Analysis: Goldman Sachs' $152 Million XRP ETF Holdings Fail to Boost Price, Token Still Under Pressure or Could Drop 50%

Odaily According to disclosure 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. Technically, XRP has formed a bearish flag breakdown pattern, indicating a potential downside of approximately 50%. Analysis suggests that although institutional allocation reflects long-term confidence, XRP still faces significant adjustment risks in the short term against the backdrop of macro pressures and weakening capital flows. (Cointelegraph)