Why Is XRP’s Price Not Rising? Goldman Sachs Tops XRP ETF Holder List as Withdrawals Surge
Despite ETF inflows and Goldman Sachs' significant XRP ETF holdings, XRP's price remains stagnant due to limited broad institutional investment and market conditions.Summary
Recent data reveals that Goldman Sachs is the largest disclosed institutional holder of spot XRP ETFs, with holdings exceeding $150 million, while total institutional holdings reach approximately $211 million. However, a significant portion of the $1.2 billion in XRP ETF assets comes from non-reporting investors like smaller advisory firms and retail clients. Despite over $1 billion in inflows during 2025, XRP’s price has not experienced substantial upward momentum, potentially because the majority of ETF capital originates from smaller investors rather than large asset managers. Analysts at Bloomberg suggest the investor base consists largely of committed XRP supporters. Furthermore, increased XRP withdrawals from Binance indicate potential accumulation, but overall altcoin liquidity remains constrained, with capital primarily flowing into Bitcoin and Ethereum. Technical analysis suggests XRP could face further downside if support levels fail, but easing selling pressure could lead to a rebound.
(Source：CCN)