XRP has declined 44% over the past 12 months, erasing gains after a $3.65 cycle high in July. The drop followed six consecutive months of selling, including a major liquidation triggered by U.S. tariff announcements in October 2025 that wiped out leveraged positions and pulled XRP down with Bitcoin and stocks. XRP fell 10.8% in October and 13.8% in November, breaking below an ascending channel and signaling weakening momentum. Goldman Sachs sold its entire XRP ETF-related position after building it in late 2025, with filings showing it held nothing by March 31, 2026. Macro conditions also kept liquidity tight across crypto during 2025.
"XRP's decline over the past 12 months came from three factors. Six Straight Months of Selling U.S. tariff announcements in October 2025 set off the largest liquidation in crypto history, wiping out leveraged bets and dragging XRP down alongside Bitcoin and stocks. XRP fell 10.8% in October 2025 alone, then it dropped another 13.8% in November, breaking below its ascending channel-a rising pattern where the price trades between an upward support line and resistance line. Once the price breaks below it, it means the uptrend is weakening."
"A 13F filing is the report big institutions file with the SEC every quarter to show what they're holding. In its Q1 2026 filing, Goldman Sachs revealed it had sold its entire XRP ETF position-roughly $154 million spread across Bitwise, Franklin Templeton, Grayscale, and 21Shares. It had only built that position one quarter earlier, entering in late 2025 as the largest disclosed institutional buyer. But by March 31, 2026, it held nothing."
"The amount Goldman sold was almost exactly what it paid to get in, which suggests this was a clean exit rather than a panic sale at a loss. And here's the part a lot of people get wrong: Goldman wasn't really holding those positions for itself. It was all trading-desk activity done on behalf of clients."
Read at 24/7 Wall St.
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