Analysis: Goldman Sachs' $152 million XRP ETF holdings did not boost prices, but the coin price remains under pressure and may drop by 50%
Despite Goldman Sachs disclosing a position of approximately $152 million in spot XRP ETFs, becoming the largest institutional investor in the field, XRP's recent performance remains weak.
According to disclosed information, Goldman Sachs currently holds four XRP ETF products, including: Bitwise XRP ETF (approximately $39.8 million), Franklin XRP Trust (approximately $38.5 million), Grayscale XRP ETF (approximately $38 million), and 21Shares XRP ETF (approximately $35.9 million), accounting for about 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 allocation reflects long-term confidence, under the backdrop of macro pressures and weakening capital flows, XRP still faces significant adjustment risks in the short term.
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