The launch of Canary Capital’s spot-XRP ETF was one of the defining moments for the XRP community this year, bringing the token into the US ETF arena. with a high opening volume and great attention from traders.
Many holders I entered launch week This kind of major event is expected to push XRP sharply higher, especially after years of waiting for regulated access in the United States. Instead, price action remained relatively muted, leaving a gap between expectations and reality.
In a new 26 minutes video shared onfinancial coach Coach JV attempted to bridge this gap, explaining why XRP hasn’t exploded higher yet and what he thinks holders should really focus on.
Coach JV places XRP in a macroeconomic perspective
The XRP Spot ETF has undoubtedly been a success, considering the amount of inflows it saw in its first two trading days. However, this has not yet translated into a rise in the price of XRP, like many traders had predicted and expected.
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Instead, XRP’s price action has been highlighted by a downward trend in recent days. Much of this downward price trend is due to the broader decline of the crypto market.
In his analysis, Coach JV approached the XRP situation from a macroeconomic perspective. Rather than treating the ETF launch as an isolated trigger, it contextualized the current price behavior of XRP within the broader environment that financial markets are facing.
A major theme of his vision was the way people react to media hype. The JV coach clearly stated that the only way is to have discipline and a consistent plan. He didn’t build his message on chasing short-term excitement or reacting emotionally to price movements.
His goal was to have a structure that an individual can adhere to regardless of whether XRP moves quickly after the ETF launch or takes longer than expected.
Is $5 next? I don’t know
Coach JV also answered one of the most common questions circulating in the community: whether $5 is the next big goal for XRP now that an ETF is live.
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“Will $5 be next? I don’t know; I’m not counting on it, I’m not expecting it, I believe it’s going to happen at some point, and I have my exit strategy in place,” he said.
This tone is now echoed by other members of the community. which repel against unrealistic goals. Zach Rector recently reminded his audience that XRP is not heading towards triple-digit prices this year, despite widespread speculation.
Another commenter, known as Xoom on Xmade a similar point, saying that XRP will not reach $100, or even $10, purely on ETF momentum.
At the time of writing, XRP is trading at $2.18, down 3.5% in the last 24 hours. It is still too early to conclude what long-term influence Spot XRP ETFs will have on prices, especially with large issuers such as BlackRockFidelity and Grayscale have not yet launched their own offerings.
Featured image from iStock, chart from Tradingview.com
