Goldman Sachs' $152 million XRP ETF holdings did not boost prices

Goldman Sachs disclosed holding approximately $152 million in spot XRP ETF positions, including Bitwise XRP ETF (approximately $39.8 million), Franklin XRP Trust (approximately $38.5 million), Grayscale XRP ETF (approximately $38 million), and 21Shares XRP ETF (approximately $35.9 million), accounting for approximately 73% of the total holdings of the top 30 institutional investors. Despite Goldman Sachs being the largest institutional investor in the field, XRP has recently shown weak performance, forming a bearish trend with a potential downside of about 50% on a technical level. Analysis indicates that under the background of macroeconomic pressure and weakened capital flow, there is a significant risk of short-term adjustment for XRP.