XRP Plunges to $2.08 Despite GXRP ETF Hype: 3 Critical Price Levels Every Trader Must Watch Now

Another ETF launch fails to deliver the promised moon shot—surprise, surprise.

XRP's GXRP ETF debut crashes into reality as the token tumbles to $2.08, proving once again that Wall Street's crypto magic wands need fresh batteries.

The Support Battlefield

Watch the $2.00 psychological barrier like a hawk—break below that and the bears take full control. Next stop could be the $1.85 consolidation zone where previous buyers stepped in.

Resistance Roadblocks

Any recovery faces immediate resistance at $2.25, then the $2.50 level that's been crushing rallies all week. Break through both and we might actually see some momentum.

The Volume Verdict

Trading volumes tell the real story—if buyers aren't showing up now, they're probably waiting for lower prices. Classic crypto psychology playing out in real-time.

Meanwhile, traditional finance experts scratch their heads wondering why their fancy ETF paperwork didn't instantly print money. Welcome to crypto, folks—where fundamentals sometimes matter more than financial engineering.

ETF Landscape Expands, But Spot Demand Stays Soft

The GXRP ETF also joins the ranks of a recently launched Dogecoin ETF, solidifying Grayscale’s strategy to provide additional altcoin exposure to its investors. As more regulation-based options arise outside of Bitcoin and Ethereum, it seems like institutions are increasing their appetite for crypto.

In early trading, it appears that momentum in the ETF will not bring the price to experience a higher or lower direction in the spot market. Traditional inflows to ETFs have not created greater demand in the spot market for the coin. According to the recent update on X by the Grayscale official page the ETF is trading with 0% fees ;

“Introducing Grayscale XRP Trust ETF (Ticker: $GXRP), now trading with 0% fees. Gain exposure to $XRP, the world’s 3rd largest digital asset, available in your brokerage account today.”

Introducing Grayscale XRP Trust ETF (Ticker: $GXRP), now trading with 0% fees¹ from Grayscale, the world's largest crypto-focused asset manager².

Gain exposure to $XRP, the world’s 3rd largest digital asset³, driving innovation in global payments. Available in your brokerage… pic.twitter.com/rAzGrm0M6P

XRP Shows Corrective Bounce

The TradingView chart reflects a solid bearish structure for the coin, with lower highs and lower lows defined. The price has recently been trading around $2.18 as a slight corrective bounce off of $2.08 support. Attempts to recover above the resistance of $2.14 – $2.15 were met with selling pressure, which confirms the larger bearish trend still stands.

Overall, while the green candle is a bounce in the short term, momentum indicators disclose that it will not reverse the larger bearish trend without breaking resistance.

While broader market factors such as Bitcoin’s trend or ETF inflows may influence sentiment, the immediate price action is largely guided by technical levels, including support at $2.08 and resistance at $2.14–$2.15.

In conclusion, the coin is currently in a short-term downtrend, with sellers showing strength on every retest of resistance levels. The $2.08 support level is very important: if the price holds at that level, it could MOVE around as a minor retrace; if the price fails to hold, the price could see deeper declines toward $1.91. Traders should pay close attention to these levels to guide the next directional move.