XRP slipped after failing to hold a midweek rebound, as bitcoin’s profit-taking and a delay in a leveraged ETF launch weighed on broader market sentiment.
The token briefly advanced on Wednesday but reversed course as bitcoin pulled back from a move toward $80,000 during Thursday’s Asian session. Sellers re-entered near resistance, underscoring weak conviction across the market as momentum cooled.
Sentiment was further dampened after GraniteShares postponed the launch of its 3x leveraged crypto ETFs, including XRP-linked products, to May 7. The delay removes a short-term speculative catalyst. Once introduced, the ETFs are expected to provide both long and short exposure, potentially amplifying volatility through leveraged daily returns.
On the charts, XRP ran into resistance around $1.44 before reversing and easing back toward $1.42. The failed attempt to break higher reinforces the view that the asset remains stuck in a consolidation phase.
Although volume rose during the move, it did not carry through in a way that confirmed a breakout, suggesting fading buyer momentum. The rejection at resistance remains the dominant signal in the short term.
For now, XRP continues to trade within a defined range. A clear break above $1.44 would be needed to signal renewed upside momentum, while $1.40 remains immediate support. A drop below that level could open the door to a deeper retracement toward the lower boundary of the current range.
