XRP's price has dropped from $2.52 to approximately $2.25, even as the Canary Capital XRP ETF (XRPC) launched with $245 million in net inflows on its first day. Fabio Marzella, Founding and Board Director of the XRPL Foundation, attributed the lack of immediate price impact to the ETF's T+1 settlement system, which delays effects on spot prices. Marzella also highlighted the broader bearish trend in the crypto market and noted that ETFs often acquire assets through OTC liquidity, potentially obscuring actual buying activity.