months, anticipating such a breakthrough, seized the opportunity to lock in profits once the ETF approval became official. This reaction caused a modest dip in XRP’s price, but market observers emphasize that this should not be mistaken for a shift in the underlying trend. Cryptonian notes that the current dip reflects broader macroeconomic concerns and a healthy technical retracement, not a loss of market confidence. Interest rate shifts, regulatory pressures, and market volatility have prompted this temporary slowdown, seen by analysts as a normal correction following a prolonged rally. Despite the short-term pullback, the long-term structural bullish trend for XRP remains intact with the psychological price of $5 within reach. Notably, the ETF approval paves the way for institutional investors to gain regulated exposure to XRP, which could drive significant inflows over time. By providing a secure and compliant avenue for large-scale investment, the REX Osprey ETF strengthens XRP’s position in the evolving crypto ecosystem and enhances its credibility among traditional financial players. Historically, the introduction of ETFs for major cryptocurrencies has proven to bolster market adoption and institutional participation. Analysts believe that similar trends could emerge for XRP, potentially supporting higher price floors and sustained growth. Therefore, the present dip may be a blessing in disguise by representing a buying opportunity at more favorable levels. XRP Faces Potential Deeper Pullback Amid Market Uncertainty According to crypto analyst Karl, XRP has recently corrected into the $2.7–$2.9 range, where it is currently trading. While this may appear as a minor retreat following previous rallies, Karl warns that the downside could extend further before any sustained recovery. Karl emphasizes that the cryptocurrency market remains “tricky,” with short-term movements heavily influenced by broader macroeconomic factors, investor sentiment, and technical dynamics. The current pullback reflects not only profit-taking after recent gains but also lingering uncertainty about the market’s next direction. The analyst points to the $2.6 level as a critical support zone for XRP. A dip toward this area, he suggests, is within the realm of possibility if the market continues to experience volatility. Historically, such support levels have served as key decision points, where long-term investors often step in, and short-term traders reassess their positions. Karl’s cautious outlook signals that traders should brace for potential swings and avoid assuming the current $2.7–$2.9 range marks the bottom. At the time of this writing, XRP was trading at $2.80, according to CoinGecko data . Conclusion While the SEC’s approval of the REX Osprey XRP ETF triggered short-term profit-taking, the underlying fundamentals for XRP remain robust. Institutional adoption, regulatory clarity, and growing market infrastructure continue to support a bullish outlook. As a result, the current dip could offer investors a strategic entry point at more attractive prices. Nevertheless, while XRP is holding within the $2.7–$2.9 range, the possibility of a deeper pullback toward $2.6 cannot be dismissed.
