XRP Drops 7.6% to $2.29 as Price Approaches $2.27 Support After First U.S. Spot ETF Launch

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As per Cryptonewsland, XRP fell 7.6% in the last 24 hours, trading at $2.29 and nearing its key support level at $2.27 following the launch of the first U.S. spot XRP ETF. The inverse chart showed a 10% drop shortly after the ETF went live, indicating a rapid market reaction. The price remains within an ascending channel, with the 24-hour range between $2.27 and $2.52 defining short-term boundaries.

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