With the first XRP ETF entering the market, prices have not risen yet, according to investors' forecasts.

The price of XRP ETF did not rise as expected after it was listed, which attracted market attention. XRP price is currently hovering around $1.81, down nearly 5% in 24 hours.

The first XRP ETF was listed but failed to stimulate the expected price increase in the market. Teucrium Investment Advisors launched a leveraged ETF designed to amplify XRP returns, however, it failed to drive XRP prices up, and a variety of factors are believed to be the cause of the decline in XRP prices.

The nature of ETFs and the leverage characteristics that are not approved by the SEC have led to a bland market response. Bloomberg analysts described the ETF as “very strange,” which explains its moderate market performance. In contrast, the previous listing of spot-based Bitcoin and Ethereum ETFs have both triggered sharp price increases.

Although XRP price has fallen, industry insiders believe that once the SEC-approved spot-based XRP ETF is listed, it may trigger a strong rebound in XRP prices.

A wider market sell-off also affected XRP prices. The overall cryptocurrency market has declined, with both Bitcoin and Ethereum prices falling, dragging down other altcoins, including XRP, ADA, SOL and BNB. Tariffs triggered by US-China trade frictions have also exacerbated market selling pressure.

In addition, profit-taking is also one of the reasons for the decline in XRP prices. After the news of the listing of XRP ETF was announced, there was a wave of hype in the market, and investors bought XRP in large quantities. After that, some traders may choose to take profits, resulting in a price pullback. Ripple's recent acquisition of Hidden Road also failed to have a positive impact on XRP prices.

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