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Ripple-linked XRP slips amid bitcoin profit-taking, ETF delay
Token falls 2.5% after rejection near $1.44 as leveraged ETF launch pushback adds to mixed sentiment.
Apr 23, 2026, 1:46 p.m.
What to know:
- XRP briefly broke above resistance near $1.44 before sellers pushed the price back toward $1.42, signaling a failed breakout.
- The broader crypto market’s profit-taking, led by bitcoin after its run toward $80,000, weighed on XRP’s ability to sustain gains.
- A delayed launch of GraniteShares’ 3x leveraged XRP ETFs to May 7 removes a near-term speculative catalyst, leaving XRP range-bound between resistance at $1.44 and support around $1.40.
• The proposed products would offer both long and short exposure, amplifying daily price moves and potentially increasing volatility once live, particularly among retail traders.
Price Action Summary
• XRP tested the $1.44 level before reversing and slipping back toward $1.42.
• The move failed to sustain above resistance, with selling pressure accelerating into the close.
• Price is now drifting back into its prior range after the rejected breakout attempt.
