Goldman Sachs revealed significant exposure to XRP ETFs, holding approximately $154 million in these investment products. This institutional interest, however, did not catalyze a price increase for XRP, which remains around $1.37. Analysts suggest two primary factors may be contributing to the price stagnation: a lack of transformative institutional momentum for Ripple and a current market focus on bitcoin and ethereum.
The global banking institution Goldman Sachs disclosed it is the largest holder of XRP ETFs, with exposure of approximately $154 million. This revelation highlighted growing institutional interest in the cryptocurrency.
Despite this news, the price of XRP saw little movement and was recently down 0.72% over 24 hours to around $1.37. The muted market reaction has introduced skepticism among observers.
One cited reason for the stagnant price is that Ripple still requires a more substantial institutional push to significantly impact its valuation. Additionally, most market liquidity is currently flowing into bitcoin and ethereum, leaving altcoins like XRP subdued.
An analyst stated, “Goldman Sachs is now the largest holder of XRP ETFs, with approximately $154M in exposure.” Market participants are watching for a potential altcoin rotation following bitcoin’s performance.
Regarding long-term forecasts, CoinCodex Ripple stats provide specific projections. The model forecasts XRP could reach $1.63 by the end of 2026 and $5.36 by 2030.
