XRP's price fell to $1.91 as institutional investors aggressively offloaded nearly 200 million XRP, equivalent to approximately $400 million, over a 48-hour period. This significant sell-off has contributed to increased supply pressure on the cryptocurrency. The decline in XRP coincides with Bitcoin's drop below $90,000, which has heightened volatility across the altcoin market. Despite the selling pressure, Bitwise's newly launched XRP ETF saw robust interest, recording $25.7 million in first-day trading volume and accumulating $107.6 million in assets under management, reflecting strong institutional demand.