Analysis: Goldman Sachs' $152 million XRP ETF holding failed to boost the price, but the price remains under pressure and may fall by 50%.

Despite Goldman Odaily disclosing a $152 million position in XRP ETFs, making it the largest institutional investor in the sector, XRP's recent performance remains weak. According to the disclosure, Goldman Sachs currently holds four XRP ETFs: Bitwise XRP ETF ($39.8 million), Franklin XRP Trust ($38.5 million), Grayscale XRP ETF ($38 million), and 21Shares XRP ETF ($35.9 million), representing approximately 73% of the total holdings of the top 30 institutional investors. However, market sentiment remains cautious, and technically, XRP has formed a bearish flag pattern, implying a potential downside of approximately 50%. Analysts believe that although institutional allocation reflects long-term confidence, given the macroeconomic pressures and weakening capital flows, XRP still faces significant short-term correction risks. (Cointelegraph)