XRP Price Dips Amid Bitcoin Profit-Taking and ETF Delay

The price action of XRP has been closely tied to bitcoin's movements in recent days. On Thursday, bitcoin slid on profit-taking following its move to near $80,000, causing sellers to step in and push the price of XRP lower.

The rejection at resistance near $1.44 is a key signal that the market lacks conviction to break out. The buyers were unable to maintain control, and the selling pressure accelerated into the close.

The launch of the 3x leveraged crypto ETFs, including XRP products, has been delayed until May 7. This delay removes a near-term catalyst for speculative demand, which may have otherwise boosted the price of XRP.