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#机构投资者加密货币参与 The market volatility has intensified, with XRP significantly retreating from $2.30 to $2.18, a decline of 4.58%. An analysis of on-chain data reveals that in the past 24 hours, the closing position of XRP reached $28 million, of which nearly $25 million were long positions, indicating a tendency for institutional investors to reduce investments in high supply areas. Although the XRPC ETF achieved a trading volume of $58.6 million on its first day, it failed to drive the spot market to continue rising. Currently, $2.20 is a key price level, and it is necessary to closely monitor changes in trading volume and ETF fund flows, as these will influence XRP's short-term trends. The overall crypto assets market still faces pressure, and it is advisable to remain cautious and observe the impact of Bitcoin and other mainstream tokens on XRP's performance.

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