XRP price flashing warning signs despite Ripple ETF gains

Despite the recent launch of the first Ripple ETF, XRP continues to show bearish trends, trading at $2.26. Analysts note that XRP has slipped below critical resistance levels, with some predicting further declines if it falls below $2.20. The recent whale selling has added to the pressure, leading to a potential death-cross setup, which could exacerbate the bearish sentiment. As traders monitor these developments, the overall market sentiment remains cautious, reflecting the challenges XRP faces even with new investment vehicles like the Ripple ETF.