XRP Prices Falter as Bitcoin Profit-Taking Persists and ETF Delay Looms

XRP prices experienced a brief surge on Thursday before slipping back into its prior range following a rejected breakout attempt. The move higher was short-lived as sellers stepped in near resistance, pushing price lower and suggesting a lack of conviction to break out.

The delay of GraniteShares' 3x leveraged crypto ETFs, including XRP products, which were initially set to launch on May 4, has removed a potential catalyst for speculative demand. The proposed products would offer both long and short exposure, amplifying daily price moves and potentially increasing volatility once live.

According to technical analysis, the rejection at resistance is a key signal that buyers pushed price higher but couldn't maintain control. Volume picked up during the move, but lacked follow-through needed to confirm a breakout.