XRP is trading at $11.62 (down 3.2%) in pre-market as it tracks a softer crypto tape and broader sector volatility.
- The underlying XRP token is down about 2.7% since the last close, reflecting a general risk-off sentiment across the digital asset market.
- Major peers like Bitcoin and Ethereum are also trading lower, indicating the move is driven by macro crypto trends rather than ETF-specific catalysts.
- The current price action suggests the decline is primarily market-driven rather than a result of any new fund-specific developments.