XRP Falls to $2.08 After Grayscale’s GXRP ETF Debut Disappoints
XRP slid to $2.08 on Monday following Grayscale’s launch of the GXRP ETF on NYSE Arca. The new vehicle offers institutional exposure to XRP, but initial market reaction was muted — the token continued to lose ground rather than rally on the product's debut, moving toward the key psychological $2.00 support level as investors gauge demand.
The weak debut matters because ETFs are typically viewed as a channel for institutional capital; a slow start could sustain short-term selling pressure even if the fund adds liquidity over time. Market participants will be watching GXRP inflows, trading volume and broader risk sentiment for signs of stabilization. For traders and holders, the near-term outlook is cautious: holding above the $2.00 mark will be critical to avoid further technical deterioration.