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XRP price dips amid bitcoin profit-taking, ETF delay
CoinDesk·
XRP experienced a price decline, failing to sustain a breakout above $1.44 and retreating towards $1.42. This movement occurred as the broader cryptocurrency market engaged in profit-taking, with Bitcoin's recent surge to nearly $80,000 contributing to the selling pressure. Adding to the mixed sentiment, the launch of GraniteShares' 3x leveraged XRP ETFs has been postponed to May 7. This delay removes a near-term speculative catalyst, suggesting XRP may remain range-bound between resistance at $1.44 and support around $1.40 in the immediate future.
Tickers
$XRP-USD
Tags
fintech
crypto
regulation
Original Source
CoinDesk — coindesk.com